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    Entrepreneurship
    Entrepreneurship
    Entrepreneurship
    Ebook50 pages1 hour

    Entrepreneurship

    By BarCharts, Inc.

    ()

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    About this ebook

    Strengthen skills, know where to start and reduce your risk. Growing in universities as a separate degree in itself, any business major or inspired self-starter will find a barrage of tools that create a road map to the American Dream. With a focus on doing it “lean”, this 6-page guide by our author, successful entrepreneur and well-connected Babson College graduate can help steer the course.

    Suggested uses:
    • Students – quick reference tool for a major in entrepreneurship or business
    • Professors – supplemental reference for courses that focus on aspects of business and entrepreneurship
    • Personal – start your own business - for people who want to work for themselves and feel there is a better way to providing a service or product that they feel is meaningful, fulfilling and profitable
    • Consultants – provide as a supplemental reference and/or promotional give-away for entrepreneurship and start-up presentations, courses, conferences, training and the like
    LanguageEnglish
    PublisherBarCharts, Inc.
    Release dateMay 1, 2018
    ISBN9781423237297
    Entrepreneurship

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      Book preview

      Entrepreneurship - BarCharts, Inc.

      Table of Contents

      History of Entrepreneurship

      Entrepreneurs

      Venture Value Creation

      Innovation & Creativity

      Niche Products & Services

      Intrapreneurship

      Creation of a Start-up Business

      New Business Planning

      Small Business Marketing

      Funding & Financial Viability

      Business Operations

      Exit from Venture: Harvest the Business

      Resources

      Terminology

      The Entrepreneurship Map

      New Venture Foundation

      History of Entrepreneurship

      American capitalism and entrepreneurship

      The United States is a magnet for immigrants seeking a better life with unlimited opportunity

      Entrepreneurship is rooted in our country founded by risk takers who believed in new opportunity

      America created wealth through free enterprise, honest markets, and business creativity

      Yankee ingenuity generated an average of 550,000 small businesses between 1996 and 2004

      The United States has the world’s largest venture capital business accounting for almost 20% of our GDP

      Joseph Schumpeter’s The Theory of Economic Development (1934)

      Innovation disturbs equilibrium resulting in development

      Entrepreneurs innovate to earn profits through creative destruction

      Big companies weaken capitalism, and optimal allocation comes from the recombination of resources

      Peter Drucker’s Innovation and Entrepreneurship (1985)

      Legitimized entrepreneurship as a business school curriculum

      Made innovation a disciplined business practice with purposeful information

      Some of his systematic process has been redefined by technology’s disruption

      Kauffman Foundation founded in support of entrepreneurship education (1960s)

      Set up under the estate of Ewing Marion Kauffman, founder of Marion Laboratories

      Focuses on education and entrepreneurship to foster economic independence

      Supports grants, scholarships, and programs such as FastTrac and Ice House

      Entrepreneurship as Curriculum

      Dr. Jeffry Timmons (Babson College) pioneered entrepreneurship education in 1968

      Purdue University chaired the first US academic research conference in 1970

      First college fellows and business plan competitions take place at Babson College and University of Texas at Austin in 1982

      Entrepreneurs

      The entrepreneurial mindset

      An entrepreneurial mindset is the one trait common to all entrepreneurs

      It’s an ability to recognize opportunity and the willingness to take a risk

      Entrepreneurs use their imaginations and creativity

      They identify, evaluate,

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