MGST 217 Chapter 6:

• School: University of Calgary
• Department: Management Studies
• Course: MGST 217
• Professor: Cameron Neil Welsh

Document Summary

Entrepreneurs: people with vision, drive, and creativity who are willing to take the risk of starting and managing a business to make a profit or greatly changing the scope and direction of an existing company. Entrepreneur or small-business owner: although entrepreneurs may be small-business owners, not all small-business owners are entrepreneurs, small-business owners are managers, or people with technical expertise, who started a business and made a conscious decision to stay small. Types of entrepreneurs: classic entrepreneurs, accept risks that come with starting their own companies, some classic entrepreneurs are micropreneurs who start small and plan to stay small, often start business for personal satisfaction and lifestyle. In contrast, growth-oriented entrepreneurs want their businesses to grow into major corporations: multipreneurs, multipreneurs or serial entrepreneurs are entrepreneurs who start a series of companies, thrive on the challenge of building a company and watching it grow.