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Key Terms
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Term | Definition |
---|---|
Small Business | An independently owned business that usually has the owner as it's manager. |
Virtual Business or Dot-com company | A business that operates on the internet |
Business Plan | A written description of a new business venture that describes all aspects of the business. |
Executive Summary | A brief recounting of the key points contained in a business plan. |
Vision Statement | A statement that establishes the scope and purpose of a company and reflects its values and beliefs. |
Mission Statement | A statement that expresses the specific aspirations of a company, the major goals for which it will strive. |