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PPT : Entrepreneurship by Glenn Muske (Micro Business Specialist Oklahoma State University)
Content Inside :
* Truth
o Your idea must be good
o Your idea must be doable
o Your idea must be wanted or needed
o Your idea must be priced right
Myth # 10
* It takes a lot of money
* Truth – Over 50% start for under $10,000
o Also look for
+ Certain business types
+ Turn-around situations
+ Possibility of using other people’s money
Entrepreneur’s goal is
* By finding new solutions to existing problems
* Or by connecting existing solutions to unmet needs or new opportunities”
SOURCE: Lichtenstein & Lyons, Incubating New Enterprises: A Guide to Successful Practice, 1996 “to create or capitalize on new economic opportunities through innovation
Entrepreneurship Definitions:
* Creation of an innovative economic organization for the purpose of gain or growth under conditions of risk and uncertainty
* Self-employment through business ownership that includes significant elements of risk, control, and reward (Coleman Foundation)
* Organizing a business venture assuming a certain amount of risk to make a profit (Burns and Bolton)
More Definitions:
* Profits from bearing uncertainty and risk
* Purposeful activity to initiate and develop a profit-oriented business
* Moderate risk taking
* Creation of new organizations
* The pursuit of opportunity without regard to resources currently controlled
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Category : EntrepreneurSource : srdc.msstate.edu
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ENTREPRENEURSHIP PPT
Tags: business specialist, business types, business venture, coleman foundation, economic opportunities, micro business, organizing a business, oriented business