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The
The Foundations
Foundations of
of
Entrepreneurship
Entrepreneurship
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What is an Entrepreneur?
One who creates a new business in the face
of risk and uncertainty for the purpose of
achieving profit and growth by identifying
opportunities and assembling the necessary
resources to capitalize on them.
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Characteristics of
Entrepreneurs
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Entrepreneurship
Diversity!
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Benefits of Entrepreneurship
The opportunity to:
Make a difference
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Drawbacks of
Entrepreneurship
Uncertainty of income
Risk of losing your entire investment
Long hours and hard work
Lower quality of life until the business
gets established
High levels of stress
Complete responsibility
Discouragement
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Feeding the
Entrepreneurial Fire
Entrepreneurs as heroes
Entrepreneurial education
Technology advancements
Independent lifestyle
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Feeding the
Entrepreneurial Fire
(continued)
Entrepreneurs as heroes
Entrepreneurial education
Demographic and economic factors
Shift to a service economy
Technology advancements
Independent lifestyles
E-commerce and the Internet
International opportunities
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Young entrepreneurs
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Young entrepreneurs
Women entrepreneurs
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Young entrepreneurs
Women entrepreneurs
Minority-owned enterprises
Immigrant entrepreneurs
Part-time entrepreneurs
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Home-based businesses
Family businesses
Copreneurs
Corporate castoffs
Corporate dropouts
Social entrepreneurs
Retiring Baby Boomers
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Conclusion
Entrepreneurs:
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What is Ahead?
Section 1: The Challenge of Entrepreneurship
Section 2: Building a Business Plan:
Beginning Considerations
Section 3: Building a Business Plan:
Marketing Considerations
Section 4: Building a Business Plan:
Financial Matters
Section 5: Putting the Business Plan to Work:
Making the New Venture a Success
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