Professional Documents
Culture Documents
Who is an Entrepreneur?
ENTREPRENEURSHIP
Insane perseverance in the face of total rejection.
What Is An Entrepreneur?
ENTREPRENEUR
A vision-driven individual who assumes significant personal and financial risk to start or expand a business.
Entrepreneurship
Entrepreneurship: a way of thinking, reasoning, and acting that is: opportunity obsessed holistic in approach and leadership balanced
(This definition of entrepreneurship has evolved over the past two decades from research at Babson College and the Harvard Business School and has recently been enhanced by Stephen Spinelli, Jr., and John H. Muller, Jr., Term Chair at Babson College.)
Who is an Entrepreneur?
Situational more than personality
Flexibility
Age Distribution for Starting Company
Ability
20
25
30
35
40
45
Age
Who is an Entrepreneur?
Managers Opportunities
Future Goals
Change Status Quo
Possible
Entrepreneur
Satisfied manager
Perceived Capability
Blocked
Frustrated manager Classic bureaucrat
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Conquer problems, create successful venture Their workload is very hard to match
2.Hard work
Morally, legally and mentally accountable Want be rewarded for their efforts
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5.Reward orientation
Anything is possible Pride in something first class They are wholly "take charge" people
7.Orientation to excellence
8.Organization
9.Profit orientation
Failure? So what!
Failure seen differently in America & Europe.
In Europe it is a major set-back U.S. expected (required even!) Canada - in between but tending to U.S.
Our System:
Many entrepreneurs had been "blue collar" Many come from families of entrepreneurs Many are immigrants or their children But, there are no "rules" that ensure success
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Resources (4)
Exogenous forces
Creativity
Uncertainty
Leadership
Capital markets
Founder (1)
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Enlightened Serendipity
Being in the right place At the right time, Recognizing it, and Acting upon it, APPROPRIATELY and PASSIONATELY!!!
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