Strategic Management For Small Business

Samyak Veera

Becoming an Entrepreneur

Samyak Veera

Identify characteristics of successful entrepreneurs.

Recognize the importance of entrepreneurship in the economy.

Describe opportunities and risks of entrepreneurship.

What Does it Take?

Samyak Veera

Not all business owners and managers are entrepreneurs.

Entrepreneurs have unique skills and personal characteristics.

Entrepreneurs Are More

Samyak Veera

Persistent Inquisitive Energetic Goal-oriented Independent Self-confident Creative Reliable Competitive

Entrepreneurs Have

Samyak Veera

Problem-solving skills Tolerance for ambiguity Strong integrity Personal initiative Ability to secure resources Capability to learn from failure Willingness to work hard

Financing The Small Business

Samyak Veera

Types of financing1. Start-up financing2. Short-term financing3. Long-term financing Sources of financing1. Owner-supplied funds2. Borrowed funds

Samyak Veera