[BUSI 1001] - Midterm Exam Guide - Comprehensive Notes for the exam (15 pages long!)
7 Feb 2017
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Entrepreneurs: a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Differ from many small-business owners in their strong desire to make their business grow. Differ from managers through their overriding responsibility to use the resources od the organization to accomplish their goals. Willing to take risks: categories of entrepreneur, serial entrepreneurs. Somebody who does it over and over again a. Starter a co-chairman of bill and melinda. In average moth, canadians start approximately 23,000 new businesses. 63% of all small business are operated. Resources-means anything the firm uses to do business. Customers wanting product- often a niche or focused customer group. Often requires a focus to the business so that everything is dedicated and concentrated on the very carefully chosen customer group you have identified: globalization. The rapid globalization of business has created many opportunities for entrepreneurs.
