Chapter 6 - CHAPTER 6 WHAT IS ENTREPRENEURISHIP - An...

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CHAPTER 6 WHAT IS ENTREPRENEURISHIP - 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 CATEGORIES OF ENTREPRENEURS 1. Classic Entrepreneurs a. Pursue and allocate resources 2. Serial Entrepreneurs a. Start one business after another 3. Social Entrepreneurs a. Society's challenges (i.e. healthy stores) ENTREPRENEURSHIP AS A CAREER 1. More than 12% of Americans run their own business 2. In an average month, Americans start approximately 465000 new businesses 3. The past two decades have witnessed a heightened interest in entrepreneurial careers 4. People choose entrepreneurship for many reasons a. Dissatisfaction with traditional work b. Desire to be one's own boss c.
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Chapter 6 - CHAPTER 6 WHAT IS ENTREPRENEURISHIP - An...

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