RSM100Y1 Lecture Notes - Lecture 7: Airbnb, Venture Capital, Institute For Operations Research And The Management Sciences
Document Summary
The term entrepreneurship has come to mean several different things. Desire for job security- in one way you actually have less but as an entrepreneur you are more stable since you won"t fire yourself. Desire for an improved quality of life: more money, on average an entrepreneur spends more time working however. We often measure quality of life by 32381 but need to consider other things. Size: small businesses remain small, new entrepreneurial ventures are small now, but are expected to grow rapidly, going forward. Age: small businesses may have been that way for many years, even generations, as entrepreneurial ventures age, they grow-up. Growth goals: small businesses are not expected to grow significantly may have growth potential, but owners unwilling to take required steps for growth. Because growth is a priority for entrepreneurs, founders will often sell a stake in the business to investors (and give up some control) fuel growth. Size age and growth: david birch"s model.
