GMS 200 Lecture Notes - Lecture 5: Limited Partnership, Angel Investor, Venture Capital

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Franklin Ramsoomair

Document Summary

Entrepreneurship is a term used to describe the strategic thinking and risk-taking behaviour that result in the creaion of new opportuniies. An entrepreneur is a risk-taking individual who takes acion to pursue opportuniies others fail to recognize, or may even view as problems or threats. Successful entrepreneurs share something in common: they each built a successful long-term business from good ideas and hard work. A bunch of entrepreneurs see who franklin talks about. Anyone who takes the risk in buying a franchise, opening a small retail shop, or going into a self- employed service business is an entrepreneur. Entrepreneurs tend to share certain aitudes and personal characterisics; self-conident, determined, resilient, adaptable, and driven by excellence. Entrepreneurs are difereniated between those who are driven by the quest for new opportuniies and those who are driven by absolute need. Necessity-based entrepreneurship (driven by absolute need) takes place because other employment or career opions don"t exist.