GMGT 1010 Lecture 78: GMGT 1010 Lecture 78

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

If your idea doe not meet anyone else"s needs, the business will not succeed. You may have a business idea that is a good opportunity if: You have the skills and resources to start a business. You can sell the product or service at a price customers are willing and able to pay and still make a profit. You can get your product or service to customers before your window of opportunity closes (before competitors with similar solutions beat you to the marketplace) Late 1970"s large number of women who have gone into business for themselves. Reasons for the significant emergence of female entrepreneurs: Women returning to the workforce: family and personal responsibility. Public awareness of women in business o part-time occupations: higher rate of success for women. Entrepreneurial team: a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make and market a new product.