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ENTR 3P96 (3)
Lecture

Lecture #2

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Department
Entrepreneurship
Course
ENTR 3P96
Professor
Dirk De Clercq
Semester
Winter

Description
ENTR 3P96 January 11 2012SOURCES OF ENTREPRENEURIAL OPPORTUNITIES 12 Inc 500 success is due to extraordinary idea 88 due to exceptional execution of ordinary idea Trends suggesting entrepreneurial innovations societal changes demographic changes technological changes crises and bubblesCirque du Soleilniche marketuniquenessacrobaticcreative destruction ShumpeterEFINANCE PRINCIPLE 1 Real human and financial capital must be rented from ownersMoney has owners and therefore costs time value risk Expect to provide a return or the venture will not survive in a market economyrisk and certainty go hand in hand time is money if entrepreneur able to give himself a salary showing that at least you do not
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