The document discusses different types of entrepreneurship including small business entrepreneurship, large company entrepreneurship, social entrepreneurship, scalable startups, hustler entrepreneurship, innovative entrepreneurship, and imitative entrepreneurship. It also discusses characteristics of entrepreneurs such as being versatile, flexible, money savvy, resilient, focused, business smart, and good communicators. Some challenges entrepreneurs face are also mentioned such as securing funding, managing cash flow, developing new ideas, and dealing with failure.
This lesson will teach you the basics of entrepreneurship beginning with what role it plays in society and the economy. You will also know key concepts of common and core competencies which are required skills to become a successful entrepreneur. You will be able to understand the pros and cons of being an entrepreneur as compared to being an employee. A total persona of an entrepreneur will be included to you, including the characteristics, behaviors, activities, values, and mindset. Last, you will be exposed to the various exciting career opportunities in line with being an entrepreneur.
This is the first session of 3 consecutive sessions covering the Topics of Entrepreneurship and Small Business Management conducted for Pearson's BTEC in Business Management.
In this lecture we capture the essence of Entrepreneurship. Types of entrepreneurs and an emphasis on the concept of Social Entrepreneurship.
This lesson will teach you the basics of entrepreneurship beginning with what role it plays in society and the economy. You will also know key concepts of common and core competencies which are required skills to become a successful entrepreneur. You will be able to understand the pros and cons of being an entrepreneur as compared to being an employee. A total persona of an entrepreneur will be included to you, including the characteristics, behaviors, activities, values, and mindset. Last, you will be exposed to the various exciting career opportunities in line with being an entrepreneur.
This is the first session of 3 consecutive sessions covering the Topics of Entrepreneurship and Small Business Management conducted for Pearson's BTEC in Business Management.
In this lecture we capture the essence of Entrepreneurship. Types of entrepreneurs and an emphasis on the concept of Social Entrepreneurship.
Entrepreneur: Meaning & Definition of Entrepreneur, characteristics of Entrepreneur, origin &development of Entrepreneur, modern concept of Entrepreneur, deferens approaches of Entrepreneur
Entrepreneurship: meaning, importance of entrepreneurship, concepts, Characteristics, classifications of entrepreneurship, problems faced by entrepreneurs in India, Factor affecting
This PPT is made in accordance to the references taken from the small business management course on the Sayloracademy.org The ppt provides a brief introduction to the small business world. Along with, it provides a overall angle to the various components included in a small business. The ppt is concise and in a well defined manner so as the reader finds it out interesting and understandable.
Entrepreneur Definition,Function,Characteristics,Role of entrepreneurship in economic development,Features and Advantages of small business & setup small business
TLE 504 - Introduction to Entrepreneurship.pptxMendozaPatrice
There are people around the world who are unaware of their entrepreneurial potential. It is because, an entrepreneurial capacity is not innate in every person but has to be developed. Not all human being is born to become an entrepreneur or to engage in entrepreneurship. To become one of them, the education of a person should not be impeded or hindered by being financially-handicapped. It requires an initiative and the values of resourcefulness and self-determination. Through these, the person could find the opportunities for supports to develop his/her own competencies to think and innovate. These abilities can be noted on the persons that are not contented of what they do but, to keep on thinking. In fact, there are public servants who resign from government service and engage on entrepreneurial activities. They want to exploit their full potentials and became successful in business. Unlike in government service, it is in entrepreneurship where some people became successful in life. Because of their innovative, they could immediately implement what they thought and seek government supports when necessary. Entrepreneurship can be considered a national asset, and entrepreneurs are the drivers of that asset for any country. It is a dynamic process that not only increases wealth and but can also create value that results in improved well-being. It plays an important role in changing society, so it makes sense to cultivate, motivate, and remunerate this greatest asset to the greatest extent possible (Mohamed, 2020). Universities, being a brewing spot for knowledge spillover (Audretsch and Caiazza, 2016), are considered as an engine to improve economic growth by developing potential entrepreneurs (Lackéus, 2015; Ward et al., 2019). Entrepreneurial potential is a useful concept because not only it encompasses the degree in which an individual possesses entrepreneurial-related qualities, but also accounts for entrepreneurial intentions, or the state of mind of determination to act toward creating business. Intentions are particularly meaningful because they have a reasonably high prediction power of actual behavior (Krueger, 2017; Ward et al., 2019), and it is a good proxy to overview the short-term future of business activity. Hence, teachers are introduced to the concepts and theories of entrepreneurship, including some factors that drive entrepreneurship. While the topic requires more understanding, it is also necessary for the teachers that they be capacitated to become an entrepreneur as their additional tools in the delivery of service to communities.
500 Word Essays About Entrepreneurship and Its Types500 Word Essay
Entrepreneurship, often hailed as the backbone of economic growth and innovation, is a dynamic and multifaceted concept that involves the identification and exploitation of opportunities to create value. Entrepreneurs, fueled by a combination of vision, passion, and resilience, play a pivotal role in shaping industries, fostering economic development, and driving societal progress.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Entrepreneur: Meaning & Definition of Entrepreneur, characteristics of Entrepreneur, origin &development of Entrepreneur, modern concept of Entrepreneur, deferens approaches of Entrepreneur
Entrepreneurship: meaning, importance of entrepreneurship, concepts, Characteristics, classifications of entrepreneurship, problems faced by entrepreneurs in India, Factor affecting
This PPT is made in accordance to the references taken from the small business management course on the Sayloracademy.org The ppt provides a brief introduction to the small business world. Along with, it provides a overall angle to the various components included in a small business. The ppt is concise and in a well defined manner so as the reader finds it out interesting and understandable.
Entrepreneur Definition,Function,Characteristics,Role of entrepreneurship in economic development,Features and Advantages of small business & setup small business
TLE 504 - Introduction to Entrepreneurship.pptxMendozaPatrice
There are people around the world who are unaware of their entrepreneurial potential. It is because, an entrepreneurial capacity is not innate in every person but has to be developed. Not all human being is born to become an entrepreneur or to engage in entrepreneurship. To become one of them, the education of a person should not be impeded or hindered by being financially-handicapped. It requires an initiative and the values of resourcefulness and self-determination. Through these, the person could find the opportunities for supports to develop his/her own competencies to think and innovate. These abilities can be noted on the persons that are not contented of what they do but, to keep on thinking. In fact, there are public servants who resign from government service and engage on entrepreneurial activities. They want to exploit their full potentials and became successful in business. Unlike in government service, it is in entrepreneurship where some people became successful in life. Because of their innovative, they could immediately implement what they thought and seek government supports when necessary. Entrepreneurship can be considered a national asset, and entrepreneurs are the drivers of that asset for any country. It is a dynamic process that not only increases wealth and but can also create value that results in improved well-being. It plays an important role in changing society, so it makes sense to cultivate, motivate, and remunerate this greatest asset to the greatest extent possible (Mohamed, 2020). Universities, being a brewing spot for knowledge spillover (Audretsch and Caiazza, 2016), are considered as an engine to improve economic growth by developing potential entrepreneurs (Lackéus, 2015; Ward et al., 2019). Entrepreneurial potential is a useful concept because not only it encompasses the degree in which an individual possesses entrepreneurial-related qualities, but also accounts for entrepreneurial intentions, or the state of mind of determination to act toward creating business. Intentions are particularly meaningful because they have a reasonably high prediction power of actual behavior (Krueger, 2017; Ward et al., 2019), and it is a good proxy to overview the short-term future of business activity. Hence, teachers are introduced to the concepts and theories of entrepreneurship, including some factors that drive entrepreneurship. While the topic requires more understanding, it is also necessary for the teachers that they be capacitated to become an entrepreneur as their additional tools in the delivery of service to communities.
500 Word Essays About Entrepreneurship and Its Types500 Word Essay
Entrepreneurship, often hailed as the backbone of economic growth and innovation, is a dynamic and multifaceted concept that involves the identification and exploitation of opportunities to create value. Entrepreneurs, fueled by a combination of vision, passion, and resilience, play a pivotal role in shaping industries, fostering economic development, and driving societal progress.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
2. TYPES OF ENTREPRENEURSHIP
There are seven different leading types of
entrepreneurship, and we will discuss those
briefly.
Small Business Entrepreneurship.
Large Company Entrepreneurship.
Social Entrepreneurship.
Scalable Startup Entrepreneurship.
Hustler Entrepreneurship.
Innovative Entrepreneurship.
Imitator Entrepreneurship.
3. TYPES OF ENTREPRENEURSHIP
Small business entrepreneurship is the idea of
opening a business without turning it into a large
conglomerate or opening many chains. A single-
location restaurant, one grocery shop.
Large Company Entrepreneurship:
These are companies that start with a unique idea;
think Silicon Valley. The hopes are to innovate with
a unique product or service and continue growing
the company, continuously scaling up as time
moves on. These types of companies often require
investors and large amounts of capital to grow their
idea and reach multiple markets.
4. TYPES OF ENTREPRENEURSHIP
Social Entrepreneurship
The goal of social entrepreneurship is to create a
benefit to society and humankind. They focus on
helping communities or the environment through
their products and services. They are not driven by
profits but rather by helping the world around them.
A scalable startup
is one that aims to become an extremely high
growth, profitable company but is only just
beginning. This startup model requires external
capital and risk in order to create demand and
company expansions.
5. TYPES OF ENTREPRENEURSHIP
Hustler Entrepreneurship
People who are willing to work hard and put in
constant effort are considered hustler entrepreneurs.
They often start small and work toward growing a bigger
business with hard work rather than capital.
Innovative entrepreneurship
The practice of establishing creating new business
ideas intending to generate profit, assist their
community and accomplish company goals.
Innovative entrepreneurs develop business models to
identify to meet the needs of an organization and
improve their competitiveness in the market
6. TYPES OF ENTREPRENEURSHIP
Imitative entrepreneurs are
Those who run their enterprises by imitating the
successful innovations applied by innovative
entrepreneurs. In other words, they do not have an
interest in innovative activities, the same as that
innovative entrepreneurs.
Corporate entrepreneurship (CE)
A term used to describe entrepreneurial behavior inside
established mid-sized and large organizations. Other
popular or related terms include organizational
entrepreneurship, entrepreneurship, corporate
venturing, and strategic entrepreneurship
7. TYPES OF ETHICAL ISSUES IN
ENTREPRENEURSHIP
Discrimination. One of the biggest ethical issues
affecting the business world in 2020 is
discrimination. ...
Harassment. ...
Unethical Accounting. ...
Health and Safety. ...
Abuse of Leadership Authority. ...
Nepotism and Favoritism. ...
Privacy. ...
Corporate Espionage
8. INNOVATION
A new idea, method, or device : novelty.
The introduction of something new.
Solution of a unique problem.
Types of innovation
9. TYPES OF ENTREPRENEUR
Builder
Builders seek to create scalable businesses within a
short time frame. Builders typically pass $5 million
in revenue in the first two to four years and continue
to build up until $100 million or beyond.
Opportunist
Opportunistic entrepreneurs are optimistic individuals
with the ability to pick out financial opportunities,
getting in at the right time, staying on board during
the time of growth, and exiting when a business hits
its peak.
10. TYPES OF ENTREPRENEURS
Innovator
Innovators are those rare individuals that come
up with a great idea or product that no one has
thought of before. Think of Thomas Edison,
Steve Jobs, and Mark Zuckerberg. These
individuals worked on what they loved and
found business opportunities through that.
Specialist
These individuals are analytical and risk-averse.
They have a strong skill set in a specific area
obtained through education or apprenticeship.
11. 7 CHARACTERISTICS OF ENTREPRENEURS
1. Versatile
When starting out, it’s essential to personally handle
sales and other customer interactions whenever
possible. Direct client contact is the clearest path to
obtaining honest feedback about what the target
market likes and what you could be doing better.
2. Flexible
Few successful business owners find perfect
formulas straight out of the gate. On the contrary:
ideas must morph over time.
12. 7 CHARACTERISTICS OF ENTREPRENEURS
3. Money Savvy
Through the heart of any successful new business, a
venture beats the lifeblood of steady cash flow.
4. Resilient
A successful entrepreneur must show resilience to all
the difficulties on the road ahead. Whenever they
meet with failure or rejection they must keep
pushing forward.
5. Focused
Similar to resilience, a successful entrepreneur must
stay focused and eliminate the noise and doubts
that come with running a business.
13. 7 CHARACTERISTICS OF ENTREPRENEURS
6. Business Smart
Knowing how to manage money and understanding
financial statements are critical for anyone running their
own business. Knowing your revenues, your costs, and
how to increase or decrease them, respectively, is
important. Making sure you don't burn through cash will
allow you to keep the business alive.
7. Communicators
Successful communication is important in almost every
facet of life, regardless of what you do. It is also of the
utmost importance in running a business. From
conveying your ideas and strategies to potential
investors to sharing your business plan with your
employees to negotiating contracts with suppliers all
require successful communication.
