What is an Entrepreneur? ENTREPRENEURSHIP Insane
Description: What is an Entrepreneur? ENTREPRENEURSHIP Insane perseverance in the face of total rejection. What Is An Entrepreneur? ENTREPRENEUR A vision-driven individual who assumes significant personal and financial risk to start or expand a
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slide1. What is an Entrepreneur? ENTREPRENEURSHIP
Insane perseverance in the face of total rejection.<br>
slide2. What Is An Entrepreneur? ENTREPRENEUR
A vision-driven individual who assumes significant personal and financial risk to start or expand a business.<br>
slide3. What Is An Entrepreneur? ENTREPRENEURSHIP
The pursuit of opportunity through
innovation, creativity and hard work
without regard for
the resources currently controlled.<br>
slide4. Entrepreneurship Entrepreneurship: a way of thinking, reasoning, and acting that is:
opportunity obsessed
holistic in approach
and leadership balanced
(This definition of entrepreneurship has evolved over the past two decades from research at Babson College and the Harvard Business School and has recently been enhanced by Stephen Spinelli, Jr., and John H. Muller, Jr., Term Chair at Babson College.)<br>
slide5. Entrepreneurs: Born or Made? Is there inborn talent required?
Assume that the answer is YES:
then we can identify the main characteristics
if we have them, fine - no others need to apply!
we could start spotting talent in kindergarten
we could "stream" these people
we could discourage people without these talents<br>
slide6. Entrepreneurs: Born or Made? Assume the answer is NO:
then schools could teach anyone
would be a "profession" like law or medicine
companies could establish "nurseries" for them
government "incubators" would be successes
The real answer lies somewhere in-between
Talent and education is the way<br>
slide7. Situational more than personality Who is an Entrepreneur?<br>
slide8. Who is an Entrepreneur? Manager’s Opportunities<br>
slide9. Burch's Entrep. Personality Traits A desire to achieve
Conquer problems, create successful venture
Hard work
Their workload is very hard to match
Nurturing quality
Acceptance of responsibility
Morally, legally and mentally accountable
Reward orientation
Want be rewarded for their efforts<br>
slide10. Burch's Entrep. Personality Traits Optimism
Anything is possible
Orientation to excellence
Pride in something first class
Organization
They are wholly "take charge" people
Profit orientation
Profit primarily a gauge of performance<br>
slide11. Failure? So what! Failure seen differently in America & Europe.
In Europe it is a major set-back
U.S. expected (required even!)
Canada - in between but tending to U.S.
“Our” System:
Many entrepreneurs had been "blue collar"
Many come from families of entrepreneurs
Many are immigrants or their children
But, there are no "rules" that ensure success
Universally, entrepreneurs shake off failure!<br>
slide12. Failure as “Learning Process” Ignore it, then start again
Some find it easy to blame someone else
In public, always optimistic
Especially with funders
Agonise over what went wrong in private
Willingness to disregard the rules
Start from first principles.
Ability to "bend, not break" rules of life<br>
slide13. Classic Entrepreneurship: The Startup Raw startup company—an innovative idea that develops into a high growth company
Qualities of a startup company
Strong leadership from the main entrepreneur
Complementary talents and outstanding teamwork of team members
Skill and ingenuity to find and control resources
Financial backing to chase opportunity<br>
slide14. Desirable and Acquirable Attitudes and Behaviors Commitment and determination
Leadership
Opportunity obsession
Tolerance of
Risk
Ambiguity
Uncertainty
Creativity, self-reliance, and adaptability
Motivation to excel<br>
slide15. The Entrepreneurial Process It is opportunity/market driven
It is driven by a lead entrepreneur and an entrepreneurial team
It is resource parsimonious and creative
It depends on the fit and balance among these
It is integrated and holistic<br>
Insane perseverance in the face of total rejection.<br>
slide2. What Is An Entrepreneur? ENTREPRENEUR
A vision-driven individual who assumes significant personal and financial risk to start or expand a business.<br>
slide3. What Is An Entrepreneur? ENTREPRENEURSHIP
The pursuit of opportunity through
innovation, creativity and hard work
without regard for
the resources currently controlled.<br>
slide4. Entrepreneurship Entrepreneurship: a way of thinking, reasoning, and acting that is:
opportunity obsessed
holistic in approach
and leadership balanced
(This definition of entrepreneurship has evolved over the past two decades from research at Babson College and the Harvard Business School and has recently been enhanced by Stephen Spinelli, Jr., and John H. Muller, Jr., Term Chair at Babson College.)<br>
slide5. Entrepreneurs: Born or Made? Is there inborn talent required?
Assume that the answer is YES:
then we can identify the main characteristics
if we have them, fine - no others need to apply!
we could start spotting talent in kindergarten
we could "stream" these people
we could discourage people without these talents<br>
slide6. Entrepreneurs: Born or Made? Assume the answer is NO:
then schools could teach anyone
would be a "profession" like law or medicine
companies could establish "nurseries" for them
government "incubators" would be successes
The real answer lies somewhere in-between
Talent and education is the way<br>
slide7. Situational more than personality Who is an Entrepreneur?<br>
slide8. Who is an Entrepreneur? Manager’s Opportunities<br>
slide9. Burch's Entrep. Personality Traits A desire to achieve
Conquer problems, create successful venture
Hard work
Their workload is very hard to match
Nurturing quality
Acceptance of responsibility
Morally, legally and mentally accountable
Reward orientation
Want be rewarded for their efforts<br>
slide10. Burch's Entrep. Personality Traits Optimism
Anything is possible
Orientation to excellence
Pride in something first class
Organization
They are wholly "take charge" people
Profit orientation
Profit primarily a gauge of performance<br>
slide11. Failure? So what! Failure seen differently in America & Europe.
In Europe it is a major set-back
U.S. expected (required even!)
Canada - in between but tending to U.S.
“Our” System:
Many entrepreneurs had been "blue collar"
Many come from families of entrepreneurs
Many are immigrants or their children
But, there are no "rules" that ensure success
Universally, entrepreneurs shake off failure!<br>
slide12. Failure as “Learning Process” Ignore it, then start again
Some find it easy to blame someone else
In public, always optimistic
Especially with funders
Agonise over what went wrong in private
Willingness to disregard the rules
Start from first principles.
Ability to "bend, not break" rules of life<br>
slide13. Classic Entrepreneurship: The Startup Raw startup company—an innovative idea that develops into a high growth company
Qualities of a startup company
Strong leadership from the main entrepreneur
Complementary talents and outstanding teamwork of team members
Skill and ingenuity to find and control resources
Financial backing to chase opportunity<br>
slide14. Desirable and Acquirable Attitudes and Behaviors Commitment and determination
Leadership
Opportunity obsession
Tolerance of
Risk
Ambiguity
Uncertainty
Creativity, self-reliance, and adaptability
Motivation to excel<br>
slide15. The Entrepreneurial Process It is opportunity/market driven
It is driven by a lead entrepreneur and an entrepreneurial team
It is resource parsimonious and creative
It depends on the fit and balance among these
It is integrated and holistic<br>