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ENTR 3310 week 1 of notes

by: Ariana Rios-Lobo

ENTR 3310 week 1 of notes ENTR 3310

Marketplace > University of Houston > Business > ENTR 3310 > ENTR 3310 week 1 of notes
Ariana Rios-Lobo
GPA 3.25

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About this Document

These are the notes work the first week of class
James Monroe Kane
Class Notes
Entrepreneurship, business, ENTE 3310
25 ?




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This 2 page Class Notes was uploaded by Ariana Rios-Lobo on Wednesday January 20, 2016. The Class Notes belongs to ENTR 3310 at University of Houston taught by James Monroe Kane in Spring 2016. Since its upload, it has received 28 views. For similar materials see Entrepreneurship in Business at University of Houston.


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Date Created: 01/20/16
Week 1  Entrepreneurship 3310 Professor James Kane  Godfather of Entrepreneurship: Joseph A. Schumpeter   Typewriters selling at $800   Luddites: one who fears technology   group that believed machines would cause workers wages to be decreased and  ended up burning a number of factories in protest   Great Enoch: sledgehammer  used to smash several machines   Names after black smith which made both sledgehammers and wide frames… lol   Entrepreneurs  Producers (new everything/innovation) (improvement)   Better tools New products  New methods of production  New features  New markets  Catchier styling  New forms  Faster service   Marketing   New industries      Micawber Principal: spend less money than you makes you happier, spend more money  than you make leads to misery    Balance sheet (B/S): Personal Financial Statement     Assets: what you own   In order of most to least liquidity   Liability: who owns it   Zero to One   Vertical process (0 to 1): doing new things    Technology: making new things   Horizontal Progress (1 to n): copying things that work     Globalization: taking things that works somewhere and make them work  everywhere    Hanson's Story   1930s: Hubert Hansen and his three sons the go­to guys for fresh juice in Southern  California    1970s: Hubert's grandson created natural soda    2002: introduces Monster Energy    2012: Change name to Monster Beverage  Monster replaces Sara Lee of S&P  S&P: the standard & Poor's 500 index  An index of 500 of the largest U.S companies listed on the NYSE  or NASDAQ   Why do companies exist?  Because we have needs and they can make money   1990s:    New economy and new beliefs  Page views were the new metric  Not profit 


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