CEN 100 Lecture Notes - Lecture 1: Subject 13, Leonard Bosack, Kevin Systrom

• School: Ryerson University
• Department: Common Engineering
• Course: CEN 100
• Professor: Lamya Amleh

Document Summary

Entrepreneurship is the process of starting a new business that provide customer value. The entrepreneur develops the business model, acquires the human and other required resources, and is fully responsible for its success or failure. Individual who sees an opportunity that others do not and marshals the resources to exploit it. Someone who introduces something new (product or a process; or a service; market or a resource) of value to customers: raise the necessary capital, creates the new venture and assumes the control and risk of operation. What entrepreneurs do: give birth to new companies, create new jobs. In the usa start ups add 3m net new jobs annually (all net new jobs in usa. In canada start ups add 55k* new jobs (47% of all new jobs) Dmz start up"s created 2000 jobs in less than 5 years: create wealth to the society.