(3) ENTREPRENEURIAL MIND (LESSON 1)

Entrepreneur

It is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.

 Entrepreneur

‎It is derived from the French "entreprendre" meaning to "undertake."

 Entrepreneur

_______ is an innovator or developer who 

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‎(1) recognizes and seizes opportunities

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‎(2) converts those opportunities into workablel marketable ideas

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‎(3) adds value through time, effort, money, or skills

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‎(4) assumes the risks of the competitive marketplace to implement these ideas, and 

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‎(5) realizes the rewards from these efforts 

Businessman

‎- Start a Business from an Existing Idea

‎- Traditional

‎- Avoids taking risks

‎- Profit-Oriented

‎- Market Player

Entrepreneur

‎- Start a Business from a unique and innovative idea

‎- Revolutionary 

‎- Risk Taker

‎- Customer Oriented

‎- Market Leader 

‎- Mindset

‎- Approach to innovation 

‎- Approach to failure

‎- Approach to challenges

‎- Focus on innovation 

‎- Involvement in day-to-day operations 

- Risk-taking behavior

‎- Vision for the future

‎- Approach to competition 

‎- Relationship with money

‎10 DIFFERENCES BETWEEN A BUSINESSMAN AND AN ENTREPRENEUR

‎- Good Leader

‎- Optimistic 

‎- Confident

‎- Passionate

‎- Disciplined

‎- Proactive

‎- Open-minded

‎- Competitive 

‎- Kind

‎9 Traits of an Entrepreneur 

‎According to the Indeed Career Guide

‎- Visionary

‎-Takes initiative, not risk-averse

‎- Innovative problem solver

‎- Intuitive people-person

‎- Can-do attitude, tenaciously goal-oriented 

‎- Adapts to change and challenges 

‎- Identifies and takes advantage of opportunities 

‎7 Characteristics of an Entrepreneur 

‎Entrepreneurship

It is the process of starting and developing a company, with the aim of delivering something new or improved to the market, or by organizing the means of production in a superior way.

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‎Entrepreneurship

‎It is a dynamic process of vision, change, and creation.

‎Entrepreneurship

‎It requires an application of energy and passion toward the creation and implementotion of innovative ideas and creative solutions.

‎- Be a Solution Provider

‎- Have a Vision

‎- Select the Team Wisely

‎- Make   Products or Services

‎- Proper Identification of Capital Requirements 

‎- Accountability and Responsibility with Integrity

‎- Effective Growth and Marketing

‎- Know your Customers

‎-Find the Right Opportunity 

‎- Respect your Customer and Employees

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‎10 Principles of Entrepreneurship 

1. ‎Strive to be a leader in your chosen field.

2. ‎Be a person of integrity.

3. ‎Have a long-term vision and strategy.

4. ‎Focusing means concentrating and prioritizing.

5. ‎Have a great passion to achieve.

6. ‎Work Hard

7. ‎Be patient and persevere.

8. ‎Recognize opportunity.

9. ‎Be optimistic.

10. ‎Be Confident.

11. ‎Be disciplined.

12. ‎Build your organization.

13. ‎Make it your mission to provide employment.

14. ‎Social responsibility is important.

‎14 Life Principles of Henry Sy