Entrepreneur Terms -7th Grade 20-21

someone who takes a risk in starting a business to earn a profit.

• Entrepreneurship

• Entrepreneur

• Business Plan

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

• Business Plan

• Small Business Administration

• Entrepreneurship

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

• Entrepreneurship

• Entrepreneur

• Business Plan

money needed for the main resources of a business (such as land, buildings, and equipment) that will last for many years.

• Long term financing

• Short term financing

• Start up financing

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

• Long term financing

• Short term financing

• Start up financing

the amount of money needed to open the business.

• Start up financing

• Short term financing

• Long term financing

an independent business with fewer than 500 employees.

• Creditor

• small business

• innovation

a person who believes that he will be paid back the money that he loaned

• small business

• Creditor

• Small Business Administration

An improvement of an existing technological product, system, or method of doing something.

• innovation

• improvement

• small business

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

• Small Business Administration

• Business Plan

• Small Business Administration