This document defines entrepreneurship and describes who entrepreneurs are. It begins by defining entrepreneurship as designing, launching, and running a new business venture and discusses entrepreneurs as people who envision and evangelize crazy ideas. The document then lists the key topics to be covered, including the definition of entrepreneurship, who entrepreneurs are, why entrepreneurship, characteristics of entrepreneurs, types of entrepreneurships, and pros and cons. It proceeds to discuss each of these topics in detail over several paragraphs.
This document provides an overview of entrepreneurship development and entrepreneurial competence. It defines entrepreneurship as engaging in risk-taking to create new business ventures through innovative ideas. An entrepreneur is described as someone who organizes business risks and opportunities. The document outlines the career aspects of entrepreneurship and lists both positive and negative factors. It also describes nine types of entrepreneurial personalities and numerous characteristics of successful entrepreneurs, including risk-taking ability, self-motivation, and creativity. Finally, it discusses the knowledge, skills, qualities and factors that affect entrepreneurship growth.
Entrepreneurship involves starting a new business to realize an idea and generate profit. The document outlines the key characteristics of entrepreneurs, including undertaking risks, creating value to solve problems, and having flexibility, resilience and strong communication skills. It also discusses the different types of entrepreneurs and businesses, and provides steps for becoming an entrepreneur like ensuring financial stability and identifying problems to solve through networking and consuming varied content.
Personal entrepreneural competencies- for Electrical StudentsCRISTOPHERGONZAGA
This document outlines the personal competencies needed to be a successful entrepreneur in the electrical business. It discusses hard work, self-confidence, being future-oriented, financial literacy, goal orientation, persistence, coping with failure, responding to feedback, taking initiative, listening, setting standards, coping with uncertainty, commitment, building on strengths, reliability, integrity, risk-taking, and more. The key skills highlighted include dedicating significant time and effort to the business, having confidence despite challenges, understanding it as a long-term endeavor, ensuring financial viability, planning goals, persevering through difficulties, learning from mistakes, and taking responsibility.
The document discusses entrepreneurship and the characteristics of successful entrepreneurs. It defines entrepreneurship as taking initiative and risk to create new business ventures that solve problems. Successful entrepreneurs tend to be passionate, self-confident, goal-oriented, hard-working, and able to accept change. They have a strong drive to succeed, believe in themselves, and are always looking for new ideas and ways to improve.
This document discusses important entrepreneurial traits and competencies. It begins by outlining an activity to form groups and assign numbers. It then lists several personal entrepreneurial competencies including being hard working, having self-confidence, being future and profit oriented, and being goal oriented. The document continues by listing and describing 16 important entrepreneurial traits such as persistence, responding to feedback, taking initiative, setting standards, and coping with risk and uncertainty. It emphasizes that entrepreneurs must be committed, build on their strengths, act with integrity, and create value for society.
Entrepreneurship development programs aim to:
1) Develop entrepreneurial qualities and analyze the business environment.
2) Select products and formulate business projects to understand the pros and cons of entrepreneurship.
3) Provide a broad vision of business.
These programs provide training in management skills, support systems, feasibility studies, and plant visits. They work to develop a "need for achievement" and role play as entrepreneurs. Follow-up support is also provided.
Effective entrepreneurship development requires identifying entrepreneurs, providing skills training tailored to their needs, and assisting with project reports and startups while providing ongoing consultancy and guidance.
This document defines entrepreneurship and describes the key aspects of starting a business. It defines an entrepreneur as someone who organizes a business venture to take advantage of an opportunity. There are different types of entrepreneurs, including idealists, optimizers, hard workers, jugglers, and sustainers. The document also outlines characteristics of successful entrepreneurs like being a hard worker, risk taker, and innovator. It discusses the importance of developing a business model and business plan. A business model shows how a business makes money while a plan provides details on goals, operations, management, and finances.
This document discusses key traits and considerations for entrepreneurs. It emphasizes that entrepreneurs must be determined, hard-working, and able to concentrate their efforts on their business. They must have faith in their abilities and be willing to deal with problems along the way. Building a successful business also takes time, and entrepreneurs must be prepared to spend several years developing their enterprise to a stable point.
This document introduces entrepreneurship and its importance. It discusses how entrepreneurship creates opportunities, ensures social justice, stimulates the economy, and more. Personal attributes of entrepreneurs like creativity, dedication, determination, and flexibility are explained. The document also outlines required education, skills, and career outlook for entrepreneurs. Several career opportunities in entrepreneurship are provided, such as business consultant, management analyst, sales, research and development, not-for-profit fundraiser, and intrapreneur.
Rob Tolley London - The Best Advice for Entrepreneurial SuccessRob Tolley
As the CEO of Global Speciality Underwriters LLC, Dubai, Rob Tolley (former London broker) leads an organisation that Underwrites specialist lines of
reinsurance. This presentation will look at entrepreneurship, providing tips and pointers for those just starting out on their journey in the business world
This document discusses managing high-growth enterprises. It covers the entrepreneur personality traits including strengths like vision and perseverance, and weaknesses like excessive optimism. It also discusses the key challenges high-growth enterprises face related to cash flow, processes, and relationships. Finally, it provides advice on partnering with high-growth enterprises, including how to pitch services, consider various pricing models, and structure reporting. The overall document aims to provide guidance to consultants on effectively working with and advising high-growth businesses and their entrepreneurs.
Personal Entrepreneurial Competencies.pptxMayZeforaFiel
The document discusses important entrepreneurial traits for success. It lists 16 traits that successful entrepreneurs possess, such as being hard working, self-confident, future-oriented, profit-oriented, and able to cope with failure and uncertainty. Additionally, it provides 10 tips for strengthening personal entrepreneurial competencies, such as reacting positively to feedback, demonstrating a positive attitude, and prioritizing business goals over personal goals.
This document introduces entrepreneurship and its importance. It defines entrepreneurship as creating opportunities, ensuring social justice, stimulating the economy, and teaching skills like risk-taking and perseverance. Entrepreneurship is recognized as important for economic growth. The document also lists personal attributes of successful entrepreneurs like creativity, determination, and passion. Finally, it discusses some career opportunities in entrepreneurship like business consulting, management analysis, sales, research and development, and fundraising.
This document provides an introduction to entrepreneurship. It defines entrepreneurship and explains its importance, noting that it creates opportunities, ensures social justice, stimulates the economy, and more. Personal attributes of successful entrepreneurs like creativity, dedication, determination, and passion are described. The document also discusses required skills and education for entrepreneurs and lists some career opportunities in fields like business consulting, management analysis, sales, research and development, and fundraising that apply entrepreneurship knowledge.
This document provides an introduction to entrepreneurship. It defines entrepreneurship and explains its importance to the economy and society. Entrepreneurship fosters creativity, social justice, confidence, and economic stimulation. Personal attributes of entrepreneurs include creativity, dedication, determination, flexibility, leadership, passion, self-confidence, and business smarts. The document also outlines some career opportunities in entrepreneurship such as business consulting, management analysis, sales, research and development, nonprofit fundraising, and being an intrapreneur.
This document provides an overview of entrepreneurship for cooperatives. It defines entrepreneurial mindset and discusses developing an entrepreneurial mindset through tools like leveraging your assets and aspirations, planning to adapt, building professional networks, and evaluating new product and service ideas. It also covers common drawbacks entrepreneurs face like risk of losing capital and high stress levels. The document concludes by defining cooperatives as people-centered enterprises owned and controlled by members to meet common economic and social needs through democratic management.
This document provides an overview of entrepreneurship including its importance, concepts, and career opportunities. It discusses how entrepreneurial activities are important for economic development and growth. Some key points covered include:
- Entrepreneurship teaches skills like risk-taking, creativity, and perseverance.
- It is a driver of the economy and supports goals like equitable wealth distribution and raising quality of life.
- Personal attributes of entrepreneurs include passion, determination, leadership, and flexibility.
- Career opportunities related to entrepreneurship include roles like business consultants, managers, salespeople, and not-for-profit fundraisers.
This document provides an introduction to entrepreneurship. It discusses key concepts such as the definition of entrepreneurship, characteristics of entrepreneurs, factors that motivate entrepreneurs, common myths and challenges. The three main points are:
1) Entrepreneurship involves starting innovative businesses and transforming ideas into products/services, and entrepreneurs take risks and act as leaders.
2) Motivations for entrepreneurs include competition, creativity, having control, and making money. Successful entrepreneurs have traits like self-confidence, drive, and ability to handle risk.
3) Common myths about entrepreneurs are unfounded, and becoming an entrepreneur allows one to create their own destiny and achieve financial success and recognition by building their dreams.
Pec of Css ( Personal Entrepreneural Competencies of Computer System Servicing )Grace Mendoza
The document discusses important traits of successful entrepreneurs. It states that entrepreneurs must be determined workers who concentrate their time and effort on their business. They must have self-belief despite challenges and understand that building a successful business takes years of continuous work. Entrepreneurs also need to generate income for themselves and their families, obtain feedback, take responsibility for outcomes, and make logical long-term plans. Personal needs are secondary to business needs, and entrepreneurs must be patient and find alternatives when facing uncertainties or unanticipated risks.
This document discusses entrepreneurship and intrapreneurship. It defines entrepreneurs as people who notice opportunities and mobilize resources to create new goods and services, while intrapreneurs do the same but work within large companies. Entrepreneurs are often risk-takers and take initiative. Common traits of entrepreneurs include being original thinkers, risk-takers, and taking responsibility for their own actions. The document also discusses characteristics of successful vs unsuccessful entrepreneurs, as well as key considerations for planning a new business such as market research, costs, and whether to start domestically or globally.
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Who_Is_An_Entrepreneur_C4C.pdf
1. WHO IS AN
ENTREPRENEUR?
BY CHIDERA DIDIGU
CO-LEAD, ENTREPRENEURSHIP INITIATIVE
CONVERSATIONS FOR SOCIAL CHANGE AND
YOUTH DEVELOPMENT
2. AT THE END OFTHIS PRESENTATIONTRAINESS SHOULD
KNOW:
• THE DEFINITION OF ENTREPRENEURSHIP
• WHO AN ENTREPRENEUR IS
• WHY ENTREPRENEURSHIP
• CHARACTERISTICS OF AN ENTREPRENEUR/ ENTREPRENEURIAL
SKILLS
• TYPES OF ENTREPRENEURSHIPS
• PROS AND CONS OF ENTREPRENEURSHIP
3. WHAT IS ENTREPRENEURSHIP?
• The process of designing, launching and running a new business.
• The capacity and willingness to develop, organize and manage a
business venture along with any of its risks in order to make
profit.
4. WHO IS AN ENTREPRENEUR?
• An entrepreneur is someone who envisions, creates and evangelizes an
idea that they are absolutely crazy about.
• Someone who looks at life differently.An entrepreneur doesn’t see the
normal obstacles that life puts in our way and shy away like most of us do.
Entrepreneurs think the word “no” means “to find a better way”.
Entrepreneurs are continually learning growing and reaching higher.
5. WHO IS AN ENTREPRENEUR?
• Jeff Bezos, Founder, Chairman and Chief Executive Officer of Amazon
9. WHY ENTREPRENEURSHIP?
THE NEED FOR A LIFESTYLE NOT BOUND BY A 9-5 JOB
There’s a lot of hype about having a flexible lifestyle but the truth in
entrepreneurship is that you’re going to work really hard and really long, so
don’t choose this way of life if you’re thinking it’s a shortcut.That being said,
you will work hard, but there’s much more flexibility to the
entrepreneurial lifestyle than the traditional nine to five and two weeks of
vacation time that corporate life permits
10. WHY ENTREPRENEURSHIP?
LACK OF A FORMAL EDUCATION
Some people become entrepreneurs because they haven’t had the privilege of receiving an
extensive education. Entrepreneurship is an arena where the Idea and results take
precedence over educational background.
BEENTHROUGHTHE SCHOOL OF HARD KNOCKS
School of hard knocks is an idiomatic phrase meaning the experience gained from living,
especially from disappointment and hard work – often regarded as a means of education.
There come certain points in life where, in assessing experience, one concludes that one
11. WHY ENTREPRENEURSHIP?
has been through more than enough to not be afraid to branch out on one’s own. Everyone
goes through the school of hard knocks; its always a question of what one does with the
experience.
13. CHARACTERISTICS OF A SUCCESSFUL
ENTREPRENEUR
COMMITMENT/RESILIENCE
Entrepreneurship will dole out constant challenges, some of which you’ve already considered
but many of which you’ll never see coming.You will face complex financial problems, decision-
based dilemmas, long hours, sudden changes and predictions that may fail; personal lives may
even be challenged a well.
You must remember that all these challenges, while difficult to face, are a natural part of being an
entrepreneur. Success in business ownership is rarely a matter of how many challenges you face
so much as it is a matter of how you face those challenges.Triumphant entrepreneurs have a
level of resilience, which allows them face an almost constant slew of challenges without ever
weakening their resolve.
14. CHARACTERISTICS OF A SUCCESSFUL
ENTREPRENEUR
RISKTAKER
Entrepreneurs are risk- takers, ready to dive dip into the future of uncertainty. Successful
entrepreneurs are willing to risk their time and money on unknowns, but they also keep
resources and plans for dealing with them.
SELF-BELIEF, HARDWORK AND DISCIPLINED DEDICATION
Entrepreneurs believe in themselves and are confident and dedicated to their project.Their
intense focus on and faith in their idea may be misconstrued as stubbornness, but it is this
willingness to work hard and defy odds that make them successful.
15. CHARACTERISTIC OF A SUCCESSFUL
ENTREPRENEUR
RESOURCEFULNESS
More often than not an entrepreneur has limited resources especially at the initial
stages of the business. successful entrepreneurs figure out how to get the most out of
these resources.
OBJECTIVITY
Objectivity connotes a lack of bias, judgment or prejudice. Entrepreneurs need to be
dispassionate when it comes to making business decisions because emotion, bias and
sentiment can result in poor choices.
16. CHARACTERISTICS OF A SUCCESSFUL
ENTREPRENEUR
ADAPTABLE AND FLEXIBLE
Being inflexible about client and market needs leads to failure. Successful entrepreneurs
welcome all suggestions for optimization that may enhance their offering and satisfy client
and market needs.
KNOWLEDGE OFTHE PRODUCT AND MARKET
Entrepreneurs must know their product and market.A lack of awareness of the changing
market needs, competition and external factors can cause a business to fail.
17. CHARACTERISTICS OF A SUCCESSFUL
ENTREPRENEUR
DEPENDABILITY
There is a strong positive relationship between your perceived level of reliability and the
success of your business.Your clients expect you to be dependable and will evaluate you on
the extent to which you do what you say you will do.
PROACTIVITY
Successful entrepreneurs anticipate problems in advance and deal with them before they
occur.
18. CHARACTERISTICS OF A SUCCESSFUL
ENTREPRENEUR
MONEY MANAGEMENT SKILLS
Successful entrepreneurs plan for present and future financial obligations and set aside an
emergency fund. Even after securing funds or going fully operational, a successful business
person keeps a complete handle on cashflow, as it is the most important aspect of any
business.
EFFECTIVE PALNNNG SKILLS
Successful entrepreneurs have a business plan in place, but remain capable of dealing with
unforeseen possibilities.
19. CHARACTERISTICS OF A SUCCESSFUL
ENTREPRENEUR
EXCELLENT COMMUNICATION SKILLS
Exemplary communication is important because you must accurately exchange information
in a fast-moving world. Of importance is the ability to listen and truly understand where a
person is coming from.
TECHNICAL KNOWLEDGE AND SKILLS
Every business requires unique technical skills and knowledge on the part of the owner.You
MUST be good at what you do for your business to succeed.This often means getting
additional training and education on an ongoing basis.
21. TYPES OF ENTREPRENEURSHIPS
Small businesses include mom and pop shops and local businesses. Small businesses can
include sole proprietorships, partnerships and limited liability companies. It’s any business
that has less than 500 employees.
23. TYPES OF ENTREPRENEURSHIPS
Internet based business can be small, home-based, or even large corporations.The key
difference here is that the business is operated primarily online.This includes companies
like Amazon and Jumia and any other business that does most of its business online.
25. TYPES OF ENTREPRENEURSHIPS
A home-based business could fit under the category of a small business, but the primary
factor in this case is that it is run from home, as opposed to an office or other location. But
just because a business is run from home doesn’t mean it can’t compete wiwth larger
businesses. In fact, many large corporations were started from a home including Apple and
Disney.
27. TYPES OF ENTREPRENEURSHIPS
Many entrepreneurs get the most joy out of starting and building a business, but not in its
continued management, so they sell it to launch a new idea. they are still considered
entrepreneurs because they operate and assume risk in the business for the time they own
it. Other times, serial entrepreneurs juggle several businesses at once, earning multiple
streams of income.
29. PROS OF ENTREPRENEURSHIP
THE FREEDOMTO PURSUEYOUR OWNVISION
You can have your own view of the world and entrepreneurship is the only avenue where
you pursue that view and see the fruition of your vision.
POTENTAIL EARNINGS OF AN ENTREPRENEUR EXCEED A SALARIED
EMPLOYEE
As an employee an employee, no matter how hard you work, the financial remuneration
you receive is limited to your salary and an occasional bonus.As a self-employed person,
you can earn so much more if you hit the right business idea and execute the business well.
30. PROS OF ENTREPRENEURSHIP
THE CONTROL AND FLEXIBILITY OFYOUR OWNTIME.
As your own boss, you work when you want to work; and stop if you want to stop.You can
tailor your work according to your lifestyle and accommodate various tasks.You can work in
however way you please – in your pajamas, with the TV loudly blaring – without getting a memo
from the personnel department. Self- employment means freedom from rules.
THE OPPORTUNITYTO LEARN AND GAIN KNOWLEDGE
The entrepreneur often wears many hats – the strategic planner, the marketer, the customer
service rep, and the sales rep, even the bookkeeper.There are a million things you probably
didn’t know before you started your business that you will be forced to learn.
31. PROS ON ENTREPRENEURSHIP
• THE SENSE OF PRIDE AND FULFILLMENT IN ACCOMPLASHING
THINGS
As an entrepreneur, you make things happen.You create a vision, layout the plans and
pursue the steps needed to make the business a success. Doing all these things can give an
incredible feeling of pride and joy – seeing your website used by people, finding your
products in stores and getting compliments from customers on how your business as
helped them.
32. PROS OF ENTREPRENEURSHIP
THE CHANCETO SHAREYOUR LEARNING
At the end of the day, you can have the chance to teach and share with others the things
you’ve learned as an entrepreneur. Sharing what you learned can be a way of giving back to
the community.
33. CONS OF ENTREPRENEURSHIP
WORK SCHEDULE
The work schedule of an entrepreneur can be unpredictable.A major disadvantage of being
an entrepreneur is that it requires more work and longer hours than being an employee.
NO REGULAR SALARY
Being an entrepreneur often means giving up the security of a regular paycheck. If the
business slows down, your personal income can be at risk.
34. CONS OF ENTREPRENEURSHIP
ADMINISTARTIVETASKS
When you run a business, especially at the initial stages, you need to check on finances and
other administrative tasks; Salaried employees mostly handle specific tasks.This isn’t the
most fun aspect of being your own boss, but it is crucial to the success of your venture.
COMPETEITION
As a small business owner, staying competitive is critical.You will need to differentiate your
business from others like yours in order to build a solid customer base and be profitable.
35. CONS OF ENTREPRENEURSHIP
DISRUPTION OF ONES PERSONAL LIFE
Most of your time will be spent trying to keep your business afloat and this could have
adverse effects on your personal life.