Business Chapter 6

Created by jazminemyers21 

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classic entrepreneur

Person who identifies a business opportunity and allocates available resources to tap that market.

serial entrepreneur

Person who starts one business, runs it, and then starts and runs additional businesses in succession.

intrapreneur

Entrepreneurially oriented person whose develops innovations within the context of a large organization.

change agent

Manager who revitalizes an established firm to keep it competitive.

lifestyle entrepreneur

Person who starts a business to reduce work ours and create a more relaxed lifestyle.

seed capital

Initial funding needed to launch a new venture.

debt financing

Borrowed funds that entrepreneurs must repay.

equity financing

Funds invested in new ventures in exchange for part ownership.

venture capitalists

Business organizations or groups of private individuals that invest in new and growing firms in exchange for an ownership share.

angel investors

Wealthy individuals who invest directly in anew venture in exchange for an equity stake.

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