ENT 526 Chapter Notes - Chapter 1-5: Average Revenue Per User, Minimum Viable Product, Guy Kawasaki
5 Mar 2018
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Lecture: entrepreneurship & small business in canada, creative destruction, smes vs. Startups: characteristics of successful entrepreneurs (the 10 ds, history"s greatest entrepreneurs. Businesses with fewer employees are classified as small. A company with an annual growth rate of 20% or more as measured in sales revenue. The web is an example of creative destruction through many old industries (print newspapers, publishers etc) Many newspaper companies in the us closed down completely or shut down there printing. The underlying cause is the change in society brought about by the internet. The internet has devastated the north amerian print media business model, and publishers are groping for a new one. You must be 10 x cheaper, smaller, faster, and more efficient compared to current market trends to overcome and creatively destroy the incumbents. Example is e-mail, which destroyed mail because e-mail is 10 x. Twenty first economies angelo saon or social models. The timmons model: critical factors for starting a new business.
