Entrepreneur vs Small Business Owner Vocab

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Innovation

Back

The introduction of something new; a new idea, product, method, device, or service.

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Financial Risk

Back

This risk that financial stakeholders will lose money.

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Small Business

Back

According to the United States Small Business Administration, generally companies with fewer than 500 employees are considered “small” businesses.

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Vision

Back

An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way.

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Vocation

Back

A feeling of suitability for a particular career or occupation.