introduction to entrepreneurship
February 7, 2005 (as amended)

the entrepreneurial process (Silver, 1985)

  1. identify problem
  2. create solution
  3. plan business
  4. select team
  5. test market
  6. raise capital
  7. build business

problem formulation (Silver, 1985)

  1. pick a problem
  2. index its aspects
  3. apply skills to fix it

assessing opportunities

tools for measuring opportunities

sources of financing

Other points:

customer financing

operating expenses

pricing strategies

growth strategies

maintenance strategies

exit strategies

mistakes made

valuing companies

attributes of entrepreneurial companies


ways got ahead

DO: (Gordon, 2003)

DON'T: (Gordon, 2003)