BUSI 1600 Lecture Notes - Lecture 2: Personal Network
21 Feb 2017
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Identify amount/quality of resources this opportunity requires: financial capital. If there are no financial capitals, may be hard to estimate: can provide rough but useful indication of scale of resources. Differentiating between ventures that cost different amounts of money: commitment, some require more than others. Helpful to consider how many years of education/experience would be needed: categorize as low, moderate, high, provide support for each choice. May be a perfect opportunity, but if person has no knowledge/interest, not a good opportunity for them. Interest will have a strong influence on how committed they are to business: a lot of commitment is necessary if one is to persevere against all setbacks, passio(cid:374)ate a(cid:271)out it (cid:373)ea(cid:374)s you"ll spe(cid:374)d (cid:373)ore ti(cid:373)e doi(cid:374)g it (cid:449)illi(cid:374)gly. Also, has time to recover: number & age of any dependents involved, amount of personal indebtedness, personal net worth, etc, human capital, any relevant knowledge and skills person may have, acquired through education or experience.
