Entrepreneurship: Overview and Concepts

A person who creates unique ideas that will be useful for starting a business.

• Marketing Staff

• Entrepreneur

• Innovator

• Businessman

The science of converting processed ideas into a remarkable business venture

• Economics

• Accounting

• Marketing

• Entrepreneurship

Which of the following is NOT important in Entrepreneurship Education

• Alternative career path

• Key economic driver

• Huge improvement of Mathematical skills

• Increase the level of knowledge, competence and improve the quality of life

Entrepreneurs should set goals that are specific, measurable, attainable, realistic, and time-bound because it will increase the chances of achieving that goal

• Specific Goal Setting

• Need for Achievement

• Ambition

• Self-Efficacy

Entrepreneurs must have motivation and persistence to pursue their goals.

• Planner

• Goal Oriented

• Ambition

• Dream Chaser

Entrepreneurs should have strong skills in working with people. They should have an understanding of the behavior of others.

• Good work ethic

• Interpersonal Skills

• Empathy

• Consumer Behavior

Entrepreneurs must believe in their ability. Entrepreneurs will turn negative feedback into positive and use this as a basis for improvement.

• Self Reliant

• Self Belief

• Self-Efficacy

• Optimism

Entrepreneurs must learn how to be adaptable and flexible in every situation. They can manage change well and generate new actions even with undesirable events.

• Adaptability and Flexibility

• Adaptation

• Management Skills

• Unpressured

Entrepreneurs must have a high desire to accomplish goals. This includes repeated efforts to achieve success

• Achievement Seeker

• Passionate

• Goal Oriented

• Need for Achievement

Entrepreneurs must be willing to accept the consequences of every decision. They must know how to calculate and identify risk. They are skilled in developing new plans.

• Planner

• Willingness to Take Risks

• Decision Maker

• Analyzer