ENT 526 Chapter Notes - Chapter 1-5: Crowdfunding, Business Model Canvas, Average Revenue Per User
5 Mar 2018
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Entrepreneur unmet need, i will solve the problem, about doing. 10 x in order to have creative destruction. Timely (the market is ready), durable (will last long enough to generate roi), attractive (huge profit potential) , customer centric (solves a real pain) Start up an organization formed to search for a repeatable and scalable business mode. Temp organization that is trying to find a business model. Stops being a start up when it knows/finds a business model. Internal locus of control blame yourself for your successes and failures. Post facto successful entrepreneurs only see success looking backwards. High adversity quotients how many times a person can be kicked down and still get back up. Scalability the ability for a company to grow exponentially while keeping fixed costs relatively stable. Sme small medium enterprise / already understands business model (business model is how you make money) Process through which something new destroys the old product or service that existed before it.
