Overview of an Entrepreneurship

Overview of an Entrepreneurship

Lesson 1

What is Entrepreneurship?

[Overview of Entrepreneurship]

What is Entrepreneurship?

• Entrepreneurship is a broad subject that has various definitions.

• Some define it as a "process" of identifying business opportunities.

• It is a study of "how new businesses are created"

• It is the "actual creation of business"

• Entrepreneurship is the process of coming up with an idea and forming it into a business.

Entrepreneur vs. Businessman

• A businessman is someone who starts a business venture using traditional concepts or ideas.

• Entrepreneurs are individuals who think of new ideas and materialize them into a possible business venture.

• Regardless of educational attainment and social class, anyone can be an entrepreneur. But it does not mean that anyone can become an entrepreneur the moment they want to be.

• Being an entrepreneur entails skills which are necessary for the whole duration of the process.

Set and visualize your goal.

Have a clear picture of your vision

Plan and accomplish, even the slightest detail counts.

Be aware of every detail that might help you achieve your vision

Time is a resource.

Do not wate it manage it properly. Procasination is the enemy of success.

Time is the most valuable asset you can have.

Be outcome-oriented.

Have a clear grasp of the output you are trying to produce.

TAKE into consideration every ACTION you will have to undertake but FOCUS mainly on the outcome and never change your initial goal

Mind makeover.

Remind yourself always of the person you want to be.

Learn from experiences and lead yourself to your desired goals

Focus.

Focus on the present.

Concentrate doing the things you are presently doing while keeping your head up on the future

A Framework for Successful Business

• Idea

• Innovation

• Manpower

• Strategy

• Risks and Competition

#EntrepGoals