ENTREP MODULE 1

MERCHANTS

the first real entrepreneurs are

referred to as

Obsidian(Volcanic glass)

one main item that was

first traded by those merchants was ——- obtained from hunters in exchange for other needed items.

Entrepreneurship

is the act of starting a business in the hope

of earning a profit.

SMALL BUSINESS ENTREPRENEURSHIP

People interested in small business entrepreneurship are most likely to make a profit that supports their family and a modest lifestyle.

Scalable Startup Entrepreneurship

kind of entrepreneurship is when entrepreneurs believe that

their company can change the world. They often receive funding from venture capitalists and hire specialized employees.

Social Entrepreneurship

An entrepreneur who wants to solve social problems with their

products and services is in this category of entrepreneurship. Their main goal is to make the world a better place.

Innovative Entrepreneurship

entrepreneurs are people who are constantly coming up

with new ideas and inventions. They take these ideas and turn them into business ventures.

Researcher Entrepreneurship

Researchers take their time when starting their own business. They want to do as much research as possible before offering a product or service.

Buyer Entrepreneurship

entrepreneur who uses their wealth to fuel their

business ventures. Their specialty is to use their fortunes to buy

businesses that they think will be successful.

LARGE COMPANY ENTREPRENEURSHIP

is when a company has a finite amount of life cycles. This type of entrepreneurship is for an advanced professional who knows how to sustain innovation.

BE YOUR OWN BOSS.

When you are your own boss, you give complete autonomy. Entrepreneurship also lets you pick and chose

the aspects of running a business that bring you the most pleasure.

HAVE A FLEXIBLE SCHEDULE.

Running a business means your going to work realy hard and face long hours. As an entrepreneur, you can control the workflow, manage your own time, and determine your

own workplace.

CREATE A CAREER ALIGNED WITH YOUR VALUE.

You consider your company culture and mission statement to the types of employees to bring and pioritize your value in everthing tied to your business.

BECOME A PROBLEM-SOLVER.

This is about taking risks and working hard in the name of solving problems. As an entrepreneur, you’ll learn

how to be a critical thinker and focuses on coming up with unique

solutions as an agent of change.

Selecting a service or product

An entrepreneur may have the skills and passion to start a

company, but one important factor in starting a business is

deciding what to sell.

Developing a sales strategy

Though an entrepreneur may recognize an opportunity in a

certain community, they might also research the best way to sell

to that community.

Establishing starting funds

For entrepreneurs who start with lower capital, there are ways

to earn funding to get started. They may begin with a traditional

bank loan or a federal small business loan.

Maintaining a budget

Because running a company can be unpredictable, an

entrepreneur can stay prepared by carefully maintaining a

budget.

Sustaining revenue

It's important for entrepreneurs to manage their organization's

money carefully to account for any potential delay in invoice

payments.

Staffing the organization

To make sure that they hire people who care about their

organization's mission and will work hard, entrepreneurs may

oversee the hiring process.

Managing employees

As the creators and leaders of an organization, entrepreneurs

guide their employees on how to best carry out the

organization's goals.

Expanding the business

After an entrepreneur establishes their business, they may reach

a level of success where they want to expand.

Managing time

Starting a new business and managing it creates many periodic

tasks, so entrepreneurs may create deadlines to help with

prioritizing their obligations.

Maintaining confidence

It can take a lot of confidence to start a company and just as much to RUN one.

Collaborating with partners

For entrepreneurs whose organization is doing well, they may

consider partnering with other professionals or businesses.

Tourism entrepreneurship

refers to individuals or businesses

developing numerous business activities, from activities and

entertainment to accommodation and transport.

Adventure Tourism Entrepreneurship

This type of tourism developed in the mid-20th

century when entrepreneurs like Royal Star Expeditions saw the

potential of commercializing scientific expeditions to far-off

destinations.

Eco-Tourism Entrepreneurship

Eco-tourism is a relatively new type of tourism that many

believe is the most important for the preservation of

endangered areas and the planet as a whole.

Cultural & Heritage Tourism Entrepreneurship

A descendant of the 17th-century Grand Tour, cultural tourism is

the oldest type of tourism and one of the main drivers of the

economy in Europe and Asia.

Wellness & Health Tourism Entrepreneurship

Wellness and health have always been one of the main motives

for travel. This type of tourism originated in Ancient Greece and

became popular again in the 19th century.

Hotel & Accommodation Entrepreneurship

The global accommodation market size was valued at $775.1

billion in 2023, while the hotel and resort industry was at an

all-time high with a reported $1.5 trillion.

Educational Tourism Entrepreneurship

Educational tourism is an important revenue stream for

countries like the US, Canada, and New Zealand. In addition to

fiscal benefits, this type of tourism also contributes to cultural

exchange and international solidarity, helping create a better

world for tomorrow.

Travel Technology Entrepreneurship

The impact of thought leaders on the tourism industry is

nowhere more obvious than in the travel technology

field.

Tourism is a major contributor to the global economy

Tourism development creates jobs across a wide spectrum of

skills and professions, and not only in travel and hospitality.