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entrepreneurship definition

entrepreneurship definition https://www.udemy.com/entrepreneurs-e... Click on the link above and get this course Advantages of Entrepreneurship “In the past presentations, we’ve spent some time learning what an entrepreneur is, what the types of entrepreneurial organizations are, what their impact on history is, and a little about young entrepreneurs. So what if you want to be an entrepreneur? What are the advantages of doing this as opposed to working for someone else?” Why become an Entrepreneur? “According to www.ait.org.tw a report put together by the U.S. Department of State, reasons people become an entrepreneur could include the following: • Entrepreneurs are their own bosses. They choose when to work and with whom to do business. • Greater chance of achieving high financial success than working for someone else. • It provides the opportunity to be involved in the total operation of the business, not just in one small part. • It offers the perk of being the person in charge. • Entrepreneurs can build equity in a business • It creates an opportunity for a person to make a contribution to the local economy or society • It allows someone the opportunity to work to develop their own ideas, products and services Benefits to your community: “A successful entrepreneur not only contributes to his family’s well being, he or she also contributes to the local community. By being successful, they can: • Become a local employer • Contribute to a rise in the local economy • Bring in new customers and businesses • Increase land values and tax rolls • Contribute to the skill of the local workforce “According to the 2006 Summary Results of the Global Entrepreneurship Monitor project: “Regardless of the level of development and firm size, entrepreneurial behavior remains a crucial engine of innovation and growth for the economy and for individual companies since, by definition, it implies attention and willingness to take advantage of unexploited opportunities.”” “In the United States, for example, small businesses provide approximately 75% percent of the net new jobs added to the American Economy each year. And, According to the Small Business Administration, small technology companies “produce nearly 13 times more patents per employee than large firms.” As we can see from the illustrations below, even in the ‘Green’ company marketplace, small companies play an important part in overall business innovation:” “So as you can see, among the benefits of entrepreneurship, if you develop your business correctly, you can not only earn some money, you can become your own boss, have a positive effect on the community, and perhaps become a global leader through innovation that makes our world a better place to be.” In this presentation’s challenge, I would like you to think about how a small business has directly affected your lifestyle. Please let me know how this has happened at: Contact: Christos Pittis website: www.christospittis.com udemy: https://www.udemy.com/u/christospittis/ twitter:   / cpittis   facebook page:   / christoscpittis   email: [email protected] Questions: 1) What are some of the economic benefits of being an entrepreneur: a. More local jobs b. Higher local land values c. More potential for financial success d. All of the above Answer: D 2) What is a personal benefit of being an entrepreneur: a. You automatically gain recognition as a community leader b. You can be your own boss and choose who you do business with c. You can run for political office d. You can buy a bigger car Answer: B 3) As an Entrepreneur you can: a. Be an inventor b. Patent new products or processes c. Take old products and redesign them into something better d. All of the above Answer: D Find more about entrepreneurship definition in my course. Find the link on the top. Let me have your thoughts on the comment box below! entrepreneurship definition Do not forget to subscribe to my channel. New courses and discount coupons are coming soon.