ch08 - MODULE 8 Itsnicetobeyourown boss What is...

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MODULE 8 ENTREPRENEURSHIP AND SMALL BUSINESS “It’s nice to be your own  boss” What is entrepreneurship and who are entrepreneurs? What should we know about small business, and how can you start one?
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ENTREPRENEURSHIP AND SMALL BUSINESS   Entrepreneurship and Entrepreneurs   MODULE GUIDE 8.1 Entrepreneurs are risk takers that spot  and pursue opportunities.  Entrepreneurs often share similar  personal characteristics.  Women and minority entrepreneurs are  growing in numbers.  Social entrepreneurs seek novel  solutions to social problems. 
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ENTREPRENEURSHIP AND SMALL BUSINESS   Entrepreneurship and Entrepreneurs Entrepreneurs  Risk takers that spot and pursue opportunities Entrepreneurship  Dynamic, risk-taking, creative, growth-oriented behavior. Necessity-based Entrepreneurship People starting new business because they have no other employment options Social Entrepreneurs  Seek Novel Solutions to Social Problems
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ENTREPRENEURSHIP AND ENTREPRENEURS   About Entrepreneurs Profile of Entrepreneurial Characteristics  Internal locus of control Believe in control of own destiny; self-directing and like autonomy High energy level Persistent, hard working, willing to exert extraordinary efforts to succeed High need for achievement Motivated to accomplish challenging goals; thrive on performance feedback Tolerance for ambiguity Risk taker; tolerate situations with high degrees of uncertainty Self-confidence Feel competent, believe in themselves, willing to make decisions Action orientation Try to act ahead of problems; want to get things done and not waste time Self-reliance Want independence; want to be their own boss, not work for
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This note was uploaded on 09/23/2010 for the course MGMT 3031 taught by Professor C during the Spring '09 term at UH Clear Lake.

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ch08 - MODULE 8 Itsnicetobeyourown boss What is...

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