GMS 200 Chapter Notes - Chapter 5: Initial Public Offering, Business Plan, Angel Investor

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ricardo Reyes

Document Summary

Entrepreneurship: strategic thinking and risk-taking behavior that results in the creation of new opportunities for individuals and/or organizations. Entrepreneurs: risk-taking individuals who take actions to pursue opportunities and situations others may fial to recognize or may view as problems or threats. 1: seek independence and sense of mastery. Reasons for women and member of visible minorities becoming entrepreneurs: out of necessity (necessity-based entrepreneurship, gain economic independence, provide a pathway to career success that may be blocked otherwise. Common myths about entrepreneurs: are born, not made, gamblers, money is key to entrepreneurial success, have to be young, degree in business to be an entrepreneur. 48% of private labour force in small businesses: are established by, starting a new business, buying an existing business, buying and running a franchise. 85% of small business operate over the internet. Family businesses : owned and controlled by family members.