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