Small Business
Government agency that assists, counsels, and protects the interests of small businesses in the United States
What is the small business administration?
Money that is invested in small (and sometimes struggling) firms that have the potential to become successful
What is venture capital?
A license to operate an individually owned business as though it were part of a chain of outlets or stores
What is a franchise?
A carefully constructed guide for the person starting a business
What is a business plan?
Own 42 percent of all businesses, with 13 million businesses providing almost 9.4 million jobs and generating $1.9 trillion in sales.
What are women?
An independent business with fewer than 500 employees, depending on its industry
What is a small business?
Privately owned firms that provide venture capital to small enterprises that meet their investment standards
What is Small-business investment companies (SBICs)?
The actual granting of a franchise
What is franchising?
Serves as a concise document that potential investors examine to see if they would like to invest or assist in financing a new venture
What is communication?
About half of all small businesses are_____________
What are home-based?
Industries concerned with the movement of goods from producers to consumers
What are distribution industries?
Entrepreneurs post descriptions of their project or business and then invite people to contribute
What is crowdfunding?
Supplies a known and advertised business name, management skills, the required training and materials, and a method of doing business
What is a franchisor?
Helps to track, monitor, and evaluate the progress; establishes timelines and milestones and allows comparison of growth projections against accomplishments
What is management?
Face pressures in juggling their schoolwork, social life, and startup workload
What is teen entrepreneurs?
Nonfinancial services such as medical and dental care, TV repair, hair styling
What are service industries?
What type of financing requires the entrepreneur to repay the invested amount at a later date?
What is debt financing?
Supplies labor and capital, operates the franchised business, and agrees to abide by the provisions of the franchise agreement
What is a franchisee?
Guides a businessperson through the various phases of business
What is planning?
One out of every six American businesses with employees is owned by an
What is an immigrant?
Construction, mining, and manufacturing industries
What are production industries?
Private individuals who invest money in exchange for ownership in the company
What are angel investors?
Two franchisors offer their products together
What are dual-branded franchises?
A one- to two-page overview of the entire business plan, including a justification why the business will succeed.
What is executive summary?
A network of nearly 100 educational centers throughout the United States, assist women entrepreneurs in starting and growing their businesses.
What are women's business centers?