Professional Documents
Culture Documents
02 Lecture Notes
Overview
What is an Entrepreneur?
1) Someone who creates an enterprise founded on an
innovation, and;
2) assembles and manages the resources necessary to
successfully exploit that opportunity.
3) Entrepreneurs create new ideas, new businesses, new
industries and value.
What is Entrepreneurship?
Financial rewards
Drivers (Catalysts) of
Entrepreneurship
Drive to create, innovate
Opportunistic mindset
Desire to Achieve, satisfaction of building
something
Desire to be Independent and to control one’s
destiny
Access to capital, individuals or organizations to
facilitate start-up.
Dissatisfaction at work, job insecurity, downsized
Compulsion to follow a dream, recognized
Opportunity
Desire for financial rewards
Is this a good or bad time
to start a business?
Cons
Pros
Forces frugality
Risk Taking
Myth or Truth
(1 of 3)
1-22
Example of Walt Disney
as an Entrepreneur
True or False
6. Start a business and fail and you will never raise capital again.
15. Regarding ethics, “If you can get away with it, its okay”.