>>>>>>>> Chapter 6 Starting Your Own Business: The

>>>>>>>> Chapter 6 Starting Your Own Business: The

>>>>>>>> Chapter 6 Starting Your Own Business: The Entrepreneurship Alternative g n i n r a Le Goals 1 Define the term entrepreneur and distinguish among entrepreneurs, small-business owners, and managers. 2 Identify the different types of 5 Identify personality traits that typically characterize successful

entrepreneurs. 6 Summarize the process of starting a new venture. entrepreneurs. 3 Explain why people choose to become entrepreneurs. 4 Discuss factors that support and expand opportunities for entrepreneurs. 7 Explain how organizations promote intrapreneurship. What is ? p i h s r u e n

Entrepre An entrepreneur is a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Differ from many small-business owners in their strong desire to make their business grow. Differ from managers through their overriding responsibility to use the resources of the organization to accomplish their goals. Willing to take risks. f o s e i r o Categ s r u e n e r Entrep

Classic Entrepreneurs Serial Entrepreneurs Social Entrepreneurs p i h s r u e n Entrepre r e e r a C a as More than 11% of Americans run their own business. In an average month, Americans start approximately 465,000 new businesses. The past two decades have shown a heightened interest in entrepreneurial careers. People choose entrepreneurship for many reasons Dissatisfaction with traditional work

Their ideas fulfill customer needs e l p o e P y Wh Become s r u e n e r p Entre Why ? p i h s

r u e n e r p e r t n E Being your Own Boss Self-management is the motivation that drives many entrepreneurs. Financial Success Entrepreneurs are wealth creators. Job Security Over the past ten years, large companies have eliminated more jobs than they have created. Quality of Life Starting a business gives the founder some choice over when, where, and how to work.

t n e m n o r i The Env for p i h s r u e Entrepren n o i t a z i l

Gl o b a The rapid globalization of business has created many opportunities for entrepreneurs / T I / n o i t a c E du & c i h p a r g Demo s d

n e r T c i nom o c E Education One hundred U.S. colleges and universities offer entrepreneurship majors. Universities are helping students launch businesses. Many programs teach entrepreneurship to young people. Information Technology Technology has given entrepreneurs tools that help them compete.

Entrepreneurs have used information technology to revolutionize industries. Demographic and Economic Trends Aging of U.S. population. Emergence of Hispanics as nations largest ethnic group. Growth of two-income families. f o s c i t s i r

e t c a r a h C s r u e n e r p Entre l a i r u e n Entrepre s

c i t s i r e Charact Vision - entrepreneurs begin with an overall idea for how to make their business idea a success High Energy Level - a willingness to work hard Need to Achieve - entrepreneurs work hard because they want to excel Self-Confidence - fearlessness in the face of difficult odds

Tolerance for Failure - entrepreneurs are not easily discouraged Creativity - entrepreneurs devise innovative ways to overcome difficult problems and situations Tolerance for Ambiguity - entrepreneurs take in stride uncertainties. Internal Locus of Control - entrepreneurs believe they can control their own fate l a i r u e n Entrepre Quiz A

g n i t r a t S e r u t n e V New Selecting a Business Idea Find something you love to do and are good at doing Can your idea satisfy a need in the marketplace? Entrepreneurs must be sure that the idea they choose has interest in the marketplace Business Plan a g

n i t a e r C n a l P s s e Busin 58% of the most recent Inc. CEOs did not create a formal written plan. But business plans do help entrepreneurs prepare enough resources and stay focused on key objectives. g n i

c n a n i Finding F Debt Financing Credit Cards Family and Friends Bank Loans (SBA backed) Equity Financing Venture Capitalists Angel Investors

Recently Viewed Presentations

  • Topic 12: Absolutism and Revolution

    Topic 12: Absolutism and Revolution

    In the 1500s, rulers of countries like Spain and France set up absolute monarchies. Power passed . from generation to generation . within families. Often had parliaments or other governing bodies that had no real power- ruler could dissolve them....
  • www.holycross.edu


    Archaeology, Art History & Heritage Conservation. English and American Studies. European Ethnology. Geography. German Studies. History. ... Cognitive Systems... and beyond. Interdisciplinary research networks and centers. ZEMAS: Center for Medieval Studies.
  • TTTTT Efektivita rozvoja udskch zdrojov Monosti prevodu mkkch

    TTTTT Efektivita rozvoja udskch zdrojov Monosti prevodu mkkch

    Investopedia explains Return On Investment - ROI Keep in mind that the calculation for return on investment and, therefore the definition, can be modified to suit the situation -it all depends on what you include as returns and costs. The...
  • Megastructure - jasonfsiegel.weebly.com

    Megastructure - jasonfsiegel.weebly.com

    Note. I got to add the following dictionary last night not reflected on your handout. Brown, Keith and Jim Miller. 2014. The Cambridge Dictionary of Linguistics
  • Windows Mobile and System Center Mobile Device Manager

    Windows Mobile and System Center Mobile Device Manager

    Windows Mobile devices to chose from to meet their needs. Just 5 years ago we started with one mobile operator and one phone. Important point we want to get across with this slide: ... Windows Mobile and System Center Mobile...
  • Bob Twiggs Co-inventor of the CubeSat A Short

    Bob Twiggs Co-inventor of the CubeSat A Short

    When the first Viking rocket failed, von Braun was authorized to prepare the Redstone rocket to launch a satellite. Von Braun's satellite and rocket were prepared for launch on January 31, 1958. The Redstone successfully put the satellite payload in...
  • The injured Limb - Shoulder and Elbow

    The injured Limb - Shoulder and Elbow

    Dr John Trantalis Common Fractures and Joint injuries Common Paediatric Lower Limb Fractures Avulsion fractures - tibial tuberosity and ACL Physeal fractures around the knee and ankle Femur # in children under 2 years - think child abuse!!!
  • Introduction to Seismology

    Introduction to Seismology

    Source: USGS Earthquake Hazards Program, Hazard Maps & Data Lower 48. This map shows the seismic ground accelerations used for the determination of seismic performance zones. It illustrates Ohio's susceptibility to a design earthquake as compared to other areas of...