| Question |
Answer |
| What is an entrepreneur? |
Someone who takes a risk in starting a business to earn a profit. |
| What is an entrepreneurship? |
The process of starting, organizing, managing, and assuming the responsibility for a business. |
| What is a venture capital? |
Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable. |
| What is an innovation? |
An invention or creation that is brand new. |
| What is an improvement? |
A designed change that increases the usefulness of a product, service, or process. |
| What is a small business? |
An independent business with fewer than 500 employees. |
| What is the Small Business Administration? |
A government agency that helps small business owners develop business plans and obtain financing and other support for their companies. |
| What is a business plan? |
A written description of the business idea and how it will be carried out, including all major business activities. |
| What is start up financing? |
The amount of money needed to open the business. |
| What is short term financing? |
the money needed to pay for the current operating activities of a business. |
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