BUSN 1101 Chapter Notes - Chapter 1: Small Business Administration, Due Diligence, Lifestyle Home

• School: Northeastern University
• Department: Business Administration
• Course: BUSN 1101
• Professor: Kinnunen Raymond

Document Summary

Small businesses must have less than 500 employess. Standard revenue for a small business is 7. 5 million. Small businesses provide 52. 6 percent of all retail sales in the u. s. Five common legal structures businesses can take. Lifestyle entrepreneurs look for more than potential profit from starting a business instead look for the freedom of owning their own business. Micropreneurs start their own businessbut are satisfied with keeping their businesses small in an effort to achieve a balanced lifestyle. Home based entrepreneurs are entrepreneurs that run their business out of their homes. Internet entrepreneurs creates businesses that operate solely online. Growth entrepreneurs strive to create fast growing business and look forward to expansion. Intrapreneurs employees who work in an entrepreneurial way within an organizational environment. Social entrepreneurs set out to create innovative solutions in the social sector. Social intrapreneurs build and develop ventures within a company that designed to identify and solve large-scale social problems.