SSH 301 Lecture Notes - Lecture 3: Mike Lazaridis, Frank Stronach, Ray Kroc
17 Oct 2017
School
Department
Course
Professor
Document Summary
Chapter 6: small business and entrepreneurship (economic rocket fuel) Launching a new venture: what"s in it for me: greater financial success, independence, flexibility, challenge, survival. Not every small business owner starts as an entrepreneur. More than 25% of entrepreneurs have no interest in growth. Classic entrepreneurs" ideas can change the economic landscape. Famous canadians: mike lazaridis, dennis wilson, jimmy pattison, frank stronach, lise. Finding the money: funding options for small business. Angel investors provide equity to new businesses (gives loans, expects 20-30% payback) Venture capital businesses that have already been estbalished, provides financing to these businesses. Preffered share; garuntee percentage of profits they get acesss to the shares first, before common share. Opportunities and threats for small business opportunities. Opportunities and threats for small business threats. Too little money cash needed to finance production. Your failure may be the first step of the next big thing:
