MGTA01H3 Lecture Notes - Lecture 9: Risk-Seeking, Canadian Business, Sole Proprietorship
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MGTA01H3 Full Course Notes
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Immigrants to canada packed up lives, belongings, families, to improve economic well-being. Immigrants have: high need for achievement, internal locus of control, willingness to take risks, and confidence. Entrepreneurs older than employees: typical canadian employee: 34, typical canadian entrepreneur: 42, why: it takes experience , confidence, contacts and money to start a business, average age of starters: is increasing. : men have testosterone and are more arrogant and get excited easily. Chapter 7: remember: entreprenuers are not risk seeking but they are risk tolerant, entreprenuers have internal locus. Business plan: the document that lays out, all you need to do, all that has to happen, how much money you will need. Business plan: audience 1: the entrepreneur him/herself, plan lays out all facts, assumptions, tasks, resources needed, timelines, and etc. Sole proprietorship: most common form of ownership, easiest way to form a business. Some you are sole proprietors: examples, shoveling snow, tutoring students, a business owned by 1 person.
