cstm 301 - management & organization entrepreneurship & new ventures
TRANSCRIPT
CstM 301 - Management & Organizationentrepreneurship & 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. 2. an employer of productive labor; contractor.
classic vs. serial
attitudes & characteristics…
social enterprise…
getting started…
internet entrepreneurship…
• advertising model
• subscription model
• intermediary model
• transaction model
family businesses…
why small businesses fail…
small business development…
• business incubators
• small business development centers
new venture creation…
• life cycle of entrepreneurial firms
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 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…
• sole proprietorship
• partnership
• corporation
• limited liability corporation
financing options…
• debt financing
• equity financing
• venture capital
• initial public offering
• angel investor