RSM100Y1 Chapter Notes - Chapter 6: Elon Musk, Jim Pattison, Startup Company
Document Summary
Chapter 6 - starting your own business: the entrepreneurship. Entrepreneur: someone who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Classic entrepreneurs: someone who sees a business opportunity and sets aside resources to gain access to that market. Serial entrepreneurs: someone who starts one business, runs it, and then starts and runs more businesses, one after another. Elon musk: founder of paypal, tesla, solar city, spacex. Social entrepreneurs: someone who sees societal problems and uses business principles to develop new solutions. 7 indian women set up a women"s cooperative to market crackers. Reasons to choose entrepreneurship as a career path. Engaging in most of the communications related to your business. Specific goal of becoming rich / financially successful. Lifestyle entrepreneur: someone who starts a business to reduce work hours and create a more relaxed lifestyle. Zhena muzkya, founder of gypsy tea w/ a young son who needed operations for kidney disease.
