BUS 082 Lecture Notes - Lecture 17: Arthur Fry, Cover Letter, Elevator Pitch

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 082
• Professor: gradin

Document Summary

Entrepreneurial team consists of people with complementary talents and skills. Increase the mix of skills and knowledge. Can do more work than an individual. Increases future collaboration and cooperation across departments as the business grows. Micropreneurs strive for a comfortable lifestyle (not necessarily growth and lots of money) Often homebased (maybe out of necessity after getting fired) To stay on top and continue to innovate is a major challenge for big, established companies. Self employment assistance (sea program (collect unemployment while starting a new business) Startup america (joint venture with private sector) A detailed written statement that describes the nature of the business, the target market, the advantages the business will have over competition, and the resources and owners qualifications. A business plan forces potential owners to be specific about what they will offer. A business plan is mandatory for talking with bankers or investors. A good plan takes a long time to prepare.