Building an Entrepreneurial Legacy

Flashcards covering key terms, historical figures, and structural overview from the lecture on building an entrepreneurial legacy.

Legacy (Narrow Sense)

Material possessions bequeathed to one's heirs.

Legacy (Broader Sense)

Everything that one leaves behind-material items, good or bad family relationships, and a record of integrity or greed, of contribution or exploitation.

Entrepreneurial Legacy

Tangible items and intangible qualities passed on not only to heirs, but also to the broader society.

Ed Bonneau

An entrepreneur who revolutionized the distribution of sunglasses in the United States and prioritized family relationships over financial success.

Bernard Rapaport

A highly successful and generous entrepreneur who stressed at the age of 93 that how a person achieves a goal is more important than if they achieve it.

Ewing Marion Kauffman

The founder of Marion Labs who stated that entrepreneurs have the right to build an uncommon company, take calculated risks, dream, build, fail, or succeed.

Part 1 of the Book

Offers an introduction to the entrepreneurial life and examines the fundamental values of the entrepreneur.

Parts 2 and 3 of the Book

Look at the initial planning required for business start-ups, the various types of entrepreneurial ventures, and the new venture's business model and planning.

Parts 4 through 6 of the Book

Deal with the marketing and management of a growing business, including its human resources, operations, and finances.