Entrepreneurship involves seeing opportunities and bringing about change through innovation. It is the practice of starting new organizations, particularly businesses, by identifying opportunities and pursuing them beyond one's current resources with the belief that the opportunity can be achieved. The goal of entrepreneurial education is to teach people to see opportunities and act on them, as entrepreneurship applies to everyone regardless of their career. It is important to understand entrepreneurship to respond to change, adjust to competitive global economies, and stimulate new businesses and the overall economy.

1. Entrepreneurship
What is Entrepreneurship?

3. Did You Know?
You have endless opportunities.

4. Entrepreneurship
• Is about seeing opportunities and bringing about
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change
It is the search for new products, new production
methods, new markets, and new forms of an
organization
It is based on innovation and the desire for
change
It is looking at the world the way you want it to
be, rather than the way it is

5. Entrepreneurship
• Entrepreneurship is the practice of starting new
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organizations, particularly new businesses
generally in response to identified opportunities
Entrepreneurship is the process of looking at
things in such a way that possible solutions to
problems and perceived needs may evolve in
venturing
The most important factor in entrepreneurship is
the ability to recognize an opportunity

6. Entrepreneurship
Entrepreneurship =
1. Identify an opportunity
2. Pursue that opportunity beyond your
current resources
3. Believe that opportunity can be achieved

7. Why Learn About
Entrepreneurship
• The goal of entrepreneurial education is to teach
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young people to see opportunities and act on
them
Many people choose to leave problem solving
and innovation to others - Entrepreneurs do not
Entrepreneurship involves learning about new
ideas, approaches, methods and styles that can
be tested
Students should understand that entrepreneurial
education and spirit applies to everyone
regardless of what position, occupation or
profession an individual selects.

8. Importance of
Entrepreneurial Education
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To respond to change
Adjust to global, competitive economy
To stimulate new business and the
economy
• To help reduce the number of failed
business ventures

9. Why Do Businesses
Fail?
• The number one reason businesses fail is
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because of poor planning
Too much competition
Poor location
Improper marketing
Inadequate funding
Poor management

10. Rewards of Entrepreneurship
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Be your own boss
Financial freedom
Set your own schedule
Enjoyment of work
Learn all aspects of a business
Become a leader in the community
Can be exciting

11. Drawbacks of Entrepreneurship
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Long hours
Emotional energy
Responsibility is on your shoulders
Stress
Time away from family and friends
Risk of business failure