pay specific attention to the concepts of small business and entrepreneurship. Choose and assess in some depth a real-world entrepreneur’s plans for starting a small business with actual evidence you've discovered.

pay specific attention to the concepts of small business and entrepreneurship. Choose and assess in some depth a real-world entrepreneur’s plans for starting a small business with actual evidence you've discovered.

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter7: Entrepreneurship

Section: Chapter Questions

Problem 2CRQ: What differentiates an entrepreneur from a small-business owner?

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Venture Development Process

To create a startup company around a licensed university technology is referred to as venture development. A venture development firm can assist entrepreneurs in identifying and developing a prospective commercialization strategy, be an incubator, test target market assumptions, recruit university and non-university innovative resources and talented team members, and obtain early-stage finance. Commercialization grants, internal and external small business owners, governmental and local finance systems, and private funds are all possible sources of funding. This activity, when combined with strong intellectual property resources, accelerates early commercialization efforts and better prepares university-affiliated business owners for other types of funding.

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