Business Chapter 6

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.
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.