Download - CstM 301 - Management & Organization
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CstM 301 - Management & Organizationentrepreneurship & new ventures
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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
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attitudes & characteristics…
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social enterprise…
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getting started…
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internet entrepreneurship…
• advertising model
• subscription model
• intermediary model
• transaction model
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family businesses…
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why small businesses fail…
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small business development…
• business incubators
• small business development centers
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new venture creation…
• life cycle of entrepreneurial firms
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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
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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
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ownership types…
• sole proprietorship
• partnership
• corporation
• limited liability corporation
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financing options…
• debt financing
• equity financing
• venture capital
• initial public offering
• angel investor