ENTREPRENEURSHIP (2)

• Entrepreneurship


  The word originates from a thirteenth-century French verb, entreprendre
• Entprendre


  meaning "to do something" or "to undertake"
• Entrepreneurship 


  the study of how new businesses are created as well as the actual process of starting a new business
• Entrepreneurship 


  the term is used interchangeably
• Entrepreneur 


  who has an idea and who works to create a product or service that people will buy, by building an organization to support those sales
• Entrepreneurship 


  popular college major, with a focus on studying new venture creation
• Entrepreneurship 


  popular college major, with a focus on studying new venture creation
• Entrepreneurship 


  the process of designing, launching and running a new business, which is often initially a small business
• Entrepreneurship 


  "capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit
• Entrepreneur 


  people who create a businesses
• Entrepreneur 


  people who create a businesses
• Entrepreneurship 


  typically focus on the launching and running of businesses, due to the high risks involved in launching a start up
• Entrepreneurship 


  a significant proportion of start-up businesses have to close due to "lack of funding, bad business decision, government policies, an economic crisis, lack of market demand, or a combination of all of this
• Development of Managerial Capabilities 


  one of the benefits an entrepreneur gets is to develop his managerial skills
• Creation of Organization 


  because of entrepreneurship many organizations will exist
• Improving Standard of Living


  entrepreneurship can lift up the economic status of an individual
• Means of Economic Development 


  not only the life of the entrepreneur is improved but also the society where the business is located
• Entreprendre


  pinpointing to those who "undertake" the risks of enterprise
• Entrepreneurship 


  enterprise is created by an entrepreneur and the process is called
• Entrepreneurs


  innovators, willing to take risk and generate new ideas to make it unique and profitable solutions to the present-day problems
• Initiative 


  doing things even before being told
• Proactive 


  he can classify opportunities and seize it
• Problem Solver


  he can retain good relations with other people
• Perseverance 


  will pursue things to get done regardless of challenges
• Persuasion 


  entice people to buy even if they don't
• Planner


  makes plan before doing things and do not fail to monitor it
• Risk Taker


  he is willing to gamble but he will calculate it first
• Personality Factor


  Initiative

  Proactive

  Problem Solver

  Perseverance

  Persuasion

  Planner

  Risk Taker
• Environmental Factors


  political, climate, legal system, economic and social conditions and market situations
• Decisive 


  must be firm in making decisions
• Communicator 


  must have a convincing power
• Leader

  must have the charisma to be obeyed by his employees
• Opportunity Seeker 


  must have the ability to be the first to see business chances
• Proactive 


  controlling a situation by making things to happen or by preparing for possible future problems
• Risk Taker 


  courage to pursue what is their business ideas
• Innovative

  have big business ideas and they do not stop improving and thinking of new worthwhile ideas for their business
• Economic and Dynamic Activity 


  involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources
• Innovative 


  constantly look for new ideas, thus he needs to be creative
• Profit Potential 


  can be compensated by his profit coming from the operation
• Rist bearing 


  needs to gamble but wise enough to offset the risk