The Entrepreneur

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The Entrepreneur. By Joel MacDonald. What Is an Entrepreneur?. A risk taker in the private enterprise system, a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business. Bill gates. Sam Walton. Tony Fadell . Three Types of Entrepreneurs.
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The EntrepreneurBy Joel MacDonaldWhat Is an Entrepreneur?
  • A risktaker in the private enterprise system, a person who seeks a profitable opportunity and takes the necessary risks to set up and operate a business.
  • Bill gatesSam WaltonTony Fadell Three Types of Entrepreneurs
  • Classic Entrepreneur: A person who identifies a business opportunity and allocates available resources to tap that market.
  • Intrapreneurs: Entrepreneurially oriented people who seek to develop new products, ideas, and commercial centures within large organizations.
  • Change Agents: Managers who seek to revitalize established firms to keep them competitive in today’s marketplace.
  • Characteristics of EntrepreneursDesire
  • to be their own boss
  • to succeed finically
  • for Job Security
  • for improved quality of life
  • Vision
  • High Energy Level
  • Need to Achieve
  • Self-Confidence and Optimism
  • Tolerance for FailureCreativityInternal Locus of ControlTolerance for AmbiguityStarting a New Venture
  • Select a Business Idea
  • Create a Business Plan
  • Find Financing
  • Follow the Business Plan
  • Affect on the Economy
  • Create Major Inventions and Innovations
  • Create New Jobs
  • Provide Opportunities for Women and Minorities
  • The End
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