COMMERCE 1E03 Chapter 7: Chapter 7 – Entrepreneurship and Starting a Small Business.docx
7 Mar 2012
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Chapter 7 entrepreneurship and starting a small business. Entrepreneurship: accepting the challenge o starting and running a business. Originates from the french word, entreprendre meaning to undertake . Some reasons may include unexpected structural unemployment, a sudden inheritance that allows them to try something different, a change in health that forces a career path adjustment, a change in family responsibility or even disliking a supervisor. New idea, process or product some are driven by a firm belief that they can produce a better product or produce at a lower rate than someone. Immigrants some immigrants lack education, and other factors make it hard for them to find employment. Though they often have the drive and desire to succeed. Tolerant of uncertainty entrepreneurship is not for anyone squeamish or bent on security. Entrepreneurs don"t get their ideas from a flash of inspiration, the source of innovation is more like a flashlight.
