BMGT 110 Chapter Notes - Chapter 6: Small Business Administration, Affiliate Marketing, Business Plan

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 110
• Professor: Howard Frank

Document Summary

Enterpreneurship - accepting the risk of starting and running a business. Action-oriented - burning desire to realize, actualize and build your dream into. You might have a business idea that is a good oportunity 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 profit. You can get your product or service to customers before your window of opportunity closes(similar solution comes out) Entrepreneurial team - a group of experienced people from different areas of business who join to form a managerial team with the skills to develop make and market a new product. Micropreneours - entrepreneurs willing to accept the risk of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle.