Chapter 7 Flashcards
Venture Capitalist
a person who helps fund a business for a percent of the company
Overhead Cost
all costs on the income statement except for direct labour, direct materials, and direct expenses
Personal Customer Service
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Angel Investors
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What are some opportunities for small businesses?
Market niches, lower overhead cost, technology
What are some drawbacks of small businesses?
Higher risk of failure, higher health insurance, not enough $
Small Business Administration
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Benefits of small businesses
more jobs, fuels innovation
Minipreneurs
an army of individuals launching small scale enterprises
Micro businesses
a business that operates on a very small scale
Freelancers
someone who works for different companies at different times
Free agents
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Weekend entrepreneurs
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