The document discusses what it means to be an entrepreneur. It provides definitions of entrepreneur from Joseph Schumpeter and Peter Drucker, both of which focus on innovating and exploiting opportunities. The document then lists personal traits needed for entrepreneurship like passion, self-motivation, accountability, and time management. It stresses the importance of having an innovative product or service idea, knowing your market by researching, and networking. The document advises doing a SWOT analysis to evaluate strengths, weaknesses, opportunities, and threats for a potential business venture.

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Passion for Entrepreneurship

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- Founded in
September, 2009
- Specialized in
Language Services
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WHAT IS AN
ENTREPRENEUR?
What are we talking about here?

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“Entrepreneur - A person who organizes
and manages any enterprise, especially
a business, usually with
considerable initiative
and risk.”

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Joseph Schumpeter (1934)
“Entrepreneurs are innovators who use a
process of shattering the status quo of
the existing products and services, to set
up new products, new services.”

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Peter Drucker (1964)
“An entrepreneur searches for change,
responds to it and exploits opportunities.
Innovation is a specific tool of an
entrepreneur…”

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WHAT DOES IT TAKE TO BE
AN ENTREPRENEUR?

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PERSONAL TRAITS /
COMPETENCIES
Passion for Entrepreneurship

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Self-Motivation

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Personal Accountability

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Discipline

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Time
Management

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Learn to
Prioritize

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Be critical and
objective
when you
evaluate
yourself

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Know your
Strengths and
Weaknesses
What you can
do and what
you can't

23. INNOVATIVE PRODUCT OR
SERVICE
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Believe in what you sell – how?

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26. A GOOD PRODUCT IDEA IS
NOT ENOUGH
Many great ideas fails for other reasons
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You must be well
rounded

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Research and know your
market

29. Networking – Get involved
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30. HERE IS SOME ADVICE FROM
THE BEST
And if you don’t believe me…
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Richard Branson's
Five Secrets to
Business Success

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36. A SWOT ANALYSIS FOR THE
POTENTIAL ENTREPRENEUR
Now it’s your turn…
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37. Group SWOT
Analysis
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38. Take into
account…
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