(See related pages)
Below are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.
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| Angel investors | Private individuals who invest their own money in potentially hot new companies before they go public (See page(s) 206) |
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| Business establishment | Has at least one paid employee, annual sales revenue of $30,000, or is incorporated and has filed a federal corporate income tax return at least once in the previous three years (See page(s) 197) |
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| Business plan | A detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s) (See page(s) 204) |
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| Employer business | Meets one of the business establishment criteria and usually maintains a payroll of at least one person, possibly the owner. (See page(s) 197) |
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| Entrepreneurial team | A group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product (See page(s) 191) |
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| Entrepreneurship | Accepting the challenge of starting and running a business (See page(s) 186) |
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| Incubators | Centres that provide handson management assistance, education, information, technical and vital business support services, networking resources, financial advice, as well as advice on where to go to seek financial assistance (See page(s) 195) |
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| Intrapreneurs | Creative people who work as entrepreneurs within corporations (See page(s) 194) |
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| Market | People with unsatisfied wants and needs who have both the resources and the willingness to buy (See page(s) 208) |
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| Micropreneurs | Entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle (See page(s) 191) |
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| Small business | A business that is independently owned and operated, is not dominant in its field, and meets certain standards of size in terms of employees or annual revenues (See page(s) 197) |
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| Venture capitalists | Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses (See page(s) 205) |