This document summarizes the first lecture of an entrepreneurship course. The lecture covered key definitions related to entrepreneurship, motivations for becoming an entrepreneur, important entrepreneurial attributes, types of risks entrepreneurs face, sources and effects of stress for entrepreneurs, and defining ethical issues entrepreneurs may encounter. Assessment requirements for the course included a business plan, individual and group assignments, and class participation. Recommended reading from entrepreneurship textbooks was also provided.
Entrepreneurship & New Venture Creation-(3.1)-Module-1VisualBee.com
The document discusses entrepreneurship and what is required to create successful entrepreneurs in India. It defines entrepreneurs as individuals who undertake risks to start new businesses. It outlines four key areas needed to develop entrepreneurs in India: creating the right environment for success, ensuring access to relevant skills, access to startup capital, and networking opportunities. The future of entrepreneurship in India is promising as both central and state governments are increasingly supporting new business creation through incentives and infrastructure development.
The document discusses key concepts around entrepreneurship including defining entrepreneurs, comparing them to businessmen, and factors that motivate entrepreneurship. It outlines the entrepreneurial process and resources available to entrepreneurs at different stages. The document also explores how entrepreneurship contributes to economic growth and trends in entrepreneurship research in the 21st century. Examples of successful entrepreneurs like Steve Jobs, Baba Ramdev, and Dr. Achuta Samanta are provided.
The document discusses entrepreneurship and its role in economic development. It defines an entrepreneur as someone who perceives opportunities, organizes resources to exploit opportunities, and exploits them. Entrepreneurship spurs economic development by creating wealth through new products/services and dispersing economic activities. It also speeds up the use of resources and development of backward regions. When entrepreneurs innovate continuously, they foster new industries and economic growth. Harnessing entrepreneurial talent moves a society from traditional ways to modern industry.
This document provides an overview of entrepreneurship and entrepreneurs. It defines entrepreneurship and discusses the objectives, characteristics, functions, and types of entrepreneurs. Specifically:
- Entrepreneurship is taking risks to organize and manage a business to make a profit by exploiting opportunities. Entrepreneurs innovate, identify opportunities, and create economic value.
- The objectives are to disseminate knowledge on entrepreneurship, differentiate entrepreneurial activities and functions, and understand the role and barriers of entrepreneurship in India.
- Key characteristics of entrepreneurs include being goal-oriented, risk-taking, creative, hard-working, and self-confident. Primary functions are planning, organizing, decision-making,
This document discusses corporate entrepreneurship, defining it as activities that receive organizational sanction and resource commitments for innovative results. It also discusses the need for corporate entrepreneurship due to factors like increased competition and the benefits it provides like constantly innovating. The key aspects of corporate entrepreneurship discussed are innovation, strategy, and corporate venturing. Innovation can be radical or incremental. Strategy involves developing an entrepreneurial vision and structure. Corporate venturing aims to institutionalize embracing innovation for long term growth. Overall the document provides an overview of the concept and key elements of corporate entrepreneurship.
Types of entrepreneurs and functions.pptSyedInaamShah
There are several ways to classify entrepreneurs based on different factors:
1. Type of business - entrepreneurs can be classified as business, trading, industrial, corporate, or agricultural depending on their industry.
2. Ownership - entrepreneurs are classified as private or public based on whether their business is individually or government owned.
3. Motivation - entrepreneurs may be pure, induced, motivated, or spontaneous based on their driving reasons for starting a business such as economic goals, incentives, or natural talents.
The document defines entrepreneurship as starting a new business by identifying opportunities, assembling resources, and taking on associated risks and rewards. An entrepreneur determines supply of capital, allocates resources, identifies opportunities, implements plans, and harvests rewards in a flexible manner. Their functions include risk bearing, organization, innovation, management, and decision making. An entrepreneur's performance is affected by factors like personality traits as measured by the Myers-Briggs Type Indicator, which sorts preferences into 16 types based on dimensions of extraversion-introversion, sensing-intuition, thinking-feeling, and judging-perceiving. The Trade Related Entrepreneurship Assistance and Development program aims to empower women through counseling, training,
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
Entrepreneurship & New Venture Creation-(3.1)-Module-1VisualBee.com
The document discusses entrepreneurship and what is required to create successful entrepreneurs in India. It defines entrepreneurs as individuals who undertake risks to start new businesses. It outlines four key areas needed to develop entrepreneurs in India: creating the right environment for success, ensuring access to relevant skills, access to startup capital, and networking opportunities. The future of entrepreneurship in India is promising as both central and state governments are increasingly supporting new business creation through incentives and infrastructure development.
The document discusses key concepts around entrepreneurship including defining entrepreneurs, comparing them to businessmen, and factors that motivate entrepreneurship. It outlines the entrepreneurial process and resources available to entrepreneurs at different stages. The document also explores how entrepreneurship contributes to economic growth and trends in entrepreneurship research in the 21st century. Examples of successful entrepreneurs like Steve Jobs, Baba Ramdev, and Dr. Achuta Samanta are provided.
The document discusses entrepreneurship and its role in economic development. It defines an entrepreneur as someone who perceives opportunities, organizes resources to exploit opportunities, and exploits them. Entrepreneurship spurs economic development by creating wealth through new products/services and dispersing economic activities. It also speeds up the use of resources and development of backward regions. When entrepreneurs innovate continuously, they foster new industries and economic growth. Harnessing entrepreneurial talent moves a society from traditional ways to modern industry.
This document provides an overview of entrepreneurship and entrepreneurs. It defines entrepreneurship and discusses the objectives, characteristics, functions, and types of entrepreneurs. Specifically:
- Entrepreneurship is taking risks to organize and manage a business to make a profit by exploiting opportunities. Entrepreneurs innovate, identify opportunities, and create economic value.
- The objectives are to disseminate knowledge on entrepreneurship, differentiate entrepreneurial activities and functions, and understand the role and barriers of entrepreneurship in India.
- Key characteristics of entrepreneurs include being goal-oriented, risk-taking, creative, hard-working, and self-confident. Primary functions are planning, organizing, decision-making,
This document discusses corporate entrepreneurship, defining it as activities that receive organizational sanction and resource commitments for innovative results. It also discusses the need for corporate entrepreneurship due to factors like increased competition and the benefits it provides like constantly innovating. The key aspects of corporate entrepreneurship discussed are innovation, strategy, and corporate venturing. Innovation can be radical or incremental. Strategy involves developing an entrepreneurial vision and structure. Corporate venturing aims to institutionalize embracing innovation for long term growth. Overall the document provides an overview of the concept and key elements of corporate entrepreneurship.
Types of entrepreneurs and functions.pptSyedInaamShah
There are several ways to classify entrepreneurs based on different factors:
1. Type of business - entrepreneurs can be classified as business, trading, industrial, corporate, or agricultural depending on their industry.
2. Ownership - entrepreneurs are classified as private or public based on whether their business is individually or government owned.
3. Motivation - entrepreneurs may be pure, induced, motivated, or spontaneous based on their driving reasons for starting a business such as economic goals, incentives, or natural talents.
The document defines entrepreneurship as starting a new business by identifying opportunities, assembling resources, and taking on associated risks and rewards. An entrepreneur determines supply of capital, allocates resources, identifies opportunities, implements plans, and harvests rewards in a flexible manner. Their functions include risk bearing, organization, innovation, management, and decision making. An entrepreneur's performance is affected by factors like personality traits as measured by the Myers-Briggs Type Indicator, which sorts preferences into 16 types based on dimensions of extraversion-introversion, sensing-intuition, thinking-feeling, and judging-perceiving. The Trade Related Entrepreneurship Assistance and Development program aims to empower women through counseling, training,
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
This document summarizes several theories of entrepreneurship from economic, sociological, and psychological perspectives. It discusses theories such as the economic theory viewing entrepreneurs as risk takers, the sociological theory that entrepreneurship is influenced by social and cultural values, and the psychological theory of achievement motivation positing that individuals with a high need for achievement are more likely to become entrepreneurs. It also summarizes theories related to status withdrawal, social change, leadership, personality, and systematic innovation.
as an entrepreneur is getting into business there difficulties in order to penetrate the chosen market or business. it has solutions in how to overcome the barriers.
The document discusses several theories of entrepreneurship including:
1) Economic theories like those proposed by Cantillon and Schumpeter that see entrepreneurs as risk-takers and innovators.
2) Sociological theories that view entrepreneurship as influenced by cultural values and social support.
3) Psychological theories like McClelland's need for achievement theory that identify personality traits like motivation and drive as important for entrepreneurs.
4) Anthropological theories proposed by Barth that see entrepreneurs connecting different social spheres.
The document also discusses innovation theories of Schumpeter, Knight's risk-bearing theory, and Hagen's theory of social change and status withdrawal in relation to entrepreneurial development.
Entrepreneurship Development Programme (EDP)uma reur
EDP – Introduction to Entrepreneurship Development Programme
Entrepreneurship Development Programme is primarily meant for developing those first generation entrepreneurs who on their own cannot become successful entrepreneurs. It covers three major variables- location, target group and enterprise.
Any of these can become the focus or starting point for initiating and implementing an EDP.
The document discusses corporate entrepreneurship, which involves pursuing new opportunities within an organization without regard to existing resources. It describes how entrepreneurial managers can link technical knowledge to customer needs to create new businesses or transform existing companies. The objectives, characteristics, components, forms, factors influencing, and limitations of corporate entrepreneurship are outlined.
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENTMathu Shan
Entrepreneurship involves starting a business to produce goods and services, taking on financial and social risks and rewards. An entrepreneur recognizes opportunities, organizes resources, and takes initiative. Key aspects of entrepreneurship include innovation, risk-taking, identifying business opportunities, and mobilizing resources to capitalize on opportunities to create new products or services. Entrepreneurship results in new businesses being formed, greater organization of resources, wealth creation and new jobs.
The document discusses the evolution and concepts of entrepreneurship. It begins by outlining how entrepreneurship emerged as a factor of production in the 14th century with tax contractors. It then summarizes key thinkers' contributions, including Schumpeter viewing entrepreneurs as innovators. The document also defines entrepreneurship and an entrepreneur, examines theories of entrepreneurship including economic, sociological, and psychological perspectives. It discusses problems inhibiting entrepreneurship growth in India and concludes by comparing the pros and cons of entrepreneurship and defining intrapreneurship.
An economic theory
Risk bearing theory of Knight
Innovation theory of Schumpeter
Leibenstein X-efficiency theory
Harvard School theory
Theory of Market Equilibrium by Hayek
McClelland’s Achievement Motivation Theory
Theory of Change
Theory of Adjustment of Price
Theory of Entrepreneurial Supply
Theory of Personal Resourcefulness
Theory of Cultural Values
Successful entrepreneurs exhibit creativity by developing new ideas and concepts to solve problems or discover niche markets. They are also innovative in converting new ideas into successful products or services. Entrepreneurs must be flexible and multi-skilled to carry out various tasks across different business areas like human resources, accounting, and promotion. They are also goal-oriented in setting clear targets for themselves and employees to achieve the business aims. Entrepreneurs persevere through challenges by continuing their efforts in the face of adversity and rethinking ideas when businesses seem to be failing. They also take calculated risks by pursuing ventures only if costs and benefits analysis show potential for profit.
The document discusses motivation and factors influencing entrepreneurship. It notes that motivation is important for management and initiates and guides goal-oriented behavior. Both internal factors like ambition and external factors like government support can influence entrepreneurship. The document also examines different motivations for becoming an entrepreneur such as making money, continuing family business, or being creative. It explores measures of entrepreneurial success and how success of a venture can be its own reward.
The document discusses entrepreneurship and introduces key concepts:
1) Entrepreneurship is creating something new of value by devoting time and effort while accepting risks and potential rewards.
2) An entrepreneur actively starts and leads their own business to grow and prosper by recognizing opportunities and managing resources.
3) Entrepreneurship can lead to innovation, job creation, and economic growth through organizing resources and creating new products/services.
Business incubation centers provide various services to support young businesses, such as office space, networking opportunities, management assistance, and access to financing. They aim to help new companies survive their early stages of development by providing infrastructure, resources, and expertise. The document outlines the services commonly offered by incubators and discusses how they foster entrepreneurship, job creation, and economic growth in local communities. It also provides an overview of major startup incubators and accelerators across several cities in India, highlighting the programs and funding available through each one.
The major functions of an entrepreneur are given below: Functions of an entrepreneur. Organizing functions: Organizing is the part of managing that involves establishing intentional structures of a role for people in an organization. The entrepreneur is responsible for organizing the activities necessary for ht production of goods and services.
functions of entrepreneurship pdf
functions of entrepreneurship
functions of entrepreneurs in business
role of entrepreneurship in society
functions of an entrepreneur pdf
types of entrepreneurship
benefits of entrepreneurship to the economy
main functions of entrepreneurs
functions of an entrepreneur
functions of entrepreneurs in business
main functions of entrepreneurs
major functions of the entrepreneur
functions of entrepreneurship pdf
roles of an entrepreneur
entrepreneur notes pdf
characteristics of an entrepreneur
Chapter 1 the foundation of entrepreneurship (lecture 1 & 2)Afzaal Ali
The document defines an entrepreneur as a person who starts and operates a business by taking on financial risk. It discusses the key skills needed by an engineer entrepreneur, including both engineering/technical skills as well as business management and entrepreneurial skills. Finally, it outlines some of the key characteristics, expectations, rewards and challenges of being an entrepreneur.
This module explores the concept of entrepreneurial mind sets, developing entrepreneurial thinking, finding inspiration and discovering the benefits of creative thinking
This document discusses various topics related to entrepreneurship including:
1. Entrepreneurs recognize opportunities where others see chaos, challenge the unknown, and create the future.
2. Successful entrepreneurship is more than just a great idea - it requires taking risks, perseverance, and having the skills to execute an idea.
3. Innovation, new startups, and job creation are important contributions of entrepreneurship to economic development.
4. Entrepreneurship involves identifying opportunities, forming ventures, and managing risks, while entrepreneurs tend to be driven, creative risk-takers focused on pursuing new ideas.
The document discusses definitions and characteristics of entrepreneurs and entrepreneurship from various scholars and perspectives. It defines entrepreneurs as innovators who recognize opportunities, take risks to start new business ventures, and realize rewards. Successful entrepreneurs have qualities like initiative, willingness to take risks, ability to learn from mistakes, self-confidence, motivation towards hard work, and ability to make timely decisions. Entrepreneurship is the process undertaken by entrepreneurs to establish new enterprises through creative innovation.
Family Business - Entrepreneurship Developmentdamleaj
This document provides an overview of family businesses. It begins by defining a family business and explaining their importance. It then discusses the different types of family businesses and family business owners. The document outlines the responsibilities and rights of family business shareholders. It also covers succession in family businesses, including the importance of planning and some strategies to ease the transition process. The document discusses some common pitfalls of family businesses and provides strategies to improve their capabilities and performance. Finally, it lists some rules that can help family businesses succeed across generations.
The document discusses entrepreneurship in India, focusing on opportunities and challenges for different types of entrepreneurs. It outlines key factors that contribute to an entrepreneurial mindset and discusses definitions of entrepreneurship. Rural and women entrepreneurs face specific challenges like lack of access to capital, technical skills, and social barriers. However, the government is working to promote entrepreneurship through various programs and initiatives. Overall entrepreneurship is seen as an important driver of economic growth and development in India.
Entrepreneurship in India and challengesArmaan Anand
Entrepreneurship in india context to global. challenges faced by Indian entrepreneur, major hindrance for an Indian entrepreneur, position of Indian entrepreneur, entrepreneur, entrepreneurship, why entrepreneurship in India, is India the spot for entrepreneur & entrepreneurship. future for Indian entrepreneurship & entrepreneur.
This document summarizes several theories of entrepreneurship from economic, sociological, and psychological perspectives. It discusses theories such as the economic theory viewing entrepreneurs as risk takers, the sociological theory that entrepreneurship is influenced by social and cultural values, and the psychological theory of achievement motivation positing that individuals with a high need for achievement are more likely to become entrepreneurs. It also summarizes theories related to status withdrawal, social change, leadership, personality, and systematic innovation.
as an entrepreneur is getting into business there difficulties in order to penetrate the chosen market or business. it has solutions in how to overcome the barriers.
The document discusses several theories of entrepreneurship including:
1) Economic theories like those proposed by Cantillon and Schumpeter that see entrepreneurs as risk-takers and innovators.
2) Sociological theories that view entrepreneurship as influenced by cultural values and social support.
3) Psychological theories like McClelland's need for achievement theory that identify personality traits like motivation and drive as important for entrepreneurs.
4) Anthropological theories proposed by Barth that see entrepreneurs connecting different social spheres.
The document also discusses innovation theories of Schumpeter, Knight's risk-bearing theory, and Hagen's theory of social change and status withdrawal in relation to entrepreneurial development.
Entrepreneurship Development Programme (EDP)uma reur
EDP – Introduction to Entrepreneurship Development Programme
Entrepreneurship Development Programme is primarily meant for developing those first generation entrepreneurs who on their own cannot become successful entrepreneurs. It covers three major variables- location, target group and enterprise.
Any of these can become the focus or starting point for initiating and implementing an EDP.
The document discusses corporate entrepreneurship, which involves pursuing new opportunities within an organization without regard to existing resources. It describes how entrepreneurial managers can link technical knowledge to customer needs to create new businesses or transform existing companies. The objectives, characteristics, components, forms, factors influencing, and limitations of corporate entrepreneurship are outlined.
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENTMathu Shan
Entrepreneurship involves starting a business to produce goods and services, taking on financial and social risks and rewards. An entrepreneur recognizes opportunities, organizes resources, and takes initiative. Key aspects of entrepreneurship include innovation, risk-taking, identifying business opportunities, and mobilizing resources to capitalize on opportunities to create new products or services. Entrepreneurship results in new businesses being formed, greater organization of resources, wealth creation and new jobs.
The document discusses the evolution and concepts of entrepreneurship. It begins by outlining how entrepreneurship emerged as a factor of production in the 14th century with tax contractors. It then summarizes key thinkers' contributions, including Schumpeter viewing entrepreneurs as innovators. The document also defines entrepreneurship and an entrepreneur, examines theories of entrepreneurship including economic, sociological, and psychological perspectives. It discusses problems inhibiting entrepreneurship growth in India and concludes by comparing the pros and cons of entrepreneurship and defining intrapreneurship.
An economic theory
Risk bearing theory of Knight
Innovation theory of Schumpeter
Leibenstein X-efficiency theory
Harvard School theory
Theory of Market Equilibrium by Hayek
McClelland’s Achievement Motivation Theory
Theory of Change
Theory of Adjustment of Price
Theory of Entrepreneurial Supply
Theory of Personal Resourcefulness
Theory of Cultural Values
Successful entrepreneurs exhibit creativity by developing new ideas and concepts to solve problems or discover niche markets. They are also innovative in converting new ideas into successful products or services. Entrepreneurs must be flexible and multi-skilled to carry out various tasks across different business areas like human resources, accounting, and promotion. They are also goal-oriented in setting clear targets for themselves and employees to achieve the business aims. Entrepreneurs persevere through challenges by continuing their efforts in the face of adversity and rethinking ideas when businesses seem to be failing. They also take calculated risks by pursuing ventures only if costs and benefits analysis show potential for profit.
The document discusses motivation and factors influencing entrepreneurship. It notes that motivation is important for management and initiates and guides goal-oriented behavior. Both internal factors like ambition and external factors like government support can influence entrepreneurship. The document also examines different motivations for becoming an entrepreneur such as making money, continuing family business, or being creative. It explores measures of entrepreneurial success and how success of a venture can be its own reward.
The document discusses entrepreneurship and introduces key concepts:
1) Entrepreneurship is creating something new of value by devoting time and effort while accepting risks and potential rewards.
2) An entrepreneur actively starts and leads their own business to grow and prosper by recognizing opportunities and managing resources.
3) Entrepreneurship can lead to innovation, job creation, and economic growth through organizing resources and creating new products/services.
Business incubation centers provide various services to support young businesses, such as office space, networking opportunities, management assistance, and access to financing. They aim to help new companies survive their early stages of development by providing infrastructure, resources, and expertise. The document outlines the services commonly offered by incubators and discusses how they foster entrepreneurship, job creation, and economic growth in local communities. It also provides an overview of major startup incubators and accelerators across several cities in India, highlighting the programs and funding available through each one.
The major functions of an entrepreneur are given below: Functions of an entrepreneur. Organizing functions: Organizing is the part of managing that involves establishing intentional structures of a role for people in an organization. The entrepreneur is responsible for organizing the activities necessary for ht production of goods and services.
functions of entrepreneurship pdf
functions of entrepreneurship
functions of entrepreneurs in business
role of entrepreneurship in society
functions of an entrepreneur pdf
types of entrepreneurship
benefits of entrepreneurship to the economy
main functions of entrepreneurs
functions of an entrepreneur
functions of entrepreneurs in business
main functions of entrepreneurs
major functions of the entrepreneur
functions of entrepreneurship pdf
roles of an entrepreneur
entrepreneur notes pdf
characteristics of an entrepreneur
Chapter 1 the foundation of entrepreneurship (lecture 1 & 2)Afzaal Ali
The document defines an entrepreneur as a person who starts and operates a business by taking on financial risk. It discusses the key skills needed by an engineer entrepreneur, including both engineering/technical skills as well as business management and entrepreneurial skills. Finally, it outlines some of the key characteristics, expectations, rewards and challenges of being an entrepreneur.
This module explores the concept of entrepreneurial mind sets, developing entrepreneurial thinking, finding inspiration and discovering the benefits of creative thinking
This document discusses various topics related to entrepreneurship including:
1. Entrepreneurs recognize opportunities where others see chaos, challenge the unknown, and create the future.
2. Successful entrepreneurship is more than just a great idea - it requires taking risks, perseverance, and having the skills to execute an idea.
3. Innovation, new startups, and job creation are important contributions of entrepreneurship to economic development.
4. Entrepreneurship involves identifying opportunities, forming ventures, and managing risks, while entrepreneurs tend to be driven, creative risk-takers focused on pursuing new ideas.
The document discusses definitions and characteristics of entrepreneurs and entrepreneurship from various scholars and perspectives. It defines entrepreneurs as innovators who recognize opportunities, take risks to start new business ventures, and realize rewards. Successful entrepreneurs have qualities like initiative, willingness to take risks, ability to learn from mistakes, self-confidence, motivation towards hard work, and ability to make timely decisions. Entrepreneurship is the process undertaken by entrepreneurs to establish new enterprises through creative innovation.
Family Business - Entrepreneurship Developmentdamleaj
This document provides an overview of family businesses. It begins by defining a family business and explaining their importance. It then discusses the different types of family businesses and family business owners. The document outlines the responsibilities and rights of family business shareholders. It also covers succession in family businesses, including the importance of planning and some strategies to ease the transition process. The document discusses some common pitfalls of family businesses and provides strategies to improve their capabilities and performance. Finally, it lists some rules that can help family businesses succeed across generations.
The document discusses entrepreneurship in India, focusing on opportunities and challenges for different types of entrepreneurs. It outlines key factors that contribute to an entrepreneurial mindset and discusses definitions of entrepreneurship. Rural and women entrepreneurs face specific challenges like lack of access to capital, technical skills, and social barriers. However, the government is working to promote entrepreneurship through various programs and initiatives. Overall entrepreneurship is seen as an important driver of economic growth and development in India.
Entrepreneurship in India and challengesArmaan Anand
Entrepreneurship in india context to global. challenges faced by Indian entrepreneur, major hindrance for an Indian entrepreneur, position of Indian entrepreneur, entrepreneur, entrepreneurship, why entrepreneurship in India, is India the spot for entrepreneur & entrepreneurship. future for Indian entrepreneurship & entrepreneur.
The document profiles several famous Indian entrepreneurs including Narayana Murthy of Infosys, Shiv Nadar of HCL, Tulsi Tanti of Suzlon Energy, Rahul Bajaj of Bajaj Group, Dr. Pratap Reddy of Apollo Hospitals, Kiran Mazumdar Shaw of Biocon, Naresh Goyal of Jet Airways, Anil Dhirubhai Ambani, Azim Premji of Wipro, Ekta Kapoor, Mallika Srinivasan of TAFE, Rashmi Sinha of SlideShare, Sanjeev Bikhchandani of Naukri.com, Sarathbabu Elumal
The document defines an entrepreneur as someone who creates a new business while taking risks and uncertainties in order to make a profit. It discusses various theories of entrepreneurship including economic, sociological, and psychological theories. It also covers characteristics, types, functions, and barriers of entrepreneurs. The stages of the entrepreneurial process include discovery, concept development, resourcing, actualization, and harvesting. Entrepreneurial culture and its components that promote entrepreneurship are also summarized.
The document discusses several successful Indian entrepreneurs including Dr. Verghese Kurien who established the AMUL dairy cooperative, Jain Irrigation which brought new technology to agriculture, and the Tata Group led by visionaries like Jamsetji Tata, JRD Tata, and Ratan Tata who built an expansive business conglomerate and contributed greatly to India's development. It also mentions the women's cooperative Lijjat Papad and emphasizes that entrepreneurs have played a catalytic role in India's progress and that one should place no limitations on what they can achieve.
This document provides an overview of entrepreneurship, defining entrepreneurs as risk-takers who start new businesses. It discusses the mindset of entrepreneurs, including traits like seizing opportunities and always improving. The document also outlines the different forms entrepreneurship can take and reasons why entrepreneurs are important, such as creating most new jobs and solving problems through innovation.
Andrew Carnegie grew up poor in a one-room cottage but became a steel tycoon, donating millions to educational causes. Samuel Walton milked cows and delivered newspapers as a boy but founded Walmart, becoming the richest man in the US. Oprah Winfrey experienced hardship and abuse as a child but became the richest African American of the 20th century and wealthiest self-made woman in America. These stories profile seven entrepreneurs who rose from humble beginnings to achieve great success.
This powerpoint presentation defines entrepreneurship and discusses its history and modern applications. It begins by defining an entrepreneur as someone who organizes and manages a business while taking on financial risk. It notes that agricultural students have been involved in entrepreneurship since the early 20th century through programs like raising livestock and growing crops. Today, agricultural entrepreneurship can involve many diverse activities beyond farming like custom harvesting or operating a small engine repair service. The presentation concludes by discussing characteristics of successful entrepreneurs and different types like social and lifestyle entrepreneurs.
The document discusses key aspects of entrepreneurship education, including course outcomes, assessment, and an overview presented by Mr. Z. Njoroge. The course aims to help students demonstrate knowledge of entrepreneurship, identify business opportunities, develop a business plan, and pitch their ideas. It will be assessed through assignments, a business proposal, and project. The overview discusses definitions of entrepreneurship, attributes of successful entrepreneurs, myths and benefits of entrepreneurship, and its contribution to the economy.
UNIT 1 Concept of Entrepreneurship.pptxssuserd41177
An entrepreneur is someone who takes on the financial risk of starting a business venture with the goal of profit. They often find gaps in the market for new products and services. Successful entrepreneurs only take calculated risks. Key traits of entrepreneurs include being innovative, risk-taking, and taking responsibility. Their main functions involve generating ideas, setting objectives, raising funds, implementing projects, and managing the business operations through planning, organizing, staffing, directing, and controlling. Entrepreneurship promotes economic growth by creating new jobs and innovations.
This document outlines an entrepreneurship development course. It includes a list of reference books, expected course outcomes, and the course outline. The course outline details 5 units: introduction to entrepreneurship, entrepreneurship theories and innovation, entrepreneurship development, business plan and project development, and project implementation and control. It also provides definitions of entrepreneurship and discusses characteristics of successful entrepreneurs such as passion for business, product/customer focus, perseverance despite failure, and execution intelligence. Common myths about entrepreneurs are debunked.
This document outlines the syllabus for an entrepreneurship course. It introduces the lecturer and establishes expectations for class conduct and cell phone/laptop use. The module will focus on practical work and independent learning. Students will be assessed through a exam worth 60% and coursework worth 40%, including group and individual assignments. Upcoming topics will explore what is an entrepreneur, characteristics of successful entrepreneurs, myths about entrepreneurs, and evaluations including individual and group assignments presenting on entrepreneurs and companies. Students will also have a midterm in-class test.
This document provides an overview of entrepreneurship and entrepreneurship development programs (EDPs). It defines entrepreneurship as the process of identifying business opportunities, organizing enterprises, raising capital, and managing day-to-day operations. EDPs aim to strengthen entrepreneurial qualities and skills to help people play the role of entrepreneur effectively. The document outlines the objectives, need for, phases and roles of EDPs in creating employment, reducing poverty, and facilitating economic development. It also discusses factors influencing entrepreneurship and challenges facing EDPs.
This chapter discusses the characteristics and backgrounds of entrepreneurs. It explores who entrepreneurs are and examines their typical traits and motivations. Some key points covered include:
- Entrepreneurs are typically driven by a strong need for achievement and willingness to take risks. They exhibit traits like optimism, initiative, and perseverance.
- However, debates exist around whether entrepreneurs are "born" with these traits or if they can be "made" through environmental factors and training.
- Entrepreneurial motivations also stem from both "pull" factors like pursuing an opportunity or idea, or "push" factors like the need for employment or change.
- While entrepreneurship provides advantages like independence, it also
This document outlines the topics and schedule for the StartNowHow seminar series on entrepreneurship. The seminars will be held monthly through summer 2016, covering both theoretical and practical aspects of entrepreneurship. Each 2-hour session will feature a guest speaker and cover topics like opportunity recognition, business models, marketing, and financing. Participants can earn a certificate by attending at least 70% of the sessions. The next seminar on November 12th will discuss opportunity recognition and evaluation, with guest speaker Sina Afra from Girisimcilik Vakfi. Regular attendance is encouraged and seating is prioritized for consistent participants.
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 an entrepreneurship course taught by Prof. Vukenkeng Andrew Wujung. The course aims to help participants acquire entrepreneurship knowledge and skills. It covers topics such as conceptualizing entrepreneurship, characteristics and types of entrepreneurs, legal forms of business, identifying opportunities, and financing and evaluating projects. The course utilizes various teaching methods and is divided into 8 chapters that define key terms, distinguish types of entrepreneurship, and discuss the importance, motivations, skills and functions of entrepreneurs.
Creativity and The Business Idea (Part 1).pptxDila685753
This document provides information about a training program on creativity and business ideas. It includes the objectives of the program, which are to demonstrate knowledge of entrepreneurship, determine the key characteristics of entrepreneurs, and understand the advantages and disadvantages of entrepreneurship. The document then covers various topics through a series of slides, including defining entrepreneur and entrepreneurship, discussing qualities of entrepreneurs, considering different views on entrepreneurs, and outlining the characteristics needed to be a successful entrepreneur.
Startnowhow - Entrepreneurship as a Professionbicangels
The document describes an entrepreneurship seminar series that covers relevant theoretical and practical aspects of entrepreneurship. It discusses 10 planned seminar topics, including opportunity recognition, business models, marketing, and financing. Descriptions of past seminar topics are also provided, such as definitions of entrepreneurship, myths about entrepreneurship, and the characteristics and stressors commonly experienced by entrepreneurs. The seminar series aims to provide participants with a certificate upon completing at least 7 of the 10 sessions.
This document provides information about a Business Management lecture. It includes details about the lecturer such as name, contact information and consultation hours. It also outlines important dates for assessments including module tests, Edulink tests and the exam. Assessment breakdown is provided showing the weighting of each assessment. Other information mentioned includes class attendance, participation, presentations, class representatives, and minor irritations. The first lecture will cover chapters 1 and 2 on the nature and development of entrepreneurship and the entrepreneur. It defines an entrepreneur and discusses where entrepreneurship originated from an economic and behavioral perspective. Different types of entrepreneurs and barriers faced by women and emerging entrepreneurs are also summarized.
This document provides an overview of a tutorial on innovation and entrepreneurship. It includes:
- Biographical information about the lecturer, Sergio Pinzon.
- An agenda for the tutorial covering key points on entrepreneurship, exercises to help students identify their purpose and align with sustainable development goals, and a recap of the module.
- Context for homework assignments asking students to relate sustainable goals to entrepreneurship and innovations.
- Announcements regarding group formation and preferences for sustainable development goals.
- A recap of the main points covering entrepreneurship as a process, its relation to many sectors and activities, and importance for social and sustainable endeavors.
Bill Aulet's presentation at the VentureWell Open conference in Washington DC to entrepreneurship educators with material on his just being released Disciplined Entrepreneurship Workbook
Unit 1 Introduction to Entrepreneurship.pptxbinodjaishi1
Unit 1 of the document provides an introduction to entrepreneurship, defining key terms like entrepreneur, entrepreneurship, and enterprise. It discusses the importance of entrepreneurship in economic development and job creation. It also outlines different types of entrepreneurship like small business entrepreneurship and social entrepreneurship. Obstacles that women entrepreneurs face like lack of financing and family responsibilities are also summarized. McClelland's acquired needs theory of entrepreneurial motivation is introduced, which identifies three main motivational drivers: need for achievement, need for power, and need for affiliation.
Business planning and entrepreneurial management (s.y bms)LOHITA RAO
This document provides an overview of entrepreneurship and business planning concepts. It discusses the definition of key terms like enterprise, entrepreneur and entrepreneurship. It also summarizes several theories of entrepreneurship such as Schumpeter's innovation theory, McClelland's theory of achievement motivation, Leibenstein's X-efficiency theory, Knight's theory of profit, and Hagen's theory of social change. Additionally, the document outlines the importance of entrepreneurship development, characteristics of entrepreneurs, and what is involved in business planning.
This document compares the entrepreneurial ecosystems of Boston and Paris and discusses how they can learn from each other.
Boston is ranked the top startup hub in the US, with over $6 billion invested in 2016, while Paris is among the top six tech cities globally, with over 22,000 startups. However, Paris lags behind in capital invested and number of "unicorns".
The document outlines frameworks for innovation and entrepreneurship education. It discusses evaluating ideas through technical and market feasibility, managing risks, and emphasizing an experimental mindset. Entrepreneurship programs should develop both hard skills and a growth mindset in students.
Disciplined entrepreneurship involves 24 steps from inspiration to launch.
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ECD Lecture 2 - generation of business opportunities
ECD Lecture 1 - challenges of entrepreneurship
1. Enterprise Creation & Development
Lecture 1:
Challenges of
Entrepreneurship
Mr Khoo Chen En
(6460 8016; kce3@np.edu.sg)
ECD Oct 14/Lecture 1/kce 1
2. Enterprise Creation & Development
Challenges of Entrepreneurship
Generation of Business Opportunities
Scanning the Business Environment
Importance of the Business Plan
Starting the Business
Financing the Business I
Financing the Business II
Developing the Business
ECD Oct 13/Lecture 1/ttl2
3. Assessment System
3
Weightage Bazaar
Business
plan
Mid semester
test
30%
14 Jan 2015 (Wed)
(Time and Venue to be confirmed)
Individual
Assignment 1
(Week 5)
(3-5 page
report)
20%
What you intend to sell
during the First Step!
bazaar -
26 Nov 2014, Wed 3pm
Your business
idea -
26 Nov 2014,
Wed 3pm
Group
Assignment 2 30%
1) Bazaar – 17 Jan 2015
(Sat)
2) Post mortem & next
step report – 28 Jan
2015, Wed 3pm
Comprehensive
business plan
– 28 Jan 2015,
Wed 3pm
Tutorial
participation
20%
10% class participation
10% presentation for assignment 2
ECD Oct 14/Lecture 1/kce
4. Recommended Text
• Donald F. Kuratko ENTREPRENEURSHIP –
THEORY, PROCESS AND PRACTICE, 9th
Edition, CENGAGE, Chp 1,2 & 4
• Justin G. Longenecker, Carlos W. Moore, J.
William Petty and Leslie E. Patch, SMALL
BUSINESS MANAGEMENT – AN
ENTREPRENEURIAL EMPHASIS,
International Edition, Thomson South-
Western, Chp 1
4ECD Oct 14/Lecture 1/kce
5. Lecture Objectives
• Definitions
• Why be an Entrepreneur?
• Entrepreneurial Attributes
• Different Types of Risk
• Stress and the Entrepreneur
• Entrepreneurial Ethics
5ECD Oct 14/Lecture 1/kce
6. 6
Successful Entrepreneurs
• Larry Page, CEO of Google
• Age : 41 (born 1973)
• Net Worth US$20.3B (2012)
• Son of a computer science professor
ECD Oct 14/Lecture 1/kce
7. 7
Successful Entrepreneurs
• Olivia Lum, Chairman &
Group CEO, Hyflux
• Age 52 (born 1962)
• Net Worth:US$460M (2011)
• Adopted at birth by a poor elderly woman,
never knew her biological parents
• Started company at age 28, with $20,000
savings
• Ernst & Young World Entrepreneur Of The Year
2011
ECD Oct 14/Lecture 1/kce
8. 8
Successful Entrepreneurs
• Michael Masterson, Serial
Entrepreneur
• Age : 64 (born 1950)
• Co-started/turned-around dozens
of multi-million dollar businesses
across diverse industries (several
above US$350M)
• Born in poor New York neighbourhood in family
of 7 children
• Started first business at age 11
• Author of several New York Times and Wall
Street Journal bestsellers
ECD Oct 14/Lecture 1/kce
9. Key Definitions
Entrepreneur:
• Derived from French word “entreprendre”, which
means “to undertake”
• Innovator/Developer who recognizes & seizes
opportunities; converts those opportunities into
workable/marketable ideas; adds value through
time, effort, money, skills; takes calculated risks
of starting a business to implement these ideas &
realizes rewards from these efforts
• Entrepreneurs are born AND made
9ECD Oct 14/Lecture 1/kce
10. Key Definitions
10
Difference between “Inventor”, “Innovator” &
“Entrepreneur”:
• Inventor: Creates new technology or product
... often not yet ready for market
• Innovator: Transforms new or existing
technology, product, service, business model,
customer experience into something ready for
market
• Entrepreneur: Recognizes & seizes
opportunity, assumes risks, TAKES ACTION to
create & develop business to pursue
opportunity
ECD Oct 14/Lecture 1/kce
11. Key Definitions
11
Difference b/w “Small Business Owner” &
“Entrepreneur”:
• Small Business Owner: Create business that
provides oneself & perhaps a few others with
a job, at satisfactory profits
• Entrepreneur: Create & develop a fast-
growing, highly profitable, eventually self-
sustaining business, that is dominant in its
area/industry, often with focus on
continuous innovation
ECD Oct 14/Lecture 1/kce
12. Key Definitions
12
5 Levels of Entrepreneurs (based on actual
real-life role instead of fictitious title):
• Level 0: Employee
• Level 1: Self-Employed / Technician
• Level 2: Manager
• Level 3: Leader / Owner Entrepreneur
• Level 4: Investor Entrepreneur
• Level 5: Highest-Level Entrepreneur
[Source: Bradley J. Sugars, ‘’Billionaire in Training’, MacGraw Hill 2006]
ECD Oct 14/Lecture 1/kce
13. Why be an Entrepreneur?
Profit
Personal satisfaction
Independence
Freedom
Personal fulfillment
13ECD Oct 14/Lecture 1/kce
14. Model of Entrepreneurial Motivation
14
[Source: Douglas W. Naffziger, Jeffrey S. Hornsby and Donald F. Kuratko, ‘A Proposed Research Model of Entrepreneurial
Motivation’, Entrepreneurship Theory and Practice, Spring 1994:33]
Intrinsic/
extrinsic
rewards
Firm
outcomes
Decision to
behave
entrepreneurially
Entrepreneurial
strategy
Entrepreneurial
management
Implementation / Outcome perception
Personal Expectation / Outcome comparison
PC PE PG
BE IDEA
•PC= personal characteristics
•PE= personal environment
•PG= personal goals
•BE= business environment
ECD Oct 14/Lecture 1/kce
15. Key Elements in
Entrepreneur’s Background
Supportive childhood family
environment.
Having a father who is self-
employed helps.
Education is important.
Aged 22-45 when starting
venture.
Work history: dissatisfied with
company job but has technical
knowledge.
15ECD Oct 14/Lecture 1/kce
16. Entrepreneurial Attributes
16
Internal locus of
control
Self-confidence
& Optimism
Need/drive to
achieve
Independence
Opportunity
orientation
Creativity &
Innovativeness
Calculated risk
taking
Tolerance for
Failure
ECD Oct 14/Lecture 1/kce
18. The Entrepreneurial Journey
• Entrepreneurs emerge as a function of value-
creation process.
• emergence of the opportunity
• emergence of the venture and
• emergence of the entrepreneur.
• Socially situated process that involves
numerous actors and events.
• Processes include emotions, impulses, and
physiological responses as individuals react to
a diverse, multifaceted, and imposing array of
activities, events and developments.
18ECD Oct 14/Lecture 1/kce
19. Different Types of Risk
19
THEDARKSIDEOF
ENTREPRENEURSHIP
Financial
Risk
Psychic
Risk
Career
RiskFamily&
SocialRisk
ECD Oct 14/Lecture 1/kce
20. Stress and the Entrepreneur
What is entrepreneurial stress?
• Discrepancies between a person’s expectations and
ability to meet demands need to be looked up to by your staff,
need to build up the company fast, need to put systems in place, market to
difficult markets do you have the ability to do it? the bigger the gap, the
higher the stress becomes
• Discrepancies between the individual’s expectations
and personality
20ECD Oct 14/Lecture 1/kce
21. Stress and the Entrepreneur
• Engage in constant communication activities interacting with
customers, suppliers, regulators, lawyers & accountants
(stakeholders) people in your company, outside your company, behind the scenes
• Entrepreneurs must bear the cost of their mistakes while
playing a multitude of roles – salesperson, recruiter,
spokesperson & negotiator need to wear a lot of different hats
21ECD Oct 14/Lecture 1/kce
22. Stress and the Entrepreneur
• Lack of support from colleagues that
may be available to managers in a large
corporation
• Require a large commitment of time &
energy, often at the expense of family &
social activities.
22ECD Oct 14/Lecture 1/kce
25. Sources of Stress
• People problems
Successful entrepreneurs are to
some extent perfectionists and know
or insist how they want things done
(need to have vs good to have!)
• Need to achieve
Achievement brings satisfaction
25ECD Oct 14/Lecture 1/kce
26. Stress and the Entrepreneur
• What kind of behaviour does an
entrepreneur exhibit when stressed?
26ECD Oct 14/Lecture 1/kce
27. Stress and the Entrepreneur
• Stress can result from personality
• ‘Type A’ behaviour
• Impatient, demanding & over strung
• Chronic & severe sense of urgency want to be better
than competitors
• Constant involvement in multiple projects
subject to deadlines
• Neglect all aspects of life except work
• Tendency to take on excessive responsibility
• Tendency to speak faster than most people
27ECD Oct 14/Lecture 1/kce
28. Dealing With Stress
Networking
Getting
away from it
all
Communicating
with employees
Finding
satisfaction
outside the
company
Delegating
Mental health
check-up (or
counselling)
Knowing self
and
business/life
partners
28ECD Oct 14/Lecture 1/kce
29. Defining Entrepreneurial Ethics
• Provide the rules for how society conducts any
activity in an ‘acceptable’ manner.
• Entrepreneurs are confronted by shareholders,
customers, managers, the community,
government, employees, unions, peers and so
on.
• Values, mores and societal norms all constantly
fluctuate.
• ‘Deciding what is good or right or bad and
wrong in such a dynamic environment is
necessarily ‘situational’.
29ECD Oct 14/Lecture 1/kce
30. 30
Chinese milk powder contaminated
with melamine sickens 1,253 babies
Sanlu, China's biggest milk powder
manufacturer, sold contaminated milk after
farmers laced their produce with industrial
chemicals to increase its protein content
ECD Oct 14/Lecture 1/kce
31. 31
India turning into hub for
fake medicines
The global fake-drug
industry, worth about
US$90 billion, causes
the deaths of almost 1M
people a year.
Tricks of the trade include
sticking fraudulent labels
on expired products,
filling vials with water,
putting chalk powder in
medicine packets.
http://www.washingtonpost.com/wp-
dyn/content/article/2010/09/10/AR20100910067
00.html
ECD Oct 14/Lecture 1/kce
32. Types of Morally Questionable Acts
TYPE DIRECT EFFECT EXAMPLES
Non-role Against the firm - Expense account cheating
-- Embezzlement
Role failure Against the firm -Superficial performance
appraisal
-- Not confronting expense
account cheating
Role
distortion
For the firm - Bribery
-- Manipulating suppliers
Role
assertion
For the firm - Not withdrawing product
line in face of initial
allegations of inadequate
safety
32
Source: James A. Water and Frederick Bird, ‘Attending to Ethics in Management’, Journal of
Business Ethics, 5, 1989:494
ECD Oct 14/Lecture 1/kce
33. 33
Corruption Perceptions Index
• Globally oriented
entrepreneurs are
going to face a
myriad of business
environments in
the Asia–Pacific
ECD Oct 14/Lecture 1/kce
34. Social Entrepreneurship
• Social Entrepreneurs innovate & act according
to the desire to create & sustain social value
for others.
• Their assets & wealth are used to create
community benefit.
• Profits & surpluses are reinvested in the
business & community rather than distributed
to shareholders.
• There is either a double or triple bottom-line
paradigm that balances economic, social and
possibly environmental returns.
34ECD Oct 14/Lecture 1/kce
35. 35
Conclusion
The more you know, the
more prepared you will be
when opportunity knocks.
If you are lazy and wile
your time away, you would
not know how to take
advantage of opportunities
even if they stared you in
the face.
Li Ka Shing
ECD Oct 14/Lecture 1/kce
36. Recall Lecture Objectives
• Definitions
• Why be an Entrepreneur?
• Entrepreneurial Attributes
• Different Types of Risk
• Stress and the Entrepreneur
• Entrepreneurial Ethics
36ECD Oct 14/Lecture 1/kce
Editor's Notes
Manager: only manage people
Leader: still manage people but manage managers as well
Independence: to make your own decisions, doesn’t mean all decisions are thought of and done, many good entrepreneurs listen to others and the experts in the field before making decisions
Freedom: want to be free from oppressive situations e.g. lousy boss, lousy pay, not have colleagues talking about them behind their backs
Fulfillment: satisfaction doesn’t mean fulfillment ability to do something that is beyond yourself e.g. prevent the end of something good, putting the end to something that is bad
Intrinsic: everything besides money
Super super important!
Ability to control your own success or failure e.g. those who do really well in exams, have extremely high internal locus of control will say, I studied very hard and that’s why I do very well (vs external locus of control will say, the paper was easy, I was lucky)
Even when faced with major obstacles, see the optimistic side of the situation (the optimism will pass on to your workers as well)
Strong drive to compete, to attain challenging self-imposed goals e.g. Bill Gates wanted to win in everything and set himself unattainable targets. Even though he didn’t achieve all, he went very close to meeting them (always set the bar higher to achieve high growth)
Desire to make own decisions (but not all of them)
When others see a chaotic situation, entrepreneurs see an opportunity (no matter what circumstance)
(next lecture)
Not taking risks plainly, taking CALCULATED risks e.g. Bill Gates did not just quit Harvard and start Microsoft. He applied to take an approved leave of absence from Harvard before going out to start his business. in case he failed in starting his business, he can go back to Harvard and continue his studies (KIASU AH)
View failures as an outcome and use it for learning (!!!) they do not get disappointed if they fail successful entrepreneurs know when to stop and cut losses
Having clear picture of where the company is heading and communicate it to the employees e.g. clear idea of what the company is to be in the future, be able to paint the picture clearly
(!!!) about honesty, absolutely necessary to be successful (when you lie about something, people will not trust you anymore) e.g. hire courier services to ship large quantities of items even though you make losses relationships v important!
Even when things look bad, need commitment, determination and perseverance
Need to be able to present with high energy to your customers, employees e.g. building a routine, strict eating diets, sleep well
Able to build a good team
Take responsibility for your team employees look up to you. Take initiative, do more than what your competitors are doing
Not concerned (too much) about their job security and lack of information (doesn’t hinder them from making a decision) need to make decisions even in ambiguous situations with lack of information
A lot of problems that will appear everyday, need to be able to tackle the problems and handle them fast, put an end to the problems (grows with experience)
Don’t think that they know it all (even though they are independent in making decisions), get feedback from people they respect and value
Career risk: can get a job if they lose their job?
Financial risk: what if they become a bankrupt?
Psychic risk: in your mind (two levels) one, if the business fails, people don’t want to be known as failures, very shameful! Two, they might have had high flying jobs before becoming an entrepreneur, but when they start a company, nobody knows about it, can you take it?
Family and social risk: need to put in a lot of time into the company = less time with family and friends
At the workplace, cant share with people
At home, cant share with family cos they may not understand
Fits of anger or break down!
Networking with other business people e.g. people who have just started out companies, people who are experienced and have been through what you have been through
Taking a holiday take relaxing holidays to come back recharged and not more tired than when you left
(!!!) never underestimate employees, they may be able to give you advice
Need to have hobbies other than just work
Don’t try to do everything yourself
Especially when you feel that its too much get a health check up!
Need to know yourself, map out what are the things that drive yourself? Strengths and weaknesses? Preferences? Know that of your spouse, children etc. can work things out
Existential overheads
List them all down and prioritize them!