Learning Objectives
One of the common themes found in the definition of entrepreneurship recognize the important role that the entrepreneur plays.
2. Misconception About EntrepreneurshipWhat Is Entrepreneurship?
Misconception About Entrepreneurship
Differences Between Small Business and Entrepreneurship
The Entrepreneurial Decision Process
The Current important of Entrepreneurship
Who Are Entrepreneurs and What Do They Do?
If someone asked you right now to describe what you think entrepreneurship is. What would you say? I-low would you go about describe it?
1. What Is Entrepreneurship?
It is difficult to define the entrepreneurship is. The Entrepreneurship has long been described by researchers and writers with term such as new, innovative, flexible, dynamic, creative, and risk-taking.
Let’s look closer at each of these common themes so we can get a better understanding of what entrepreneurship is.
One of the common themes found in the definition of entrepreneurship recognize the important role that the entrepreneur plays.
Successful entrepreneurship takes only a grates idea. Having a great idea
Entrepreneurship is easy.
Entrepreneurship is a risky gamble.
Entrepreneurship is found only in small business.
Entrepreneurship and small businesses are the something.
Small Business
Independently owned, operated, and Financed.
Fewer than 100 employees
Doesn’t emphasize new or innovative practices
Little impact on industry
Entrepreneurship
Innovative practices
Goals are profitability and growth
Seeks out new opportunities
Willingness to take risks.
3. The Entrepreneurial Decision Process
Change from present lifestyle
Work environment
Disruption
Form new enterprise
- Desirable
1. cultural
2. Sub-cultural
3. Family
4. Teachers Peers
- Possible
1. Government
2. Background
3. Marketing
4. Financing
5. Role models
5. The Current Important of Entrepreneurship
How can we measures and entrepreneurial ventures? Entrepreneurship becomes important to every industry sector in the United States and in other global economies. Its importance can be shown in three areas:
1. Innovation: Innovating--a process of changing, experimenting, transforming. And revolutionizing.
2. Number of New Start-Ups: Why is the creation of new firm so important . It is important because these new firm contribute to economic development through such benefits as product-process innovations, increased tax revenues, societal betterment.
3. Job creation: Create Job
6. Who Are Entrepreneurs and What Do They Do?
1. Demographic profile of entrepreneurs
- a. Family birth order
- b. Gender.
- c. Work experience
- d, Education
- e. Entrepreneurial family
- j. Age
One list of personality characteristics included the following:
- - High level of motivation
- - Abundance of self-confidence
- - Ability to be involved for the long-term
- - High energy level
- - Persistent problem solver
- - High degree of initiative
- - Ability to set goals, and moderate-risk-taker.
