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ENTREPRENDRE
(19TH
C. FRENCH WORD)
‘somebody who undertakes’.
Entrepreneurs are people that notice
opportunities and take the initiative to mobilize
resources to make new goods and services.
Intrapreneurs also notice opportunities and take
initiative to mobilize resources, however they
work in large companies and contribute to the
innovation of the firm.
Intrapreneurs often become entrepreneurs.
Common traits
Original thinkers
Risk takers
Take responsibility for own actions
Feel competent and capable
Set high goals and enjoy working toward them
Successful
Creative and Innovative.
Create new products.
Create new processes
Create new delivery
Unsuccessful
Poor Managers
Low work ethic
Inefficient
Failure to plan and
prepare
Poor money managers
Successful
Entrepreneurs
Key Personal
Attributes
Good Technical Skills
Strong Managerial
Skills
Entrepreneurs are Made, Not Born!
Many of these key attributes are developed early in life,
with the family environment playing an important role.
 Need for Achievement
A person’s desire either for excellence or to succeed in
competitive situations
Desire for Independence
Entrepreneurs have internal drive, are confident in
their own abilities, and possess a great deal of self-
respect.
Many entrepreneurs demonstrate strong technical skills,
typically bringing some related experience to their
business ventures
For example, successful car dealers usually have lots of
technical knowledge about selling and servicing
automobiles before opening their dealerships
Especially important in the computer industry
NOT ALWAYS NECESSARY
Business Plan – A step-by-step outline of how an
entrepreneur or the owner of an enterprise expects to
turn ideas into reality.
What are my motivations for owning a business?
Should I start or buy a business?
What and where is the market for what I want to sell?
How much will all this cost me?
Should my company be domestic or global?
Going Global….
From domestic to worldwide expansion, globalization can be
extremely rewarding for entrepreneurs.
THINK: Money and Business Exposure
However, it is a huge undertaking. Adapting your business to operate
in the global market can lead to a decrease in ownership, and a forced
focus on raising money to keep your business alive.
THINK: Selling out, Private to Public (Initial Public Offering, IPO)
 Over 50% of the U.S. Gross Domestic Product (GDP) is generated
from family business.
 12% of CEOs on the Inc. 500 list describe their company as a family
business.
So, why not dream up a plan and go
into business with your family or
friends?
Entrepreneurship
Entrepreneurship

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Entrepreneurship

  • 2.
  • 3. Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services. Intrapreneurs also notice opportunities and take initiative to mobilize resources, however they work in large companies and contribute to the innovation of the firm. Intrapreneurs often become entrepreneurs.
  • 4. Common traits Original thinkers Risk takers Take responsibility for own actions Feel competent and capable Set high goals and enjoy working toward them
  • 5. Successful Creative and Innovative. Create new products. Create new processes Create new delivery Unsuccessful Poor Managers Low work ethic Inefficient Failure to plan and prepare Poor money managers
  • 7. Entrepreneurs are Made, Not Born! Many of these key attributes are developed early in life, with the family environment playing an important role.  Need for Achievement A person’s desire either for excellence or to succeed in competitive situations Desire for Independence Entrepreneurs have internal drive, are confident in their own abilities, and possess a great deal of self- respect.
  • 8. Many entrepreneurs demonstrate strong technical skills, typically bringing some related experience to their business ventures For example, successful car dealers usually have lots of technical knowledge about selling and servicing automobiles before opening their dealerships Especially important in the computer industry NOT ALWAYS NECESSARY
  • 9. Business Plan – A step-by-step outline of how an entrepreneur or the owner of an enterprise expects to turn ideas into reality.
  • 10. What are my motivations for owning a business? Should I start or buy a business? What and where is the market for what I want to sell? How much will all this cost me? Should my company be domestic or global?
  • 11. Going Global…. From domestic to worldwide expansion, globalization can be extremely rewarding for entrepreneurs. THINK: Money and Business Exposure However, it is a huge undertaking. Adapting your business to operate in the global market can lead to a decrease in ownership, and a forced focus on raising money to keep your business alive. THINK: Selling out, Private to Public (Initial Public Offering, IPO)
  • 12.  Over 50% of the U.S. Gross Domestic Product (GDP) is generated from family business.  12% of CEOs on the Inc. 500 list describe their company as a family business. So, why not dream up a plan and go into business with your family or friends?