| Question |
Answer |
| What is entrepreneur? |
someone who takes a risk in starting a business to earn a profit. |
| What is Entrepreneurship? |
is the process of smarting, oranganing, managing, and assuming the responsibility for a business. |
| What is Venture capital? |
money provided by large investers to finance new products and new business that have a good chance to be very profitable. |
| What is innovation? |
invention or creation that is brand new |
| What is improvement? |
designed change that increases the usefulness of a product, service, or process. |
| What is small business? |
is an independent business with fewer than 500 employees. |
| What is Small Business Administration? |
is 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 how it will carry out, including all major business activities. |
| What is Short-term financing? |
the money needed to pay for the current operating activities of a business. |
| What is Long-term financing? |
is money needed for the main resources of a business such as land, buildings, and equipment. |
| What is Start-up financing? |
is the amount of money needed to open the business. |
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