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The Challenges of Starting A Business Ch 5 Sections 2-7
Terms in this set (7)
Formal document describing a proposed business concept, description of the proposed business, industry analysis, mission statement and core values, a management plan, a description of goods or services, a description of production processes, and marketing and financial plans.
Form of business ownership in which a franchiser (a seller) grants a franchisee (a buyer) the right to use a brand name and to sell its products or services.
Overview emphasizing the key points of a business plan to get the reader excited about the business's
Statement describing an organization's purpose or mission—its reason for existence—and telling stakeholders what the organization is committed to doing.
Statement of fundamental beliefs describing what's appropriate and important in conducting organizational activities and providing a guide for the behavior of organization members.
Small Business Development Center (SBDC)
SBA program in which centers housed at colleges and other locations provide free training and technical information to current and prospective small business owners.
Service Corps of Retired Executives (SCORE)
SBA program in which a businessperson needing advice is matched with a member of a team of retired executives working as volunteers.
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