bus 101 chapter #5

Small business administration

A government agency that assists councils and protects the interest with small businesses in the United States

small business

An independent business having fewer than 500 employees

Franchising

Granting of a franchise to a franchisee

Franchisee

An individual organization purchasing a franchise

Franchiser

An individual or organization, granting A franchise

Franchise

A licensed to operate an individually owned business as though it were a part of a chain of outlets or stores

Venture capital

Money that is invested in small and sometimes struggling firms that have the potential to become successful

Small business, investment companies or SBIC

Privately owned firms that provide venture capital two small enterprises that meet their investment standards

SCORE SERVICE CORE OF RETIRED EXECUTIVES

A group of more than 10,000 retired and active business people, including veterans women and people with color who volunteer their services to a small business owners through the SBA established in 1964

Small business Institute or SBI

Established in 1972- Groups of senior or graduate students and business administration who provide management counseling to small businesses

Small business development centers, SBDC

University based groups that provide individual counseling and practical training to owners of small businesses

Business plan

They carefully constructed Guide for the person starting a business