Concepts and characteristics of the Entrepreneur.

Concepts and characteristics of the Entrepreneur.

1. What is Entrepreneurship?

   • The process of creating something new of value by giving the necessary time and effort, by accepting and acknowledging the necessary financial, psychological, and social risks, and receiving the resulting rewards.
     • Main exponents of Entrepreneurship in history:
       • Richard Cantillon Joseph Schumpter Peter Drucker
   • Entrepreneurship Skills:
     • Business Skill Communication Skill Computer Skill Decision-Making and Problem-Solving Skills Mathematical Skill Organizational Skill People Skills
       • DEVELOPMENT OF ENTREPRENEURIAL SKILLS
         • Vision Innovation Risk bearing Organizing
           • WHY STUDY ENTREPRENEURSHIP?
             • You learn to think like an entrepreneur and you develop a vision for your life.

2. What is Entrepreneur?

   • Is a dynamic activity which helps the entrepreneur to bring changes in the process of production, innovations and resources.
     • List of some well-known Entrepreneurs:
       • Nicholas Tesla Thomas Edison P.T. Barnum William Harley & Arthur Davidson Ted Turner III Oprah Winfrey Sam Walton Larry Page Stephen Wozniak and Steve Jobs Russell Simmons Walt Disney Elon Musk Amancio Ortega Jeff Bezos
         • Why be an Entrepreneur?
           • The biggest reward of becoming an entrepreneur is the personal satisfaction that comes from having the freedom to make your own business decisions and then act on them.
             • Top three benefits of running your own company:
               • Earning potential is not capped Flexible schedule You steer the ship
   • Personal Characteristics:
     • Courage Creativity Curiosity Determination Discipline Empathy Enthusiasm Flexibility Honesty Patience Responsibility