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CstM 301 - Management & Organization

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

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  1. CstM 301 - Management & Organization entrepreneurship & new ventures

  2. 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

  3. 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

  4. social enterprise…

  5. getting started… • franchise • startup • lean startup

  6. internet entrepreneurship… • advertising model • subscription model • intermediary model • transaction model

  7. family businesses… • advantages • work with family • legacy • shared values & goals • disadvantages • work with family • succession planning • values & goals change

  8. why small businesses fail…

  9. small business development… • business incubators • small business development centers

  10. new venture creation… • life cycle of entrepreneurial firms

  11. 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

  12. 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

  13. ownership types… • sole proprietorship • partnership • corporation • limited liability corporation

  14. financing options… • debt financing • equity financing • venture capital • initial public offering • angel investor

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