entrepreneurship

• Entrepreneurship is a proactive process of developing a business venture to make a profit
• entre - between
• prendre - to take
• idealization - dream and desire to build an ideal environment
• visualization - creates plan to make the dream
• verbalization - sharing ideas with other people
• materialization - vision becomes reality
• proactive - address issues, problems, and challenges before they come
• agents of change - see opportunities in hopeless and complex situations
• risk takers - grab opportunities left and right
• have a sharp eye for opportunities - have a talent for recognizing an opportunity
• sociable - to establish relationship with customers
• networkers - knows the key people to connect with
• decisive - always have a decision about their business
• balanced - should have a balance between analytical and creative side
• innovative - rich with big ideas
• entrepreneurship produces more jobs that equate to an increase in national income
• entrepreneurship introduces new and innovative products and services
• entrepreneurship applies economic activities of different sectors of society
• entrepreneurship improves people’s living standards
• entrepreneurship disperses the economic power and creates equality
• entrepreneurship controls the local wealth and balances regional development
• entrepreneurship reduces social conflict and political unrest
• entrepreneurship elicits economic independence and capital formation
• The self-employed – want to do things on their own
• The manager – feel the need to step up and ask some help from people around them
• The leader – enjoy seeing people flourish, stepping up, and producing great results with minimal supervision
• The investor – look for more opportunities for their business to grow
• The true entrepreneur – fully learned, and continue to practice four-step process of thinking
• Leaders – should always have the heart of a leader
• Communicators – should know how to use all forms of communication
• Specialists – experts in their chosen business
• Problem solvers – possess critical thinking skills