Chapter 5: Small Business, Entrepreneurship, and Franchises

a carefully constructed guide for the person starting a business

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

a person or organization purchasing a franchise

the actual granting of a franchise

an individual or organization granting a franchise

a group of businesspeople who volunteer their services to small businesses through the SBA

one that is independently owned and operated for profit and is not dominant in its field

a governmental agency that assists, counsels, and protects the interests of small businesses in the United States

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

groups of senior and graduate students in business administration who provide management counseling to small businesses

privately owned firms that provide venture capital to small enterprises that meet their investment standards

money that is invested in small (and sometimes struggling) firms that have the potential to become very successful