ENT 526 Lecture Notes - Lecture 3: Purple Cow, Customer Development, Average Revenue Per User
1 Feb 2016
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Entrepreneur - an entrepreneur is the person who destroys the existing economic order by introducing new products and services, by introducing new methods of production, by creating new forms of organization, or by exploiting new raw materials. Scalability: have one fixed cost, and profit off of it xxxxxx times. Internal locus of control: you believe you"re responsible for your own life. Creative destruction: new product makes all old products irrelevant. Timely (the market is ready) o: durable (will last long enough to generate roi) o o. Where can you look for great opportunities. Wikipedia"s uvp is that it is up to date, tis free, people can access it anywhere o. In entrepreneurship, as in any other profession, luck is where preparation and opportunity meet. The crucial ingredients for entrepreneurial success are a superb entrepreneur with a first rate management team and an excellent market opportunity.
