Topic 2 (Chapter 3) Entrepreneurship, New Ventures, and Business Ownership

  1. Definition:

Niche

First-mover advantage

Established Market

Business plan

Entrepreneurship

Corporate Governance

Entrepreneur

Small business

  1. The Importance of Small Business to the Economy

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  1. Entrepreneurial Characteristics

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  1. Starting the Small Business

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  1. Financing a Small Business

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  1. Trends in Small-Business Start-Ups

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  1. Reasons for Failure

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  1. Reasons for Success

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  1. Business Ownership

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  1. Types of Corporations

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  1. Corporate Governance

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  1. Special Issues in Corporate Ownership

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