ENTREPRENEUR Flashcards
Process of developing, organizing and running new business to generate profit while taking on financial risk.
ENTREPRENEURSHIP
-Employment in a large company offering good salaries and benefits is the primary goal of many graduates.
-the young graduates are not yet ready to take on trials and tribulations of entrepreneurship.
ENTREPRENEURSHIP AS A CAREER PATH
Young entrepreneurs who succeed despite of formidable odds:
- CHILDREN WHO GROW UP IN ENTREPRENEURIAL FAMILIES
- CHILDREN WHO WORK WITH PARENTS AND PUBLIC MARKETS
- CHILDREN WHO RAISED IN AN AREA WHERE PARTICULAR INDUSTRIES OR BUSINESS ARE CLUSTERED.
Other ways of becoming a good entrepreneur:
• learn enough about how a particular business is run while being employed.
• take entrepreneurship courses.
• learn about putting up a business through good industry market and customer research.
Entrepreneur comes from the french word _______?
“ENTREPRENDRE”
One who undertakes a business and takes risk in order to reap good returns or profits form that business.
WHO IS THE ENTREPRENEUR?
Who create an increased value for economy and for society who endeavor to raise productivity level and who even there to change business paradigms and industry practices.
INNOVATORS
Three qualities of entrepreneurs:
ENTREPRENEURIAL MINDFRAME
ENTREPRENEURIAL HEART FLAME
ENTREPRENEURIAL GUT GAME
Surging passion of the entrepreneur.
ENTREPRENEURIAL HEART FLAME
See things in a very positive and optimistic light.
ENTREPRENEURIAL MINDFRAME
Intuition and connotes courage.
ENTREPRENEURIAL GUT GAME
It is a blueprint of the business that the entrepreneur would like to start it aims to establish it a business ideal will
BUSINESS PLAN
Parts of business plan
EXECUTIVE SUMMARY
MANAGEMENT AND ORGANIZATION
PRODUCT AND SERVICES PLAN
MARKET PLAN
Is the overview of your entire business plan and should highlight the most important part of plan.
EXECUTIVE SUMMARY
It should contain everything that is relevant and important to the business audience
EXECUTIVE SUMMARY
