Textbook Notes (368,775)
Canada (162,159)
ENTR 3P96 (4)
Chapter 1

Chapter 1

5 Pages
Unlock Document

Dirk De Clercq

CHAPTER 1Learning Objectives characterize the entrepreneurial processdescribe entrepreneurship and some characteristics of entrepreneursindicate three megatrends providing waves of entrepreneurial opportunitieslist and describe the seven principles of entrepreneurial financediscuss entrepreneurial finance and the role of the financial managerdescribe the various stages of a successful ventures life cycleidentify by life cycle the relevant types of financing and investorsunderstand the life cycle approach used in the textbookThe Entrepreneurial Process Processdeveloping opportunitiesgathering resourcesmanaging and building operations Goalcreating valueEntrepreneurshipprocess of changing ideas into commercial opportunities and creating value Entrepreneurindividual who thinks reasons and acts to convert ideas into commercial opportunities and to create valueEntrepreneurial Traits or Characteristics A successful entrepreneursees and seizes a commercial opportunitytends to be doggedly optimistic perhaps even to a faultplans to obtain the physical financial and human resources needed for the venture to succeedNonEntrepreneurial Traits or Characteristics Success is unlikely if youare seldom able to see an opportunity until it ceases to be one Mark Twainview the glass as being half empty instead of halffull unknownare paralyzed by a fear of failureSources of Entrepreneurial Opportunities Research J Case Suggests 12 Inc 500 success is due to extraordinary idea 88 due to exceptional execution of ordinary idea Trends suggesting entrepreneurial innovations societal changes demographic changes technological changes crises and bubbles
More Less

Related notes for ENTR 3P96

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.