MGMT 473 - W. oman O. wned B. usiness M. inority O. wned B....

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MGMT 473 Ch. 1 Customer, communication are 2 most important words for entrepreneurs Entrepreneur: have an idea, do something with the idea, to create a business with scarce resources Must have passion/desire/drive 3 ways entrepreneurs are needed o inventors / innovators o government giving space for tax increase o CEO’s expanding Intrapreneurship o Business started in a company that already exist Entrpreneur’s got their big boom start around 1980 Minority must own at least 51% Law says that minority owned businesses must have fair business
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Unformatted text preview: W. oman O. wned B. usiness M. inority O. wned B. usiness Ch. 2 Hire people that are similar, that are smarter than you Independence is a big time characteristic for becoming entre. Bootstrapping/ dont have to have much money to start business Bigger the risk does not equal a bigger reward Business plan is not required for success Mentors are important because they tell entre. What they dont want to hear...
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MGMT 473 - W. oman O. wned B. usiness M. inority O. wned B....

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