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Chapter 6 GB
Becoming an Entrepreneur
| 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 products and new businesses that have a good chance to be very profitable. |
| What is innovation? | an invention or creation that is brand new. |
| 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 countries. |
| What is 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? | money needed to pay for the current operating activities of a business. |
| What is long-term financing? | money needed for the main resources of a business that will last for many years. |
| What's one way to fail a business? | Failure to manage credit offered to customers |
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