Chapter 6 - Mei Chen Section 1 Chapter 6 Entrepreneurship...

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Mei Chen Section 1 Chapter 6 : Entrepreneurship and Starting a Small Business 2-4-08 Business Plan - A detailed written statement that describes the nature of the business. The target market, the advantages and business will have in relation to the competition, ad the resources and qualifications of the owner(s) Enterprise zones - Specific geographic areas to which governments try to attract private business investment by offering lower taxes and other government support Entrepreneurial team – A group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product Entrepreneurship – Accepting the risk f starting and running a business Incubators – Center that offer new business low-cost offices with basic business services Intrapreneurs – Creative people who work as entrepreneurs within corporations Market – People with unsatisfied wants and needs who have both the resources and the
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