Entrepreneurship is what?

Do you have an idea that you think has value?

Does it solve a problem, fill a need,

or bring useful information to a user’s fingertips?

Do you create and design better

solutions for things by habit?

Reality?

Idea

Business Opportunity

Who are entrepreneurs?PersistentCreativeResponsibleInquisitiveGoal-OrientedIndependent

Self-DemandingRisk-TakingRestlessAction-OrientedEnthusiastic

Rewards Of Entrepreneurship

Being your own boss

Doing something you enjoy

Being Creative

Setting your own schdule

Having job security

Making more moneyBeing recognized in the

community

What is an Entrepreneur?Entrepreneur:Someone who sees a problem as an opportunity, who creates solutions using resources & Innovation.

Finding innovation and market gaps for new products and services.

Successful entrepreneurs are

known for….

InnovationNEW PRODUCTS

NEXT GENERATION

IDEAS

NEW SOLUTIONS

NEW METHODS

DISRUPTIVE

IDEAS

A NEW VENTUREHow do you come up with an idea?

Find something you love to do and are good at doing

Can your idea satisfy a need in the marketplace?

Entrepreneurs must be sure that the idea they choose has interest in the marketplace.

Entrepreneurship is Multi-step Process

Recognize

Opportunity

Evaluate Exploit

If you build it – will “they” come?

Traditional start-up model

Develop concept Get Funding

Build Product and offering

Alpha test Market test

Big-BangLaunch

False sense of security Rude

Awakening Resetting expectations

Predictable disaster

Unbridledenthusiasm

Business Model Canvas

A business model describes how your company creates, delivers and

captures value.

A business model describes how your company makes money.

.