小企业管理英文版-Lecture1.pptVIP

Growth in Minority–Owned Businesses since 2002 1 - * Ch. 1: The Foundations of Entrepreneurship The Cultural Diversity of Entrepreneurship Young entrepreneurs Women entrepreneurs Minority-owned enterprises Immigrant entrepreneurs Part-time entrepreneurs 1 - * Ch. 1: The Foundations of Entrepreneurship (continued) The Cultural Diversity of Entrepreneurship Home-based businesses Family businesses Copreneurs Corporate castoffs Corporate dropouts Social entrepreneurs Retiring baby boomers 1 - * Ch. 1: The Foundations of Entrepreneurship (continued) Small Businesses ... Make up 99.7% of the 27.9 million businesses in the U.S. Employ 50% of the nation’s private sector workforce. Create more jobs than big businesses. 65% of net new jobs over the last decade 3% of small companies create 70% of net new jobs in the economy. Gazelles (20% growth, $100K+ sales) 1 - * Ch. 1: The Foundations of Entrepreneurship Small Businesses by Industry 1 - * Ch. 1: The Foundations of Entrepreneurship Small Businesses ... Produce 51% of the nation’s private GDP. Account for 47% of business sales. Create 13 times more patents per employees than large companies. Zipper, light bulb, FM radio, laser, air conditioning, escalator, personal computer, automatic transmission, and many more! 1 - * Ch. 1: The Foundations of Entrepreneurship (continued) The Ten Deadly Mistakes of Entrepreneurship Management mistakes Lack of experience Poor financial control Weak marketing Failure to develop a strategic plan Uncontrolled growth Poor location Improper inventory control Incorrect pricing Inability to transition growth 1 - * Ch. 1: The Foundations of Entrepreneurship Putting Failure Into Perspective Entrepreneurs are not paralyzed by the prospect of failure. Failure – a natural part of the creative process. Successful entrepreneurs learn to fail intelligently. 1 - * Ch. 1: The Foundations of Entrepreneurship Business Starts and Closures 1 - * Ch. 1: The Foundations of Entrepreneurship Avoidin