entrepreneurshipv2

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Being an Entrepreneur


“one who organizes, manages and assumes the risks of a business or enterprise.” - Merriam-Webster

Who is an Entrepreneur?


“a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.” – Dictionary.com



“entrepreneurship is the pursuit of opportunity without regard to resources currently controlled” – Harvard Business School Professor, Howard Stevenson



• 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?


• The process a person undergoes to set up a business.

• Also includes the successful running of the business.

• Entrepreneur + Enterprise= Entrepreneurship

What is Entrepreneurship?


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?


Common Characteristics of Entrepreneurs

Confident

Innovative

Resilient

“People” Person

Patient

Motivated

Results Oriented

Leader

Committed

Risk Taker

Positive


o Take the quiz on this page…

Are you an Entrepreneur?


Q&A

entrepreneurshipv2

Business

o recover costs

pursuit of opportunity

risk taker positive

howard stevenson

considerable initiative

successful running