AFM131 Lecture Notes - Lecture 5: Microsoft Powerpoint, Business Plan, Micro-Enterprise

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Bob Sproule

Document Summary

Entreprendre to undertake to start a business. Innovation: new products, new production methods, new markets and new forms organisations. Why do people start their own businesses: new idea, process or product. Sme (small to mid-sized enterprises): all businesses with few then 500 employees. 1 million women will own businesses by 2010. Why: financial need, lack of promotion opportunities, women returning to the workforce, family and personal responsibility, public awareness of women in business, part-time occupations, higher success rate of women. 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 (combine creative skills with production and marketing skills) Micro-enterprise: fewer than 5 employees: owned my micropreneurs. Why: computer technology can act like big companies even though they are home-based, corporate downsizing, change in social attitudes more accepted.