Chapter 01 - Essentials of Entrepreneurship ENTR 2001 What...

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Essentials of Entrepreneurship ENTR 2001 Session 2 What is an Entrepreneur? Patterns of Entrepreneurship Management Chapter 1
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Today’s Agenda Pledge/Contract - turn in Quiz 1/Background – Submit What is Entrepreneurship Entrepreneurial Facts Entrepreneurial Mindset Entrepreneurial Types
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Session Outline What is Entrepreneurship? Definition Examples Entrepreneurial Characteristics Why? The Choice Types Common Characteristics © 2010 Jack M. Kaplan & Anthony C. Warren
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What is Entrepreneurship? Root of the Word From the French word entreprendre , which means “to start”, “to undertake”. It refers to individuals who “undertook” the risk of a new enterprise Today’s Meaning The process of planning, organizing, operating, and assuming the risk of a business venture © 2010 Jack M. Kaplan & Anthony C. Warren
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What is Entrepreneurship? Today’s Meaning More than just the creation of a business; it also includes the generation and implementation of an idea. It is about being a dynamic thinker and operator, which includes effective communication to all of your stakeholders. It is not about being a maverick; entrepreneurs must think tactically and strategically, and operate in a similar fashion. © 2010 Jack M. Kaplan & Anthony C. Warren
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Quick Facts Annual creation of 600,000 to 800,000 new companies More US company births annually than human births More employees work for entrepreneurial ventures than any other sector in the economy No sector of the U.S., and world, economy has been as vital, dynamic, and creative as entrepreneurship Think: © 2010 Jack M. Kaplan & Anthony C.
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