Chapter Objectives 1. 2. 3. 4. 5. 6. 7. Explain entrepreneurship and discuss its importance; Discuss three main reasons people decide to become entrepreneurs; Identify four main characteristics of successful entrepreneurs. Explain five common myths regarding entrepreneurship. Explain how entrepreneurs differ from businessperson. Discuss the impact of entrepreneurial firms on economies and societies. Explain the entrepreneurial process. Minicase: KLYMIT • Who? • What? • Why? • Where
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Entrepreneur Report Ben Cohen and Jerry Greenfield Ben Cohen and Jerry Greenfield are life-long friends and the cofounders of Ben & Jerry’s Homemade‚ Incorporated- a American ice cream company which manufactures ice cream‚ frozen yogurt‚ sorbet‚ and ice cream novelty products. They originally decided to go into the food business making bagels but found that the machines would be too expensive and settled on ice cream instead by taking a $5 course at Pennsylvania State University; an idea that
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Young Entrepreneur -The Way Ahead -Vivek Krishna.K Entrepreneurship is the practice of starting new organizations‚ particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking‚ as a majority of new businesses fail. Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship ranges in scale from solo projects
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WOMEN ENTREPRENEURS Concept An enterprise owned and controlled by women having a minimum financial interest of 51percent of the capital and giving at least 51 percent of the employment generated by the enterprise to women - Government of India A woman entrepreneur can be defined as a confident‚ innovative and creative woman capable of achieving self economic independence individually or in collaboration‚ generates employment opportunities for others through initiating‚ establishing and
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A Successful Entrepreneur Thalia Lyn Name: Yvette Shim Skill: Cake Baking Institution: St. Patrick’s Foundation Instructor: Mrs. Patterson Date: February 9‚ 2015 Table of Contents Introduction…………………………………………………………………1 Acknowledgement………………………………………………………….2 Education and background………………………………………………….3 The PEC’s of the Entrepreneur………………………………………………4 The challenges faced in the business……………………………………….5 How was the challenges dealth with………………………………………..6 What kind of support was
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A Paper Presentation on ROLE OF NEW AGE ENTREPRENEURS IN SHAPING INDIA Submitted by SHASHANK S SHENOY‚ PGDM‚ MATS Institute of Management & Entrepreneurship‚ Bangalore Email: mime.12.shashanksshenoy@gmail.com SUMANLATA SINHA‚ PGDM‚ MATS Institute of Management & Entrepreneurship‚ Bangalore Email: mime.12.sumanlata@gmail.com MATS Institute of Management & Entrepreneurship (Approved by AICTE‚ New Delhi) Jakkasandra Post‚ Kanakapura Taluk‚ Ramanagara Dist - 562112‚ Karnataka
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Challenges of the Entrepreneurs Starting A common denominator for all entrepreneurs is the challenge of starting a business‚ be it through inventing something‚ looking for a new idea within a business‚ finding the right opportunity to break into a business‚ or buying into a franchise. And all of these takes planning — organizing all the aspects so that you reach your goal. Capital/Funds This is by far the greatest of all challenges facing entrepreneurs. Most entrepreneurs go into business with
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Entrepreneurs have many of the same character traits as leaders‚ similar to the early great man theories of leadership; however trait-based theories of entrepreneurship are increasingly being called into question. Entrepreneurs are often contrasted with managers and administrators who are said to be more methodical and less prone to risk-taking. Such person-centric models of entrepreneurship have shown to be of questionable validity‚ not least as many real-life entrepreneurs operate in teams rather
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Concept of Entrepreneur The concept of Entrepreneurship is comparatively new and dynamic. The following eleven qualities/ attributes are considered to be some of the important ones for a successful entrepreneur on the basis of the research and experience is as follows:- a]High level of motivation‚ b]Moderate Risk-taker c]Self-confident with positive self concept‚ d]Excellent Leadership qualities e]Good Business acumen
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Chapter 3: THE ENTREPRENEUR PROCESS The virtues of a successful entrepreneur (The Start-Up) A successful entrepreneur has to have the ability to bring together team members who can complete each other. An entrepreneur faces challenges like a coach or a symphony conductor‚ who must blend a group of individuals with different backgrounds and expertise together to become a superb team. To do this‚ an entrepreneur needs to have strong leadership‚ organization‚ and communication skills. In the corporation
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