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CstM 301 - Management & Organization

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CstM 301 - Management & Organization. entrepreneurship & new ventures. entrepreneurship…. en·tre·pre·neur [ ahn-truh-pruh-noor ] - noun 1 . a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

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cstm 301 management organization

CstM 301 - Management & Organization

entrepreneurship & new ventures

entrepreneurship
entrepreneurship…

en·tre·pre·neur[ahn-truh-pruh-noor]

- noun

1. a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

2. an employer of productive labor; contractor.

classic vs. serial

attitudes characteristics
attitudes & characteristics…
  • internal locus of control
  • high energy level
  • high need for achievement
  • tolerance for ambiguity
  • self-confidence
  • passion & action oriented
  • self-reliant & independent
  • flexibility
  • personal experiences
  • personal interests
getting started
getting started…
  • franchise
              • startup
                • lean startup
internet entrepreneurship
internet entrepreneurship…
  • advertising model
  • subscription model
  • intermediary model
  • transaction model
family businesses
family businesses…
  • advantages
  • work with family
  • legacy
  • shared values & goals
  • disadvantages
  • work with family
  • succession planning
  • values & goals change
small business development
small business development…
  • business incubators
  • small business development centers
new venture creation
new venture creation…
  • life cycle of entrepreneurial firms
writing a business plan
writing a business plan…
  • why do it?
    • identify strengths & weaknesses
    • examine market potential
    • examine competition
    • mission, goals & objectives
    • identify capital & operating expenses
    • communication with lenders & investors
writing a business plan1
writing a business plan…
  • what is it?
    • executive summary
    • industry analysis
    • company description
    • products & services description
    • market description
    • marketing strategy
    • operations description
    • staffing description
    • financial projection
    • capital needs
    • milestones
ownership types
ownership types…
  • sole proprietorship
  • partnership
  • corporation
  • limited liability corporation
financing options
financing options…
  • debt financing
  • equity financing
  • venture capital
  • initial public offering
  • angel investor
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