scarborough_eesbm11e_ppt01.ppt

7/23/2019 scarborough_eesbm11e_ppt01.ppt

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Copyright © 2015 Pearson Education, Ltd.1-



Copyright © 2015 Pearson Education, Ltd.1-2

Chapter 1



Copyright © 2015 Pearson Education, Ltd.

In the U.S., entrepreneurs start more than 6.5 million

businesses a year!

Global Entrepreneurship Monitor (GEM)

Approximately " o# the U.S. population a$e% &'6 is ati*ely in*ol*e% in entrepreneurial ati*ity

+he $lobal a*era$e is also "

1-3




Entrepreneur: ne -ho reates a ne- businessin the #ae o# ris an% unertainty #or the purpose

o# ahie*in$ pro#it an% $ro-th by i%enti#yin$

opportunities an% assemblin$ the neessary

resoures to apitali/e on them

1-5




hy Entrepreneurs !tart "usinesses


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0harateristis o# Entrepreneurs1

2esire an% -illin$ness to tae initiati*e

3re#erene #or mo%erate ris

0on#i%ene in their ability to suee%

Sel#'reliane

3erse*erane

2esire #or imme%iate #ee%ba

1-#



More 0harateristis o# Entrepreneurs1

4i$h le*el o# ener$y

0ompetiti*eness

uture orientation

Serial entrepreneurs

Sille% at or$ani/in$

alue o# ahie*ement o*er money

1-$



ther 0harateristis o# Entrepreneurs1

4i$h %e$ree o# ommitment

+olerane #or ambi$uity

lexibility

+enaity

1-%




0onlusion7 Diversity seems to be a entral harateristi o#

entrepreneurs

Anyone 8 re$ar%less o# a$e, rae, $en%er, olor,national ori$in, or any other harateristi 8 anbeome an entrepreneur (althou$h not e*eryoneshoul%)Entrepreneurship is a sill that is learne%

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0reati*ity *s. Inno*ation

Creativity 8 the ability to %e*elop ne-

i%eas an% to %iso*er ne- -ays o#

looin$ at problems an% opportunities

Innovation 8 the ability to apply creative

solutions to problems an% opportunities

to enhane or to enrih people9s li*es

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Monitor +ren%s an% Exploit +hem Early n

In%epen%a

+ra*el 8 an% :e Inspire%

Eileen isher

+ae A 2i##erent Approah +o An Existin$

Maret

I 2o ;o- I 2on9t

3ut a ;e- +-ist on an l% I%ea

itaban%

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<oo #or 0reati*e =ays to Use Existin$>esoures2i$ +his

>eali/e +hat thers 4a*e the Same3roblem +hat ?ou 2oMile=ise

+ae +ime to 3lay

lash 3als;otie =hat Is Missin$iin$ >an$e 0orporation

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+he opportunity to1Gain ontrol o*er your o-n %estinyMae a %i##erene

Social entrepreneurs>eah your #ull potential>eap impressi*e pro#its0ontribute to soiety an% be reo$ni/e% #or your

e##orts2o -hat you en@oy %oin$

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Unertainty o# inome

>is o# losin$ your entire in*este% apital

<on$ hours an% har% -or

<o-er uality o# li#e until the business $ets

establishe%

4i$h le*els o# stress

0omplete responsibility

2isoura$ement

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Entrepreneurs as heroesEntrepreneurial e%uation2emo$raphi an% eonomi #ators

Shi#t to a ser*ie eonomy+ehnolo$ial a%*anementsutsourin$In%epen%ent li#estyles

E'0ommere, the Internet, an% mobile omputin$International opportunities

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?oun$ entrepreneurs

1-1#



Copyright © 2015 Pearson Education, Ltd. 1-1$

&e' Entrepreneurs (y )ge *roup




?oun$ entrepreneurs

=omen entrepreneurs

1-1%




Entrepreneuria+ )ctiity nde (y *ender




?oun$ entrepreneurs

=omen entrepreneurs

Minority enterprises

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Percentage o/ &e' Entrepreneurs (y inority *roup




?oun$ entrepreneurs

=omen entrepreneurs


Immi$rant entrepreneurs

3art'time entrepreneurs

4ome'base% business o-ners

1-23




u+es /or a !uccess/u+ oe-"ased "usiness

u+e 1. o your hoe'or.u+e 2. ind out 'hat your 7oning restrictions are.

u+e 3. Create distinct 7ones /or your /ai+y and (usinessdea+ings.u+e 4. ocus your hoe-(ased (usiness idea.u+e 5. iscuss your (usiness ru+es 'ith your /ai+y.u+e 6. !e+ect an appropriate (usiness nae.u+e #. "uy the right e8uipent.

u+e $. ress appropriate+y.u+e %. Learn to dea+ 'ith distractions.u+e 10. ea+i7e that your phone can (e your (est /riend9oryour 'orst eney.




u+es /or a !uccess/u+ oe-"ased "usiness

u+e 11. "e :r 'ith /riends and neigh(ors.u+e 12. aii7e your productiity.

u+e 13. Create no-'or tie 7ones.u+e 14. ;ae adantage o/ ta (reas.u+e 15. ae sure you hae ade8uate insurance coerage.u+e 16. <nderstand the specia+ circustances under 'hichyou can hire outside ep+oyees.u+e 1#. "e prepared i/ your (usiness re8uires c+ients to

coe to your hoe.u+e 1$. *et a post o=ce (o.u+e 1%. &et'or.u+e 20. "e proud o/ your hoe-(ased (usiness.




?oun$ entrepreneurs

=omen entrepreneurs


Immi$rant entrepreneurs

3art'time entrepreneurs

4ome'base% business o-ners

amily business o-ners

Family-owned business

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0opreneurs0orporate asto##s0orporate B%ropoutsC

>etire% baby boomers

1-2#




Small business1 one that employs #e-er than DD

people

Small businesses1

0omprise .F" o# the F. million businessesin the U.S.

Employ ." o# the nation9s pri*ate setor

-or#ore

3ay " o# the nation9s total pri*ate payroll0reate more @obs than bi$ businesses

1-2%




!a++ "usinesses (y ndustry




Small businesses:

Are lea%ers in o##erin$ trainin$ an% a%*anement

opportunities to -orers

3ro*i%e 6F" o# -orers -ith their #irst @obs3ro%ue 6" o# the nation9s pri*ate G23

Aount #or F" o# business sales

3lay a ey role in inno*ation1

3ro%ue 6.5 times more patents per

employee than lar$e ompanies

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About 5" o# ne- ompanies #ail -ithin 5 yearsEntrepreneurs are not paraly/e% by the prospet o#

#ailure

ailure is a natural part o# the reati*e proessSuess#ul entrepreneurs learn to #ail intelligently

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!a++ "usiness !uria+ ate



i h d i d

Hno- your business in %epth3repare a business planMana$e #inanial resoures

Un%erstan% #inanial statements<earn to mana$e people e##eti*ely

Set your business apart #rom the ompetition

Maintain a positi*e attitu%e

scarborough_eesbm11e_ppt01.ppt

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