GMGT 1010 Lecture Notes - Lecture 84: Small Business

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

Document Summary

Could ask for a large portion of stake less control. Angel investors: private individuals who invest their own money in potentially hot new companies before they go public. There are many information sources for financing government grants and programs. Obtaining money from banks, vcs, and government sources can be a challenge for most small businesses. Your success in running a business depends on many factors: your customers, managing your employees, and keeping efficient records. One of the most important elements of small business success is knowing the market. Market: people with unsatisfied wants and needs who have both the resources and the willingness to buy. The way to meet your customers needs is to offer top quality at a fair price with great service. It is not enough to get customers - you have to keep them. Everything must be geared to bring the customers the satisfaction they deserve.