Term
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Definition
| People with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit or greatly changing the scope and direction of an existing company. |
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Term
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Definition
| Entrepreneurs who apply their creativity, vision, and risk taking within large corporations rather than starting companies of their own. |
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Term
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Definition
| A business that is independently managed, is owned by an individual or a small group of investors, is based locally, and is not a dominant company in its industry. |
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Term
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Definition
| A form of business financing consisting of borrowed funds that must be repaid with interest over a stated time period. |
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Term
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Definition
| A form of business financing consisting of funds raised through the sale of stock (i.e., ownership) in a business. |
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Term
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Definition
| Individual investors or groups of experienced investors who provide funding for start-up businesses. |
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Term
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Definition
| Financing obtained from investment companies that specialize in financing small, high-growth companies and receive an ownership interest and a voice in management in return for their money. |
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Term
| Business Development Bank of Canada (BDC) |
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Definition
| Bank that provides small and medium sized businesses with flexible financing, affordable consulting services, and venture capital. |
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