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18 Cards in this Set
- Front
- Back
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Entreprenurhsip |
risk takeing behavior that results in new opportunities |
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classic entreprenurship |
purses opportunities others view as problems |
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serial entrepreneurship |
starts and runs business and non profits and over agian |
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first mover advantage |
first to exploit a niche or enter a market |
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Who are the entrepreneurs |
flexible, passion and action orientation, internal focus of control, high energy level, self confidence, tolerance for ambiguity, high need for achievement, self-reliance and desire for independence. |
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necessity-based entreprenurship |
people start a business because no other employment opportunities exist |
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social entrepreurship |
unique form of ethical entrepreneurship that seeks new ways to solve pressing social problems |
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franchise |
one business owner sells to another the right to operate the same business in another location |
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business model |
plans for making a profit by generating revenues that are greater than cost |
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startup |
new and temporary venture that is trying to establish a profitable business model |
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lean startups |
use open source software ans free web services to contain costs while staying small and keeping operations simple |
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corporation |
legal entity that exists separately from its owners |
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limited liability corporation |
combined of sole proprietorship, partnership, |
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debt financing |
involves borrowing money from another person, a bank, or a financial institution |
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equity financing |
involves exchanging ownership shares for outside investment |
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venture capitalist |
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angel investor |
wealthy individual willing to invest in return for equity in a new venture |
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initial public offering |
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