entrepreneurshipv2
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Being an Entrepreneur
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“one who organizes, manages and assumes the risks of a business or enterprise.” - Merriam-Webster
Who is an Entrepreneur?
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“a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.” – Dictionary.com
Who is an Entrepreneur?
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“entrepreneurship is the pursuit of opportunity without regard to resources currently controlled” – Harvard Business School Professor, Howard Stevenson
Who is an Entrepreneur?
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• An activity where individuals organize capital, land and labor in order to create a good or provide a service and generate profits.
• (It’s a business!!)
What is an Enterprise?
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• The process a person undergoes to set up a business.
• Also includes the successful running of the business.
• Entrepreneur + Enterprise= Entrepreneurship
What is Entrepreneurship?
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o Realize an opportunity
o Consolidation of resources : bringing together finance, innovation, people, etc.
o Implementation/Creation of venture : starting a business after resources are brought together
o Recover Costs
What do Entrepreneurs Do?
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Common Characteristics of Entrepreneurs
Confident
Innovative
Resilient
“People” Person
Patient
Motivated
Results Oriented
Leader
Committed
Risk Taker
Positive
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o Take the quiz on this page…
Are you an Entrepreneur?
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Q&A