company, an open complex system that through the use of available resources transfrom inputs into outputs, partnership, a voluntary association of 2 or more persons to act as co-workers for profit, share, document representing fractional ownership and participation in the equity capital+established a legal relationship between the issuer and investor, dividend, a portion of company's earnings distributed to shareholders, bond, a contract where the issuer undertakes and later rerutn the capital and pays coupons, entrepreneur, a person who identifies an opportunity, takes the initiatives to create a business or venture and assume the generate value and profit, business plan, a guide for the person to start a business, franchise, a license to operate an individually owned business as though it was part of a chain of outlets or stores, franchisor, an individual or organisation granting a franchise, franchisee, a person or organisation purchasing a franchise, dual branded franchises, 2 franchisors offer their products together, angel investors, wealthy individuals who provide capital to new companies, venture capitalists, firms who raise money from investors and then invest them in new firms, SBIC, privately owned firms that provide venture capital to small enterprises that meet investment standards, debt financing, a type of financing requiring to repay the invested amount at a later date, crowfunding, fundraising method that allows individuals, startups and nonprofits to collect small contributions from a large number of people, unicorn, a privately held startup company with a value of over 1 billion

Chapters 9-10

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