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The Entrepeneurial
Chapter 1
| Question | Answer |
|---|---|
| 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 |
Created by:
blearly1234
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