Intro to Entrepreneurship
Explain entrepreneurship and discuss its importance.
Describe corporate entrepreneurship and its use in established firms.
Discuss three main reasons people decide to become entrepreneurs.
Identify four main characteristics of successful entrepreneurs.
Explain five common myths regarding entrepreneurship.
Explain how entrepreneurial firms differ from salary-substitute and lifestyle firms.
Discuss the changing demographics of entrepreneurs in the United States.
Discuss the impact of entrepreneurial firms on economies and societies.
Identify ways in which large firms benefit from the presence of smaller entrepreneurial firms.
Explain the entrepreneurial process
Academic Definition (Stevenson & Jarillo)
Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control.
Venture Capitalist (Fred Wilson)
Entrepreneurship is the art of turning an idea into a business.
Explanation of What Entrepreneurs Do
Entrepreneurs assemble and then integrate all the resources needed – the money, the people, the business model, the strategy – to transform an invention or an idea into a viable business.
Myth 1: Entrepreneurs Are Born, Not Made
This myth is based on the mistaken belief that some people are genetically predisposed to be entrepreneurs.
The consensus of many studies is that no one is “born” to be an entrepreneur; everyone has the potential to become one.
Whether someone does or doesn’t become an entrepreneur is a function of their environment, life experiences, and personal choices.
Myth 2: Entrepreneurs Are Gamblers
Most entrepreneurs are moderate risk takers.
The idea that entrepreneurs are gamblers originates from two sources:
Entrepreneurs typically have jobs that are less structured, and so they face a more uncertain set of possibilities than people in traditional jobs.
Many entrepreneurs have a strong need to achieve and set challenging goals, a behavior that is often equated with
Describe corporate entrepreneurship and its use in established firms.
Discuss three main reasons people decide to become entrepreneurs.
Identify four main characteristics of successful entrepreneurs.
Explain five common myths regarding entrepreneurship.
Explain how entrepreneurial firms differ from salary-substitute and lifestyle firms.
Discuss the changing demographics of entrepreneurs in the United States.
Discuss the impact of entrepreneurial firms on economies and societies.
Identify ways in which large firms benefit from the presence of smaller entrepreneurial firms.
Explain the entrepreneurial process
Academic Definition (Stevenson & Jarillo)
Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control.
Venture Capitalist (Fred Wilson)
Entrepreneurship is the art of turning an idea into a business.
Explanation of What Entrepreneurs Do
Entrepreneurs assemble and then integrate all the resources needed – the money, the people, the business model, the strategy – to transform an invention or an idea into a viable business.
Myth 1: Entrepreneurs Are Born, Not Made
This myth is based on the mistaken belief that some people are genetically predisposed to be entrepreneurs.
The consensus of many studies is that no one is “born” to be an entrepreneur; everyone has the potential to become one.
Whether someone does or doesn’t become an entrepreneur is a function of their environment, life experiences, and personal choices.
Myth 2: Entrepreneurs Are Gamblers
Most entrepreneurs are moderate risk takers.
The idea that entrepreneurs are gamblers originates from two sources:
Entrepreneurs typically have jobs that are less structured, and so they face a more uncertain set of possibilities than people in traditional jobs.
Many entrepreneurs have a strong need to achieve and set challenging goals, a behavior that is often equated with