Ch 5 - Small Business, Entrepreneurship, Franchises

A person or organization purchasing a franchise.

• franchisor

• franchising

• franchise

• franchisee

A carefully constructed guide for the person starting a business.

• mission statement

• business plan

• diary

• business journal

Group of senior and graduate students in business administration who provide management counseling to small businesses.

• SBA

• SCORE

• SBI's (Small Business Institutes)

A group of retired and active business people who volunteer their services to small businesses through the SBA.

• SBA

• SCORE

• SBI

Money that is invested in small (and sometimes struggling) firms that have the potential to become very successful.

• venture capital

• joint venture

• strategic alliance

• money

A business that is independently owned and operated for profit and is not dominant in its field.

• corporation

• franchise

• small business

• large business

A government agency that assists, counsels, and protects the interests of small businesses in the United States.

• SBI

• SCORE

• SBA

• AICPA

An individual or organization granting a franchise.

• franchisor

• franchisee

• franchise

• franchising

A license to operate an individually owned business as though it were a part of a chain of outlets or stores.

• franchisor

• franchise

• franchising

• franchisee

The actual granting of a franchise.

• franchisor

• franchisee

• franchise

• franchising