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Being an Entrepreneur

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“one who organizes, manages and
assumes the risks of a business or
enterprise.” - Merriam-Webster
Who is an Entrepreneur?

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“a person who organizes and
manages any enterprise, especially a
business, usually with considerable
initiative and risk.” – Dictionary.com
Who is an Entrepreneur?

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“entrepreneurship is the pursuit of
opportunity without regard to resources
currently controlled” – Harvard Business
School Professor, Howard Stevenson
Who is an Entrepreneur?

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• An activity where individuals organize capital,
land and labor in order to create a good or
provide a service and generate profits.
• (It’s a business!!)
What is an Enterprise?

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• The process a person undergoes to set up a business.
• Also includes the successful running of the business.
• Entrepreneur + Enterprise= Entrepreneurship
What is Entrepreneurship?

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o Realize an opportunity
o Consolidation of resources : bringing together
finance, innovation, people, etc.
o Implementation/Creation of venture : starting
a business after resources are brought together
o Recover Costs
What do Entrepreneurs Do?

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Common Characteristics of
Entrepreneurs
Confident
Innovative
Resilient
“People”
Person
Patient
Motivated
Results
Oriented
Leader
Committed
Risk Taker
Positive

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o Take the quiz on this page…
Are you an Entrepreneur?

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