ENT 526 Study Guide - Midterm Guide: Customer Development, Joseph Schumpeter, Cash Flow

• School: Ryerson University
• Department: Entrepreneurship and Strategy
• Course: ENT 526
• Professor: Agostino Menna

Document Summary

Categories of small business start-ups: entrepreneurs creators of new possibilities, identifiers of potential opportunities, small business owners franchises, small mom & pop operations, the self-employed painters, electricians, hair salons. Falling cost of tech entrepreneurs launching product: 99% reduction from 1995 to 2010. Start-ups defined: a start-up is an organization formed to search for a repeatable and scalable business model, after finding product/market fit, and before scaling, does a start-up stop being a start-up, sme"s aren"t necessarily start-ups. Locus of control: science of human resilience ability to adapt well to stress, adversity, trauma or. Problem solution fit, proposed mvp, proposed funnels: customer validation. Product market fit, business model, sales and marketing roadmap: customer creation. The changing process: week 3 slide 78. Implication for canada natural resources. : we cannot sustain our high standard of living by merely exporting our, countries with no natural resources are in fact, better positioned to create new wealth because they are forced to innovate.