COMMERCE 1E03 Chapter Notes - Chapter 7: Business Incubator, Business Plan, Crowdfunding
27 Jan 2018
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Document Summary
Entrepreneurship: accepting the challenge of starting and running a business. The difference between small businesses and entrepreneurship: amount of wealth creation, speed of wealth creation, risk. E(cid:454)a(cid:373)ples of e(cid:374)trepre(cid:374)eurships; ca(cid:374)adia(cid:374) tires, so(cid:271)e(cid:455)s, m(cid:272)mai(cid:374), leo(cid:374)"s. Independence: new idea, process, or product, challenge, family pattern, profit. What does it take to be an entrepreneur: self-directed, self-nurturing, action oriented, highly energetic, tolerant of uncertainty, able to learn quickly. A business idea that is a good opportunity if. Small and medium-sized enterprises (smes): refers to all businesses with fewer than 500 employees. Entrepreneurial team: 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. Affiliate marketing: an online marketing strategy in which a business rewards individuals or other businesses (affiliates) for each visitor or customer the affiliate sends to its website. Intrapreneurs: creative people who work as entrepreneurs within corporations.
