COMMERCE 1E03 Chapter Notes - Chapter 7: Angel Investor, Business Plan, Affiliate Marketing
28 Dec 2014
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Document Summary
Entrepreneurship is accepting the challenge of starting and running a business. (french word, entreprendre, to undertake ) Entrepreneurial ventures differ from small businesses in the following four ways: amount of wealth creation, speed of wealth creation, risk. Why entrepreneurship: new idea, process, or product. What does it take to be entrepreneur: self-directed, self-nurturing, action-oriented, highly energetic, tolerant of uncertainty, able to learn quickly. Significance emergence of female entrepreneurs: financial need, lack of promotion opportunities, women returning to the workforce, family and personal responsibility, public awareness of women in business, part time occupations, higher rate of success for women. 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, makes, and markets a new product. Micro-enterprise smallest of small businesses, often defined as having fewer than five employees.
