ENT 500 Chapter Notes - Chapter 1: Takers, Chip Wilson, Independent Business

• School: Ryerson University
• Department: Entrepreneurship and Strategy
• Course: ENT 500
• Professor: Knud Jensen

Document Summary

Entrepreneurial opportunity - an economically attractive and timely opportunity that creates val- ue for interested buyers or end users. Entrepreneurs are frequently thought out to be individuals who discover market needs and launch new firms to meet those needs. Provide impetus for change innovation progress in economic life. While trying to mitigate risk in pursuit of a new venture opportunity. Entrepreneur - a person who launches, builds, and/or operates a business. Includes second generation operates of family owned firms, franchises, and owner managers who have bought out the founders of existing firms. Excludes salaried managers of larger corpo- rations ex. Chip wilson of lululemon, or clive beddoc of westjet. Definition of small business: financing of the business is supplied by one individual or a small group. Desire to making their own deci- sions as primary motivator for canadians starting their own business.