POB - Lesson 6 - Vocabulary Review

A written description of the business idea and how it will be carried out, including all major business activities

• Start-up Financing

• Venture Captial

• Business Plan

• Innovation

Someone who takes a risk in starting a business to earn a profit

• Innovation

• Entrepreneur

• Small Business

• Entrepreneurship

The process of starting, organizing, managing, and assuming the responsibility for a business

• Entrepreneurship

• Entrepreneur

• Venture Capital

• Business Plan

A design change that increases the usefulness of a product, service, or process

• Business Plan

• Innovation

• Venture Capital

• Improvements

An invention or creation that is brand new

• Improvements

• Innovation

• Venture Capital

• Start-up Financing

Money needed for the main resources of a business that will last for many years

• Short-term Financing

• Start-up Financing

• Long-term Financing

• Venture Capital

The money needed to pay for the current operating activities of a business

• Long-term Financing

• Short-term Financing

• Start-up Financing

• Venture Capital

An independent business with fewer than 500 employees

• Small Business Administration

• Entrepreneur

• Entrepreneurship

• Small Business

A government agency that helps small business owners develop business plans and obtain financing and dother support for their companies

• Business Plan

• Venture Capital

• Innovation

• Small Business Administration

The amount of money needed to open the business

• Short-term Financing

• Long-term Financing

• Start-up Financing

• Venture Capital