...(Marlin Capital) and Alok Prasad (Pittiglio, Rabin, Todd & McGrath) under the direction of Kenneth P. Morse and Matthew Utterback of the MIT Sloan School and Howard Stevenson and Michael Roberts, of the Harvard Business School. �2000 MIT Entrepreneurship Center Executive Summary Angel investors are an important and growing source of financing for the start-up and initial growth phases of technology ventures. This study focused on high net worth angel investors with entrepreneurial backgrounds. Many of these angels invest in first time entrepreneurs before the entrepreneurs secure venture capital financing. Besides earning a strong return on their investment, these experienced angels are motivated to “give back” to the community which helped make them successful. Very little published data is available on angel investing and little research has been done on the experienced angel investor. It may be valuable for first time entrepreneurs, venture capitalists, regulators and other members of the venture community to understand, leverage and support this growing class of experienced angel investors. This study introduces and defines the experienced angel investor, outlines the angel investing process, discusses the rise of organized angel groups, and provides advice for high net worth individuals aspiring to become angel investors. The intended...
Words: 3779 - Pages: 16
...Quiz Chapter 1-1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Which of the following is NOT a basic economic question? |a. |WHAT to produce |c. |WHEN to produce | |b. |FOR WHOM to produce |d. |HOW to produce | ____ 2. What is the fundamental problem of economics? |a. |Scarcity |c. |capital | |b. |the factors of production |d. |labor | ____ 3. Which of the following lists the four factors of production? |a. |land, labor, wants, entrepreneurs |c. |land, labor, capital, scarcity | |b. |labor, needs, capital, entrepreneurs |d. |land, labor, capital, entrepreneurs | ____ 4. Which of the following is NOT a capital good? |a. |a bulldozer at a construction site | |b. |an oven at a bakery | |c. |a cash register at a clothing store ...
Words: 913 - Pages: 4
...TABLE OF CONTENT COVER PAGE TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENT CHAPTER ONE INTRODUCTION 1. BACKGROUND OF THE STUDY 2. STATEMENT OF THE PROBLEM 3. PURPOSE OF THE STUDY 4. SCOPE OF THE STUDY 5. RESEARCH QUESTIONS 6. RESEARCH HYPOTHESIS 7. SIGNIFICANCE OF THE STUDY 8. LIMITATIONS OF THE STUDY 9. DEFINITION OF TERMS. REFERENCES CHAPTER TWO REVIEW OF RELATED LITERATURE 2.1 MEANING AND CONCEPT OF ENTREPRENEURSHIP 2.2 HISTROY OF ENTREPRENUERIAL DEVELOPMENT IN NIGERIA. 2.3 ECONOMIC EFFECT OF ENTREPRENUERSHIP IN NIGERIA. 2.4 IMPACT OF ENTREPRENEURIAL DEVELOPMENT IN EBONYI STATE REFERENCES CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY 3:1 RESEARCH DESIGN 2. AREA OF THE STUDY 3. POPULATION OF THE STUDY 4. SAMPLE AND SAMPLING 3.5 INSTRUMENT OF DATA COLLECTION 3.6 VALIDATIION OF INSTRUMENT 7. RELIABILITY OF THE INSTRUMENT 8. METHOD OF DATA COLLECTION 9. METHOD OF DATA COLLECTION REFERENCES CHAPTER FOUR 4.1 DATA PRESENTATION AND ANALYSIS 4.2 TESTING OF HYPOTHESIS 4.3 SUMMARY OF RESULTS CHAPTER FIVE DISCUSSION OF RESULTS AND FINDINGS 5.1 SUMMARY OF FINDINGS 2. CONCLUSION 5.3 IMPLICATION OF THE RESEARCH FINDINGS 5.4 RECOMMENDATION 5.5 SUGGESTION FOR THE RESEARCH BIBLIOGRAPHY APPENDIX CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The worldwide economic depression of the early 80’s caused a rapid deterioration of the Nigeria economy. The...
Words: 2102 - Pages: 9
...development requires sustainable and shared increases in per capita income accompanied by changes in the structural composition of an economy towards higher value added goods and more efficient production methods. Entrepreneurs can contribute to economic development by facilitating the reallocation of resources from less to more productive uses (Acs and Storey 2004), by performing ‘cost-discovery’, ‘gap-filling’, and ‘input-completing’ functions in the economy (Leibenstein 1968; Hausmann and Rodrik 2003) and by supporting structural change (Lewis 1954; Gries and Naudé 2010). These roles have recently been the subject of a growing literature (see e.g. Minniti and Naudé 2010; Naudé 2010a, 2010b, 2010c). A neglected function in this literature is the potential role of entrepreneurs as innovators in developing countries. Joseph Schumpeter pointed out a century ago that entrepreneurs are often innovators, bringing new goods and technologies to markets, opening up new markets, processes, and ideas, and commercializing new knowledge. But, it is often mistakenly suggested that innovation by entrepreneurs is less important for growth in low-income developing countries than in more advanced economies.1 A substantial literature has been devoted to understanding the conditions under which entrepreneurs innovate, and the nature and evolution of national systems of innovation (see e.g. Lundvall 1992; Nelson 1993). By and large, however, this literature has been concerned with the process of innovation and...
Words: 12560 - Pages: 51
...Chapter 1: What is Economics? Section 1 Key Terms • need: something essential for survival • want: something that people desire but that is not necessary for survival • goods: the physical objects that someone produces • services: the actions or activities that one person performs for another • scarcity: the principle that limited amounts of goods and services are available to meet unlimited wants Chapter 1, Section 1 Copyright © Pearson Education, Inc. Slide 2 Key Terms, cont. • economics: the study of how people seek to satisfy their needs and wants by making choices • shortage: a situation in which consumers want more of a good or service than producers are willing to make available at particular prices • entrepreneur: a person who decides how to combine resources to create goods and services • factors of production: the resources that are used to make goods and services Chapter 1, Section 1 Copyright © Pearson Education, Inc. Slide 3 Key Terms, cont. • land: all natural resources used to produce goods and services • labor: the effort people devote to tasks for which they are paid • capital: any human-made resource that is used to produce other goods and services • physical capital: the human-made objects used to create other goods and services • human capital: the knowledge and skills a worker gains through education and experience Chapter 1, Section 1 Copyright © Pearson Education, Inc. Slide 4 Chapter 1...
Words: 853 - Pages: 4
...Numeracy Advancing Education in Quantitative Literacy Volume 7 | Issue 1 Article 8 1-2-2014 Review of Financial Intelligence for Entrepreneurs: What You Really Need to Know about the Numbers by Karen Berman and Joe Knight, with John Case. H. L. Vacher University of South Florida, vacher@usf.edu Recommended Citation Vacher, H. L. (2014) "Review of Financial Intelligence for Entrepreneurs: What You Really Need to Know about the Numbers by Karen Berman and Joe Knight, with John Case.," Numeracy: Vol. 7: Iss. 1, Article 8. DOI: http://dx.doi.org/10.5038/1936-4660.7.1.8 Available at: http://scholarcommons.usf.edu/numeracy/vol7/iss1/art8 Authors retain copyright of their material under a Creative Commons Non-Commercial Attribution 4.0 License. Review of Financial Intelligence for Entrepreneurs: What You Really Need to Know about the Numbers by Karen Berman and Joe Knight, with John Case. Abstract Berman, Karen and Knight, Joe, with John Case. Financial Intelligence for Entrepreneurs: What You Really Need to Know about the Numbers, (Boston MA: Harvard Business Press, 2008). 285 pp. ISBN 978-1-4221-1915-0. From “The art of finance (and why it matters)” (Part One) through “Creating a financially intelligent company” (Part Eight), Financial Intelligence for Entrepreneurs is an engaging explanation and appreciation of financial statements and financial ratios. Short, easily digested chapters; just-in-time boxes to introduce terminology; easy, direct, in-text calculations...
Words: 4002 - Pages: 17
...Content page 5 (plus 14 to get pdf page) Chapter 1: 23 - 32 Chapter 3 48 - 56 49 infancy, adolescence and maturity To spot infancy, owner and the business are one and same thing 52 bottom 53 it’s only a problem … day-to-day basis 54 bottom Chapter 4: Adolescence 60 mgmt by abdication rather than delegation 64 middle. You’re hopelessly and helplessly at a loss… can add to your business Chapter 5 65 technician, manager, entrepreneur’s boundary 66 Harry handle the Technician’s work and needed the manager which the owner’s need to provide by stepping out of his comfort zone 68 (getting small, you don’t own a business, you own a job) 76 bottom Chapter 6 83 the success of the business determined by the way it started? If it has entrepreneur perspective existed? 85 differences between entrepreneur and technician perspectives of the business 87 the entrepreneur success to see a model of a business that fulfill perceived needs of a specific segment of customers in an innovative way More to do with how it’s done in business and the way it’s delivered 88 has clear picture of the customer for whom the business is to be created Business created by the technician satisfy the technician his/herself rather than the customer (self-related) Customers are opportunities to entrepreneur filled with wants to be satisfied, are problem to technician Chapter 7 99 Ray Kroc went to work on his business, not in it 103 the success of each McDonald can achieve while...
Words: 635 - Pages: 3
...Thema: „Implementation of a MEL-structured organization in an entrepreneur-leaded company with the aspect of Greiners model of organization growth" Prüfer: Prof. Dr. Heidi Hohensohn Table of content Declaration of honour ....................................................................................... II Table of content................................................................................................ III List of abbreviations ........................................................................................ IV 1. Introduction ................................................................................................... 1 1.1 Purpose of the study ........................................................................................... 1 1.2 Methodology ........................................................................................................ 2 2. Basic information .......................................................................................... 2 2.1 Definitions ........................................................................................................... 2 2.1.1 Managers ....................................................................................................... 2 2.1.2 Entrepreneurs ................................................................................................. 3 2.1.3 Leaders ............................................................................................
Words: 4327 - Pages: 18
...CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The need to incorporate in our system the need to be technologically self-reliant cannot be over-emphasized. The first step is to develop our human and natural resources, thus increasing our per capital income. In the past Seven years, or more, especially during the administration of Ibrahim Babangida, Nigeria has constantly pursued an economic policy that is geared towards self-reliance for the individual as show by such programmes as the National Directorate of Employment (NDE) which is a graduate assistance scheme aimed at helping young school leavers to acquire necessary skills and funds that will help them to start their own business, other programmes with such mission include the people bank, Family Economic Advancement Programme (FEAP) and Nigerian Association of Small-scale Industrialists (NASSI). The entrepreneur and his activities forms an integral part in the development of our economy. At this point, it becomes pertinent to define who is an entrepreneur and why we are having an insight into his plight to actualize the aims and objectives of its existence. Nwana, L.E. (1995:32) defined an entrepreneur as an individual who is willing and able to take business risks for gainful purpose”. Despite the aspirations of many, only a few people in this country and indeed Enugu our place of concentration has carried out their intention of having business established by them. Studies have been shown that 90% of these...
Words: 1563 - Pages: 7
...CHAPTER ONE INTRODUCTION CHAPTER FOUR GENERATION OF SOME GOOD BUSINESS IDEAS AND IDENTIFICATION OF THE MOST USABLE OF THE IDEAS 4.1 LIST OF BUSINESSES, WHY THEY THRIVE, THEIR LAPSES AND WHAT I THINK CAN BE DONE. s/n | list of businesses | what makes the businesses thrive | List five (5) identified lapses | WHAT DO YOU THINK CAN BE DONE | 1. | Crude Tank Cleaning & Maintenance Services | * It renders the business of supplying advanced cleaning services as well as cleaning equipment and systems to all industries where cleaning tanks are a requirement. It doesn’t just supply cleaning nozzles, but offers state of the art engineering services and support that is needed for cleaning applications. | * Expensive nature of cleaning per cubic meter. * Harmful environmental impact. * Released wastes are harmful to the environment. * Immovable nature of cleaning equipments(they cannot be removed from site even after applications * Stressed working conditions (at most 2 operators in 7hr-shifts). | * a reduced cost of cleaning per-cubic meter. * minimized preparation and construction costs * On-site utilities & equipments will not be required. * improved working conditions with increased number of operators per shift * production of sellable by-products * reduction of environmental impact | 2. | Software Engineering And Maintenance | * With the offshoot of the information age, and the lack of widespread competitive...
Words: 2062 - Pages: 9
...Entrepreneurship Entrepreneurship is the act and art of being an entrepreneur or "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Startup Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations.[1] According to Paul Reynolds, entrepreneurship scholar and creator of the Global Entrepreneurship Monitor, "by the time they reach their retirement years, half of all working men in the United States probably have a period of self-employment of one or more years; one in four may have engaged in self-employment for six or more years. Participating in a new business creation is a common activity among U.S. workers over the course of their careers." [2] And in recent years has been documented by scholars such as David Audretsch to be a major driver of economic growth in both the United States and Western Europe. "As well, entrepreneurship may be defined as the pursuit of opportunity without regard to resources currently controlled...
Words: 6013 - Pages: 25
...Finance Date: 2011-5-29 Name: Martijn Verwijs1 (Anr: 272713) Thesis supervisor: Erik von Schedvin 1 Email: m.m.verwijs@uvt.nl Table of contents Chapter 1: Introduction of the problem..................................................................................................... 3 1.1 Problem background........................................................................................................................ 3 1.2 Research question ............................................................................................................................ 4 1.3 Empirical approach.......................................................................................................................... 4 1.4 Main Findings.................................................................................................................................. 5 1.5 Overview ......................................................................................................................................... 5 Chapter 2: Literature review ..................................................................................................................... 6 Chapter 3: Data overview ....................................................................................................................... 12 Chapter 4: Empirical setup ...................................................................................................................... 14 Bulgaria........
Words: 7432 - Pages: 30
...2 The Entrepreneurial Process "Who can be on entrepreneur you ask? Anyone who wants to experience the deep, dark canyons of uncertainly and ambiguity, and who wonts to walk the breathtaking highlands of success. But caution, do not plan to walk the Iotter until you hove experienced the former" An entrepreneur Results Expected Upon completion of this chapter you will have: l. Developed a definition of entrepreneurship and the entrepreneurial process that spans lifestyle to high potential ventures. 2. Examined the practical issues you will address and explore throughout the book. 3. Learned how entrepreneurs and their financial backers get the odds for success in their favor, defYing the pattern of disappointment and failure experienced by many. 4. Examined the Timmons Model of the entrepreneurial process, how it can be applied to your entrepreneurial career aspirations and ideas for businesses, and how recent research confirms its validity. Demystifying Entrepreneurship Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced. 1 Entrepreneurship results in the creation, enhancement, realization, and renewal of value, not just for owners, but for all participants and stakeholders. At the heart of the process is the creation and/or recognition of opportunities, 2 followed by the will and initiative to seize these opportunities. It requires a willingness to take risksboth personal and financial-out...
Words: 16706 - Pages: 67
...CHAPTER 1: Introduction to entrepreneurship 1. Explain entrepreneurship and discuss its importance. 解释创业并讨论其重要性。 Entrepreneurship is the art of turning an idea into a business. Entrepreneurs assemble and then integrate all the resources needed – the money, the people, the business model, the strategy – to transform an invention or an idea into a viable business.创业首先是把创意变成一项业务的艺术，企业家组装然后整合所有需要的资源，金钱，人，商业模式，策略，将一个发明或者注意转换成可行的业务。创业是个人寻取机会的过程而不会考虑他们控制的资源。 2. Describe corporate entrepreneurship and its use in established firms. 描述公司的创业和其建立的公司使用。 It is the conceptualization of entrepreneurship at the firm level. All firms fall along a conceptual continuum that ranges from highly conservative to highly entrepreneurial. The position of a firm on this continuum is referred to as its entrepreneurial intensity. Entrepreneurial firms are PROACTIVE, INNOVATIVE ad RISK-TAKING.（创业型企业的三个特点） 这是创业在企业层面的概念。所有的企业都落在沿着一个概念连续，范围从高度保守到高度进取。在这个连续坚定的位置被称为其创业强度。创业型企业是积极进取，不断创新的和可以承担风险的（保守型企业的三个特点是：采取观望的姿势：take a more “wait to see” posture, 更少的创新，less innovative，风险规避，risk averse. 3. Discuss three main reasons people decide to become entrepreneurs. 讨论三个主要原因人们决定成为企业家。 1. Desire to be their own boss 想成为自己的老板 2. Desire to pursue their own ideas 渴望追求自己的想法 3. Financial rewards. 金融奖励 4. Identify four main characteristics of successful entrepreneurs. 识别成功的企业家的四个主要特征。 4. Passion for the business – belief of positive influence 5. Product/customer focus – entrepreneurs...
Words: 2962 - Pages: 12
...publisher. Permissions may be sought directly from Elsevier's Science & Technology Rights Department in Oxford, UK: phone: ( 44) 1865 843830, fax: ( 44) 1865 853333, E-mail: permissions@elsevier.com. You may also complete your request online via the Elsevier homepage (http://elsevier.com), by selecting “Support & Contact” then “Copyright and Permission” and then “Obtaining Permissions.” Library of Congress Cataloging-in-Publication Data Application submitted British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. ISBN: 978-0-12-198581-3 For information on all Academic Press publications visit our Web site at www.elsevierdirect.com Printed in the United States 09 10 11 9 8 7 6 5 4 3 2 1 For Sasha Adeline and Dylan Jedi This page...
Words: 236635 - Pages: 947
