Chapter 1
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| Entrepreneur | A person who is relentlessly focused on an opportunity, in either a new or an existing business, to create value while assuming both the risk and the reward or her effort. | ||||
| Bootstapping | Doing more with less in terms of resources invested in a business, and where possible, controlling the resources without owning them | ||||
| Small Business | A business that is small compared to large companies in an industry, has geographically, had geographically localized operations, is financed by only a few individuals, and has a small management team. | ||||
| Refugee | A person who becomes an entrepreneur to escape an undesirable situation | ||||
| Founder | An entrepreneur who brings a new firm into existence | ||||
| Franchisee | An entrepreneur whose power is limited by a contractual relationship with a franchising organization | ||||
| High-Potential Venture (gazelle) | A small firm that has great prospects for growth | ||||
| Attractive small firm | A small firm that provides substantial profits to its owner | ||||
| Microbusiness | A small firm that provides minimal profits to its owner | ||||
| Lifestyle business | A microbusiness that permits the owner to follow a desired pattern of living | ||||
| Artisan Entrepreneur | A person with primarily technical skills and little business knowledge who starts a business | ||||
| Opportunistic Entrepreneur | A person with both sophisticated managerial skills and technical knowledge who starts a business | ||||
| Entrepreneurial Team | Two or more people who work together as entrepreneurs on one endeavor | ||||
| Niche Market | A specific group of customers with an identifiable but narrow range of product or service interests | ||||
| Mentor | A knowledgeable person who cab offer guidance based on experience in a given field | ||||
| Entrepreneurial legacy | Material assets and intangible qualities passed on to both heirs and society | ||||
| entreprenurial Opportunity | An economically attractive and timely opportunity that creates value for interested buyers or end users. | ||||
| Reluctant Entrepreneur | A person who becomes an entrepreneur as a result of some severe hardship |
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Created by:
blearly1234
on 2012-01-04