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13 Cards in this Set
- Front
- Back
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Classic entreprenuer
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Person who identifies a business opportunity and allocate available resources to tap that market
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Serial entreprenuer
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Person who starts one business runs it and then starts and runs additional businesses in succession
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Social entreprenuer
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Person who recognizes societal problems and uses business principles to develop innovative solutions
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why people become entrepreneurs
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To be their own boss , to financially succeed, for job security, and for improved quality of life
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Lifestyle entreprenuer
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Person who starts a business to reduce work hours and create a more relaxed lifestyle
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Factors supporting and expanding opportunities for entrepreneurs
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Globalization, education, demographic and economic trends, and information technology
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8 characteristics of entrepreneurs
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Vision, high energy level, need to achieve, self confidence and optimism, tolerance for failure, creativity, tolerance for ambiguity, internal locus of control
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Seed capital
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Initial funding needed to launch a new venture
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Debt financing
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Borrowed funds that entrepreneurs must repay
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Equity financing
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Funds invested in new ventures in exchange for part ownership
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Venture capitalist
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Business firms are groups of individuals that invest in new and growing firms in exchange for an ownership share
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Angel investors
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Wealthy individuals who invest directly in a new venture in exchange for an equity stake
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Intrapreneurship
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Process of promoting innovation within the structure of an existing organisation
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