Entrepreneurship. part 1 =.="

We need to study this particular subject- Entrepreneurship...

Now, what's entrepreneurship?
Entreprenership is the art of changing an idea into a business.

Entrepreneurial Firms are...
-proactive
-innovative
-risk taking

Reasons why people go for it...
-desire to be own boss
-desire to persue own ideas
-financial rewards

characteristic for succesful entrepreneurs
-passion for business
-product/customer focus
-tenancity despite failure
-execution intelligence

Myths abt entrepreneurs
-Entrepreneurs are born not made
-............. are gambler
-............. are motivated primarily by money
-............. should be young and energetic
-............. love the spotlight

Types of start-up Firms
-salary-substitute firms
-lifestyle firms
-entrepreneurial firms

Entrepreneurial process
-deciding to become an entrepreneur
-developing successful business idea
-moving from an idea to an entrepreneurial firm
-managing and growing the entrepreneurial firm