MGT 353 Lecture 1: MGT253 class1

• School: University of Miami
• Department: Management
• Course: MGT 353
• Professor: Daniels Vincent

Document Summary

Venture capitalist: is the art of turning an idea into a business. : assemble and then integrate all the resources needed: the money, the people, the business model, the strategy. To transform an invention or an idea into a viable business. Conservative: take more wait and see posture . Myths about entrepreneurs: entrepreneurs are born, not made. No one is born to become an entrepreneur, everyone has the potential to become one. Whether someone becomes an entrepreneur is a function of the environment, lefe experiences and personal choices. Networker: entrepreneurs are gamblers, motivated primarily by money. Really for something more persona: should be young and energetic. It is not age oriented: love the spotlight. The vast majority of them do not attract public attention. Salary-substitute firm: provide the owner a similar level of income to what they would be earning in a conventional job. Lifestyle firm: provide owners the opportunity to peruse a particular lifestyle.