Entrepreneurial MINDSET Walter Jofre Jr. Entrepreneurial Mindset When it comes to defining an entrepreneurial mindset, it's crucial to remember that the term "entrepreneur" has no universal definition. However, it is frequently linked with business owners. Individuals that participate in visionary thinking and creativity, as well as taking advantage of chances, are described as having an entrepreneurial mindset in this context. (Nadelson, 2018) Jeff Bezos, Bill Gates, and Oprah Winfrey are all successful entrepreneurs. Oprah is a prime example of how hard effort pays off, as well as a typical rags to riches story that only a few people can achieve. Bill Gates, and Oprah Winfrey are all successful entrepreneurs. Oprah is a prime example of how hard effort pays off, as well as a typical rags to riches story that only a few people can achieve. 2 How Entrepreneurial Mindset is beneficial in addressing business opportunities Visionary reasoning and inventiveness, undeniable degrees of inspiration, persistence, and versatility, interest, potentially dangerous course of action taking, and high levels of self-regulation are all hallmarks of an entrepreneurial mindset. (2018, Nadelson). These characteristics and skills are advantageous in the workplace since they provide an advantage to individuals who are driven to succeed. These characteristics and skills are advantageous in the workplace since they provide an advantage to individuals who are driven to succeed. 3 How Entrepreneurial Mindset is beneficial in addressing business opportunities Mark Zuckerberg founded the world's most popular social networking site. (Facebook) Throughout his undergraduate years, he tried a number of different concepts that all failed. He never gave up and took risks that may have cost him a lot of money. Multiple films have been made about the current CEO's ascent to success and what goes on behind the scenes of competitive individuals. He never gave up and took risks that may have cost him a lot of money. Multiple films have been made about the current CEO's ascent to success and what goes on behind the scenes of competitive individuals. 4 Product or Service that can be improved Improvements that can be made to a product or service. During times of crisis, particularly today, many businesses encounter insurmountable obstacles that result in a drop in income across the board. GameStop, for example, has long been a go-to retailer for players looking for a wide variety of physical disc-based games. Due to the pandemic, they have been forced to close many of their stores in order to reduce their losses. GameStop, on the other hand, might place a greater emphasis on online and in-store promotions, offers, and gear. This puts customers at rest, and while it won't completely solve the company's problems, it will increase overall income in the long run. Workers would should be prepared in managing get orders, online installments, and internet altering for this .

1. Entrepreneurial
MINDSET
Walter Jofre Jr.
Entrepreneurial Mindset
When it comes to defining an entrepreneurial mindset, it's
crucial to remember that the term "entrepreneur" has no
universal definition. However, it is frequently linked with
business owners. Individuals that participate in visionary
thinking and creativity, as well as taking advantage of chances,
are described as having an entrepreneurial mindset in this
context. (Nadelson, 2018)
Jeff Bezos, Bill Gates, and Oprah Winfrey are all successful
entrepreneurs. Oprah is a prime example of how hard effort
pays off, as well as a typical rags to riches story that only a few
people can achieve.
Bill Gates, and Oprah Winfrey are all successful entrepreneurs.
Oprah is a prime example of how hard effort pays off, as well as
a typical rags to riches story that only a few people can achieve.
2
How Entrepreneurial Mindset is beneficial in addressing
business opportunities
Visionary reasoning and inventiveness, undeniable degrees of
inspiration, persistence, and versatility, interest, potentially
dangerous course of action taking, and high levels of self-
regulation are all hallmarks of an entrepreneurial mindset.
(2018, Nadelson). These characteristics and skills are
advantageous in the workplace since they provide an advantage
to individuals who are driven to succeed.

2. These characteristics and skills are advantageous in the
workplace since they provide an advantage to individuals who
are driven to succeed.
3
How Entrepreneurial Mindset is beneficial in addressing
business opportunities
Mark Zuckerberg founded the world's most popular social
networking site. (Facebook) Throughout his undergraduate
years, he tried a number of different concepts that all failed. He
never gave up and took risks that may have cost him a lot of
money. Multiple films have been made about the current CEO's
ascent to success and what goes on behind the scenes of
competitive individuals.
He never gave up and took risks that may have cost him a lot of
money. Multiple films have been made about the current CEO's
ascent to success and what goes on behind the scenes of
competitive individuals.
4
Product or Service that can be improved
Improvements that can be made to a product or service. During
times of crisis, particularly today, many businesses encounter
insurmountable obstacles that result in a drop in income across
the board. GameStop, for example, has long been a go-to
retailer for players looking for a wide variety of physical disc-
based games. Due to the pandemic, they have been forced to
close many of their stores in order to reduce their losses.
GameStop, on the other hand, might place a greater emphasis on

3. online and in-store promotions, offers, and gear. This puts
customers at rest, and while it won't completely solve the
company's problems, it will increase overall income in the long
run.
Workers would should be prepared in managing get orders,
online installments, and internet altering for this to work. Client
driven methodology is carrying on with work to the greatest
advantage of the client, regardless of whether that implies
creating extraordinary encounters, expanding administrations,
or building connections. It is important that GameStop work
force go through preparing to manage out-of-individual
cooperation.
. Client driven methodology is carrying on with work to the
greatest advantage of the client, regardless of whether that
implies creating extraordinary encounters, expanding
administrations, or building connections. It is important that
Gamestop work force go through preparing to manage out-of-
individual cooperation.
5
Role of failure:
Failure is an unavoidable part of life, especially when options
are limited and risks are high. Failure, on the other hand, is
useful in revealing what doesn't work. It ensures that success
will finally be achieved through trial and error. Although failing
at something is never a pleasant experience, it is unavoidable.
Many people have suffered failure, from Michael Jordan to Jeff
Bezos, but only those who succeed are able to lecture about
their shortcomings. Only those who persevered can speak about
what they've been through and what they've put in.
Many people have suffered failure, from Michael Jordan to Jeff
Bezos, but only those who succeed are able to lecture about

4. their shortcomings. Only those who persevered can speak about
what they've been through and what they've put in.
6
Various business models
When it comes to different company models, it's crucial to
consider their success as well as their advantages and
disadvantages. Although sharing digital content raises privacy
concerns in everyday life, it is nonetheless a rapidly developing
sector with a forecasted value of 110 billion dollars in the
future (Sacks, 2011)
Physical material sharing is less common in this age of
technology, but it can still be profitable if done appropriately
and appeals to customers. The present new plan of action is to
offer things as "free," yet swell transportation costs to benefit
from "free" stuff. They're focused on more youthful grown-ups
who respond incautiously to the "free" part of the products,
causing them to feel like they're getting a decent arrangement.
The present new plan of action is to offer things as "free," yet
swell transportation costs to benefit from "free" stuff. They're
focused on more youthful grown-ups who respond incautiously
to the "free" part of the products, causing them to feel like
they're getting a decent arrangement.
7
References
Nadelson, L. S. (2018, September 27). Developing Next
Generation of Innovators: Teaching Entrepreneurial Mindset
Elements across Disciplines. Retrieved from
http://www.sciedu.ca/journal/index.php/ijhe/article/view/13967
Karen Collins. (2017). Exploring Business. Boston, MA:
FlatWorld
Sacks, D. ( 2011 ). The sharing economy. Fast Company, 155,

5. 88 – 131.
Lifestyle, E. (n.d.). Shopify Free Just Pay Shipping How It
Works. Retrieved from https://
www.youtube.com/watch?v=L9Cdmjtkq3I
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Chapter 2. Financial Statements, Cash Flow, and Taxes
Chapter 3. Analysis of Financial Statements
Finance – Week 2 LectureFinancial Statement Analysis
This week the focus will be on financial statements and how to
use them to assess the performance of an organization. Before
we can use them successfully, we need to know the basics.
While we certainly do not need to be accounting experts, we do
need to have baseline knowledge of what we are looking at.

6. There are four basic financial statements: the income statement,
balance sheet, statement of stockholder’s equity, and the cash
flow statement. All four provide important information about
the organization. While some financial statement users tend to
prefer one statement over the other, all four are necessary in
order to get a full picture of an organization’s health.
Let’s begin our exploration with the income statement. Though
every income statement may look slightly different than the
next, they will all still have the same basic elements: revenues
and expenses. Income statements show us how much a company
had for the period in sales and how much they spent in order to
achieve those sales. Hopefully there are some funds left over,
resulting in a profit. If we spend more on expenses than we
bring in for sales, we end up with a net loss rather than a profit.
It’s important to note that the income statement shows us
performance over time. The most common time periods for
income statements or any financial statement, is a month,
quarter, or year. There are lots of ways that we can use the
income statement to analyze an organization. We can look at
several years of income statements to identify trends (trend
analysis) to see if performance is improving or declining. We
can translate the dollar figures on the income statement into
percentages of sales and compare the organization to
competitors, other organizations in the industry, or to industry
averages. We can also calculate a wide range of profitability
ratios to see how well the organization is performance in terms
of profits. Ratios are a handy analysis tool as well. They allow
us to easily compare the organization to others, history, and
industry benchmarks.
Unlike the income statement, the balance sheet shows us only a
snapshot in time. It does not show performance over a period of
time. It does show us what the organization has for assets,
liabilities, and equity on a given date. The balance sheet earns
its name by doing just that: balancing. The balance sheet
supports the accounting equation: assets = liabilities plus
equity. I like to think of the equation as everything we have

7. (assets) and where we got it from (liabilities or equity) =
borrow money or someone invested money in us. Just as we are
able to use the income statement for analysis, the balance sheet
is just as helpful. We can also look at several periods of data for
the balance sheet to identify trends. We can also translate our
balance sheet dollar figures into percentages of assets to make
comparisons to other organizations more meaningful. There are
also many ratios we can use to analyze items on the balance
sheet. For example, we might look at the debt-to-equity ratio to
see how heavily the firm is financed by debt. Since debt is more
risky than equity, knowing how heavily the firm relies on debt
is a helpful ratio in measuring performance. We can also put the
income statement and balance sheet data together to calculate
several additional ratios such as return on assets which
measures how profitably we are using the assets we own.
The statement of stockholder’s equity helps us see how what has
happened in the equity section of the balance sheet in more
detail. In this helpful statement we can see the beginning
balance of stockholder equity, any dividends issued, stocks
issued or retired, and income earned, and the ending balance for
stockholder equity.
Finally, we have the statement of cash flows. This financial
statement is often overlooked but holds crucial information
about an organization. There is a common misconception that if
an organization is profitable, they must have cash and if they
are not making a profit then they will not have any cash. This
actually isn’t true! An organization can be highly profitable but
if they do not track and manage their cash flow properly, they
can be profit rich and cash poor. The statement of cash flows
shows where the organization’s cash came from and where it
went. It allows investors to see the difference between profit (or
loss) and cash flows of the organization. The statement is
broken down into three categories: operating, investing, and
financing. This allows anyone reviewing the statement of cash
flows to easily see what type of business activities are
providing or using the organization’s cash. A new creditor, for

8. example, would be interested in the organization’s cash from
operations which can provide an indication of the sustainability
of the organization’s short term cash flow.
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ENTREPRENEURIAL MINDSET INSTRUCTIONS AND
RESOURCES
Scenario
You work for CM Consulting Firm as an associate director. In
this role, you oversee product managers who work for a variety
of clients meeting a variety of needs. Senior management has
noticed that the project outcomes are often similar from one
product to another. They are striving to set themselves apart
from their competition; as part of this new initiative, they
would like the firm to be seen as both leading-edge and
innovative. They recognize that training is necessary to direct
and inform product managers to approach tasks with an
entrepreneurial mindset. Keith Kirk, the firm’s director and
your supervisor, has asked you to lead this initiative with a
robust training presentation.
Company Overview
Mission: To lead the business consulting industry in highly
innovative client business solutions.
Current Projects
Keith has noted that he is impressed with your work. He would
like you to present two examples demonstrating how you would

9. use your entrepreneurial mindset to identify
solutions/opportunities for projects currently in the queue. Your
examples should address two different business models:
Media Company
A large for-profit cable company approached your consulting
firm because their profits were declining. With less expensive
video streaming services increasingly available, customers no
longer want to pay up to ten times more to access more channels
when they could pay significantly less and access what they
want when they want.
Daycare
A nonprofit daycare that focuses on providing quality childcare
for working class families approached the consulting firm. They
recently built an expansion and are ready to serve new
customers in a rapidly growing community. Consider providing
more services in childcare as well as reaching out to other
segments in the population, both during daytime and evening
hours.
Directions
You will develop a presentation to begin a series of training and
coaching for product managers. It should demonstrate the skills
that lead to an entrepreneurial mindset in addressing business
opportunities.
·
Entrepreneurial Mindset: Describe the entrepreneurial
mindset and provide examples of successful entrepreneurs to
inspire your audience to begin building its own entrepreneurial
mindset and developing entrepreneurial skills.
· Explain how the entrepreneurial mindset is beneficial in
addressing business opportunities. Include the following in your
response:

10. · What are the key characteristics of an entrepreneurial
mindset?
· Why are those traits and skills valuable in a business
environment?
· Provide an
example of a well-known successful entrepreneur who
demonstrates entrepreneurial mindset traits that you would like
to highlight. Include the following in your response:
· What was their proposed product or solution and why do you
consider them a strong example?
· What characteristics of an entrepreneurial mindset did they
demonstrate that stood out?
· What barriers did they overcome, and how did they
demonstrate an entrepreneurial mindset in both development
and bringing the product to market?
·
Company Examples: Your supervisor Keith mentioned
that he would like you to present your own approach to business
opportunities using an entrepreneurial mindset. For this section,
you may choose examples from the current projects to frame
your discussion.
· Explain how an
existing product or service could be significantly
changed or improved by identifying a gap in the market and
applying an entrepreneurial mindset to address it
· Briefly highlight how you would develop this product or
service and then bring it to the market.
· Apply a customer-centric orientation to identify unmet
customer needs that can be met with a new product or service.
· Explain the role of failure as part of the process in an
entrepreneurial environment.
· Describe various business models (free, freemium, etc.) used
in for-profit and social enterprises, and evaluate their

11. appropriateness in various contexts.
What to Submit
Every project has a deliverable or deliverables, which are the
files that must be submitted before your project can be assessed.
For this project, you must submit the following:
Entrepreneurial Mindset Presentation
Your presentation should be 6—8 slides in length (in addition to
the title slide).
Supporting Materials
The following resources may help support your work on the
project:
Citation Help
Need help citing your sources? Use the CfA Citation Guide and
Citation Maker.
Resource:
How to Design an Effective Presentation
This guide provides tips and best practices for creating
PowerPoint presentations.
INTRODUCTION TO ENTREPRENEURIAL MINDSET:
https://files.eric.ed.gov/fulltext/EJ1192500.pdf
https://scholar.flatworldknowledge.com/books/30862/collins-
ch05_s01/read (Section 2.2)
https://eds-s-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=ff05a422-
e21b-4ecd-bbf2-
4de1752a6ade%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=675725&db=nlebk (CH 1)
https://fod-infobase-
com.ezproxy.snhu.edu/p_ViewVideo.aspx?xtid=93353
https://www.ted.com/talks/cameron_herold_let_s_raise_kids_to

12. _be_entrepreneurs#t-3275
https://www.youtube.com/watch?v=Ihs4VFZWwn4
https://eds-s-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=07b4717f-
7324-46d5-858f-
f73dcaa8fa55%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=120340873&db=bsu
https://eds-s-ebscohost-
com.ezproxy.snhu.edu/eds/ebookviewer/ebook?sid=61cfc318-
bc2f-443f-932d-
f81ab092d12f%40redis&ppid=pp_193&vid=0&format=EB (Ch
10)
BUILDING BLOCKS OF AN ENTREPRENEURIAL MINDSET:
https://eds-s-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=3cbd289d-
cb10-44de-bd18-
32064baee988%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=675725&db=nlebk (Ch 2)
https://learning.oreilly.com/library/view/the-innovative-
mindset/9781119161288/c05.xhtml?sso_link=yes&sso_link_fro
m=SNHU (Ch 5)
https://www.ted.com/talks/paul_tasner_how_i_became_an_entre
preneur_at_66
https://eds-s-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=7c1f3a53-
bbb4-4b93-a63b-
23966c9bba0f%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=124525296&db=s3h
https://www.ted.com/talks/maya_penn_meet_a_young_entrepren
eur_cartoonist_designer_activist
https://www.biographyonline.net/business/top-10-
entrepreneurs.html

13. https://www.ted.com/talks/majora_carter_3_stories_of_local_ec
oactivism/transcript?language=en
VARIYING BUSINESS MODELS:
https://eds-p-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=6bc8ac0e-
eb32-4368-9960-
18e44ff6dcf1%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=124659796&db=bsu
https://www.ted.com/talks/stefan_gross_selbeck_business_mode
l_innovation_beating_yourself_at_your_own_game
https://ebookcentral-proquest-com.ezproxy.snhu.edu/lib/snhu-
ebooks/reader.action?ppg=10&docID=1048406&tm=154471908
2569 (Ch 1)
https://ebookcentral-proquest-com.ezproxy.snhu.edu/lib/snhu-
ebooks/reader.action?ppg=22&docID=1048406&tm=154471915
1531 (Ch 2)
https://eds-p-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=b5ffb213-
b176-4d19-ac8c-
6c88a583b845%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=123300606&db=bsu
https://www.ted.com/talks/jeremy_heimans_what_new_power_l
ooks_like#t-38692
https://www.entrepreneur.com/article/233451
http://entrepreneurinsight.com.my/types-of-business-models/
OVERCOMING BARRIERS:
https://eds-p-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=a3e2ac14-
6001-4268-b937-
1c5e33f23bdd%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=675725&db=nlebk (Ch 5)
https://www.inc.com/marissa-levin/4-great-lessons-in-failure-
from-the-worlds-most-su.html
https://eds-s-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=ba7836b7-

14. 84ab-4690-97db-
3cfdbd660b81%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=675725&db=nlebk (Ch 3)
https://eds-s-ebscohost-
com.ezproxy.snhu.edu/eds/detail/detail?vid=0&sid=8177439e-
1769-47a9-91a7-
366f2f638f25%40redis&bdata=JnNpdGU9ZWRzLWxpdmUmc2
NvcGU9c2l0ZQ%3d%3d#AN=118685291&db=bsu
https://www.youtube.com/watch?v=hNQRRsL3R4A
https://www.ted.com/talks/larry_smith_why_you_will_fail_to_h
ave_a_great_career
image1.jpeg
ENTREPRENEURIAL MINDSET FEEDBACK 02-14-22
1) Applies a customer-centric orientation to identify unmet
customer needs that can be met with a new product or service.
NOT YET MASTERED!!!!!
You present an unmet need and a service solution. What is
lacking is the meaning of the term customer centric orientation.
Further, discuss how this mindset helps to identify an unmet
need. Go to Resource: The Innovative Mindset Your Company
Can’t Afford to Lose, Paragraph Title: Prioritize problem
solving.
2) Describes various business models (free, freemium, etc.)
used in for-profit and social enterprises and evaluates their
appropriateness in various contexts.
NOT YET MASTERED!!!!!
You have a correct definition for Free in a for-profit sense.
What is yet to uncover is the Fremium model for profit and
social and Free - for social. For Fremium, consider a company
like Spotify with a free service and the benefits advertisers have

15. from a marketing standpoint. Finally, in the case of Habitat for
Humanity offering free homes - explain the value contributing
sponsors have in donating goods and services and what a
‘membership’ represents in terms of a Fremium social
model.