ch.7 Flashcards
Angel investor
Private individuals, often successful business people, who invest their own money into a potentially rewarding private company.
Business accelerator
A program that gives developing companies access to mentorship, investors, and other support that help them become stable, self-sufficient businesses.
Business incubators
Centres that offer new businesses in the critical stage of early development low-cost offices with basic services such as accounting, legal advice, and secretarial help.
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).
Crowdfunding
Raising funds through the collection of small contributions from the general public (known as the crowd) using the Internet and social media.
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.
Entrepreneurial venture
Starting a small business to offer a product with the intention of disrupting an industry or maximizing profit.
enviropreneurs
Innovators that seek to do well (earn a profit) by doing good (enhancing the environment).
Gig economy
A labour market based on people having temporary jobs or doing separate pieces of work, each paid separately, rather than working in a permanent job for an employer. Also called theon-demand economy or contingent workforce.
intrapreneurs
Creative people who work as entrepreneurs within corporations.
SMEs
small and medium-sized enterprises
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.
venture capital
A specialized type of private-equity financing that takes educated risks on high growth-potential companies.
