GLOSSARY OF TERMS


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ENTREPRENEUR 

en·tre·pre·neur, Noun
A person who organizes and operates a business or businesses, taking on financial risk to do so.

Synonymscontractor • undertaker • businessman • impresario • industrialist • hero • heroine • madcap • mercenary • opportunist • pioneer • speculator • swashbuckler • traveler • venturer • wanderer


ACCELERATOR

A business incubator or business operation that offers advice and resources to help small businesses grow.


ANGEL INVESTORS

Individuals who back emerging entrepreneurial ventures, usually as a bridge to get from the self-funded stage to the level of business that would both need and attract venture capital. Funding level ranges anywhere from $50,000 to $2 million.


BUSINESS INCUBATOR 

Provides workspace, coaching, and support services to entrepreneurs and early-stage businesses. 


DUE DILIGENCE 

The inquiry process of obtaining sufficient and accurate disclosure of all material documents and other information which may influence the outcome of the transaction.


INTRAPRENEUR

A intrapreneur is one who takes on entrepreneur-like ventures within a large corporate environment.


JOINT VENTURE

A legal entity created by two or more businesses joining together to conduct a specific business enterprise with both parties sharing profits and losses. It differs from a strategic alliance in that there is a specific legal entity created.


MENTOR

A trusted counselor or guide to help you increase the likelihood of success within your own organization as a result of the focused support that you receive in your developmental activities. 


 

 

PITCH MEETING

Pitch meetings occur often in advertising or sales, but can also take place in other fields of business when an employee wants to introduce a new idea or method of working. Pitch meetings usually involve a presentation right off the top, followed by a question and answer period from participants. 


START UP

startup company or startup is a company, a partnership or temporary organization designed to search for a repeatable and scalable business model. These companies, generally newly created, are in a phase of development and research for markets. The term became popular internationally during the dot-com bubble when a great number of dot-com companies were founded.


STRATEGIC ALLIANCE 

An ongoing relationship between two businesses in which they combine efforts for a specific purpose.


TRADEMARK

A form of legal protection for words, names, symbols, sounds, or colors that distinguish goods and services. Trademarks, unlike patents, can be renewed forever as long as they are being used in business. 


VENTURE CAPITAL (VC)

A form of financing for a company in which the business gives up partial ownership and control of the business in exchange for capital over a limited time frame, usually 3-5 years. Investments typically range from $500,000 to $5 million., although there are occasionally VC investments for as low as $50,000 or as high as $20 million.