PowerPoint Presentation by jjzN44

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									WHAT IS AN ENTREPRENEUR?
• Seeks a profitable opportunity and takes the necessary risks to set up and operate
    a business
   • Strong desire to make their business grow
   • Overriding responsibility to use the resources of the organization to
   accomplish their goals
CATEGORIES OF ENTREPRENEURS

• Classic
• Change Agent
• Intrapreneur
• Serial Entrepreneur
REASONS TO CHOOSE ENTRE-
 PRENEURSHIP AS A CAREER PATH
Being Your Own Boss
Financial Success
  • Two-thirds of all millionaires are self-employed.

Job Security
  • Downsizing by large companies has eliminated more jobs than they created.

Quality of Life
  • Many define quality of life by their ability to fulfill social objectives.
THE ENVIRONMENT FOR
 ENTREPRENEURS
Globalization
  • Market products abroad and hire international talent

Education
  • U.S. colleges and universities offer entrepreneurship coursework, help
  students launch businesses, and teach entrepreneurship to young people.
Information Technology
  • Helps entrepreneurs work quickly and efficiently and market themselves

Demographic and Economic Trends
  • Aging of U.S. population
  • Growth of Hispanic population
  • Growth of two-income families
CHARACTERISTICS OF
 ENTREPRENEURS
• inquisitive
• passionate
• self-motivated
• honest
• courageous
• flexible
• intelligent
• reliable
STARTING A NEW VENTURE
Selecting a Business Idea
  • Finding something you love and determining whether you can satisfy a need
  • Buying an Existing Business
        • Employees in place, good or service is known in the marketplace
  • Buying a Franchise
        • Less risky than starting a new firm, but requires careful preparation

Creating a Business Plan
  • Helps an entrepreneur prepare resources and stay focused
  on key objectives
Finding Financing
• Seed capital
• Debt financing
• Equity financing
• Venture capitalists
• Angel investors
INTRAPRENEURSHIP
• Promoting innovation within the structure of an existing organization
• Skunkworks
• Pacing programs
• Helps firms retain valuable employees

								
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