The Entrepreneur

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The Entrepreneur

  1. 1. The Entrepreneur
  2. 2. “ An entrepreneur is a person that organizes, manages and assumes the risks of a business or enterprise .”
  3. 3. <ul><ul><li>He is capable of leading the change, inspiring people who work with him his same passion for achieving results with excellence. </li></ul></ul><ul><ul><li>He combines a solid theoretical knowledge of business management with the experience of practical knowledge. </li></ul></ul><ul><ul><li>He achieves success as a form of personal and professional fulfillment. </li></ul></ul>
  4. 4. <ul><ul><li>The entrepreneur is not interested in seizing power, gaining prestige or accumulating wealth; his main purpose is to set up his own company. </li></ul></ul><ul><ul><li>The entrepreneur has a special ability to find the answer to a problem or a need of a certain group of people (market niche), and to work in the development, production and marketing of that solution. </li></ul></ul>
  5. 5. Characteristics of the Entrepreneur <ul><li>Business passion </li></ul><ul><li>Tenacity in spite of the failure </li></ul><ul><li>Self – confidence </li></ul><ul><li>Determination </li></ul><ul><li>Risk dealing </li></ul><ul><li>Changes are opportunities </li></ul>
  6. 6. <ul><li>Tolerance to ambiguity </li></ul><ul><li>Initiative and need for fulfillment </li></ul><ul><li>Orientation to the detail and perfectionism </li></ul><ul><li>Awareness of the pass of time </li></ul><ul><li>Creativity </li></ul><ul><li>Outlook </li></ul>
  7. 7. Ways to embark on a business <ul><li>New concept / new business </li></ul><ul><li>Existing concept / new business </li></ul><ul><li>Existing concept / existing business </li></ul>
  8. 8. New businesses <ul><li>Work experience on the same industry or profession </li></ul><ul><li>Detection of an unsatisfied need in the market. </li></ul><ul><li>Recognition of a market niche </li></ul><ul><li>Systematic search of business </li></ul><ul><li>Brainstorming </li></ul><ul><li>Hobbies or extra activities </li></ul>
  9. 9. Motivations to be self - employed <ul><li>Need for achieving one’s goals </li></ul><ul><li>Desire for autonomy </li></ul><ul><li>Craving for using one’s skills and personal abilities </li></ul><ul><li>Need for controlling one’s own life </li></ul><ul><li>Yearn for building up something for the family </li></ul><ul><li>Pleasure for challenge </li></ul><ul><li>Need for recognition and retribution </li></ul><ul><li>Willingness to satisfy one’s own expectations </li></ul>
  10. 10. Advantages of being an entrepreneur <ul><li>Autonomy </li></ul><ul><li>Challenge of starting something / </li></ul><ul><li>Need for achievements </li></ul><ul><li>Financial control </li></ul>
  11. 11. Disadvantages of being an entrepreneur <ul><li>Personal sacrifice </li></ul><ul><li>Burden of responsibility / Joker </li></ul><ul><li>Narrow margin of error </li></ul>

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