RSM100Y1 Chapter Notes - Chapter 6: Social Entrepreneurship, Intrapreneurship, Angel Investor
Document Summary
Chapter 6 starting your own business: the entrepreneurship alternatives. Entrepreneur a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Entrepreneur is different from many small-business owners and managers: Small-business owners share the same drive, creative energy, and desire to succeed. Managers direct others to reach goals: plans, human resource limitations. One of the major goals for entrepreneur is expansion and growth, use the resources: employees, money, equipment, and facilities to accomplish their goals. Classic entrepreneur a person who sees a business opportunity and sets aside resources to gain access to that market. Serial entrepreneur a person who starts one business, runs it, and then starts and runs more businesses, one after another. Social entrepreneur a person who sees societal problems and uses business principles to develop new solutions. 6. 3 reasons to choose entrepreneurship as a career path. Some other factors include: public perception, financing , falling costs.
