9-24-08 - Entrepreneurship I Review 9/24/08 How did he make...

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Entrepreneurship I – Review – 9/24/08 How did he make his fortune? Look at the main points from Chapter 4 in Timmons and Spinelli 6 MC 1 Bonus Essay is worth 4 points KNOW THE TIMMONS MODEL SCORE – Service Core Of Retired Executives SCORE information SBA Small Business Association – provides all sorts of help to would-be entrepreneurs o Work with score o Provide grants o Also have backup loans They will back up an entrepreneur when applying for a loan SWOT Analysis S – Strengths o Entrepreneur can control strengths W – Weaknesses o Entrepreneur can control weaknesses O – Opportunities o Opportunities are external – look for opportunities T – Threats o Watch out for threats KEY SKILLS: Computer skills WEAKNESSES OF NEW ENTREPRENEURS: Might lack experience Lack good/proper judgment
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CHAPTER 4 – Opportunities Focus point is: Dimensions or anchors of opportunities THINK BIG!!!!!!!!!!!!!!! If you can come up with something that can impact people’s lives in a meaningful
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This note was uploaded on 06/03/2009 for the course ECON 290 taught by Professor Goldenandallison during the Fall '08 term at Allegheny.

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9-24-08 - Entrepreneurship I Review 9/24/08 How did he make...

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