1. Strategic Management For Small Business
Samyak Veera

2. Becoming an Entrepreneur
Samyak Veera
 Identify characteristics of successful
entrepreneurs.
 Recognize the importance of
entrepreneurship in the economy.
 Describe opportunities and risks of
entrepreneurship.

3. What Does it Take?
Samyak Veera
 Not all business owners and managers
are entrepreneurs.
 Entrepreneurs have unique skills and
personal characteristics.

4. Entrepreneurs Are More
Samyak Veera
 Persistent
 Inquisitive
 Energetic
 Goal-oriented
 Independent
 Self-confident
 Creative
 Reliable
 Competitive

5. Entrepreneurs Have
Samyak Veera
 Problem-solving skills
 Tolerance for ambiguity
 Strong integrity
 Personal initiative
 Ability to secure resources
 Capability to learn from failure
 Willingness to work hard

6. Financing The Small Business
Samyak Veera
 Types of financing
1. Start-up financing
2. Short-term financing
3. Long-term financing
 Sources of financing
1. Owner-supplied funds
2. Borrowed funds

7. Samyak Veera