week one notes
week one notes BUS 1210
Oakland Community College
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This 1 page Class Notes was uploaded by Alexia Notetaker on Tuesday September 20, 2016. The Class Notes belongs to BUS 1210 at Oakland Community College taught by in Fall 2016. Since its upload, it has received 3 views. For similar materials see Start/operate a small business in Business at Oakland Community College.
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Date Created: 09/20/16
Business 1210 9/19/16 Recognizing opportunities and generating ideas Why Entrepreneur? Autonomy Pursue your own vison Make money To survive 4 characteristics of successful entrepreneurs Passion Execution Tenacity Product/service focus Small businesses produce 13 times as many patents as large firms Innovation takes creative ideas and applies to opportunities Opportunity is a favorable set of circumstances that create a need Identifying opportunities Observing a trend Solving a problem Filling a gap Types of Trends Economic o The economy spending habits Social o Demographic, cultural, Environmental, global Technological o Smart phones. E- commerce Political o Obamacare, min wage act
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