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    Lec1 Introduction Stud

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    sueern
    This document is the introduction to a lecture on cyberpreneurship. It discusses key topics about entrepreneurs including their characteristics, the benefits and drawbacks of entrepreneurship, and common mistakes. It also examines factors that encourage entrepreneurship and the diversity of entrepreneurial cultures.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Lec1 Introduction Stud

    Uploaded by

    sueern
    340 views15 pages
    This document is the introduction to a lecture on cyberpreneurship. It discusses key topics about entrepreneurs including their characteristics, the benefits and drawbacks of entrepreneurship, and common mistakes. It also examines factors that encourage entrepreneurship and the diversity of entrepreneurial cultures.

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    © Attribution Non-Commercial (BY-NC)

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    This document is the introduction to a lecture on cyberpreneurship. It discusses key topics about entrepreneurs including their characteristics, the benefits and drawbacks of entrepreneurship, and common mistakes. It also examines factors that encourage entrepreneurship and the diversity of entrepreneurial cultures.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    340 views15 pages

    Lec1 Introduction Stud

    Uploaded by

    sueern
    This document is the introduction to a lecture on cyberpreneurship. It discusses key topics about entrepreneurs including their characteristics, the benefits and drawbacks of entrepreneurship, and common mistakes. It also examines factors that encourage entrepreneurship and the diversity of entrepreneurial cultures.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 15

    BEN2014 Introduction to Cyberpreneurship (by: TPL)

    Original Source: Zimmerer & Scarborough (Pearson)

    Lecture 1: Introduction

    Overview

    1. The World of the Entrepreneur

    2. Entrepreneurs
    • Characteristics of Entrepreneurs

    3. Entrepreneurship
    • Benefits of Entrepreneurship
    • Drawbacks of Entrepreneurship
    • Feeding the Entrepreneurial Fire
    • Culture Diversity of Entrepreneurship
    • Ten Deadly Mistakes of Entrepreneurship
    • Avoiding the Pitfalls of Small Business Failure

    1
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    The World of the Entrepreneurs Pg 2-3

    • GEM study
    – Globally 9.4 percent of adults are actively
    engaged in trying to start a business.
    – Men are twice as likely as women to start a
    business (exactly the opposite trend in the
    U.S., however).
    – Nearly one-third of global entrepreneurs are
    between the ages of 25 and 44.

    2
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    What is an Entrepreneur? Pg 5-8

    One who creates a new business in the face of


    risk and uncertainty for the purpose of
    achieving profit and growth by identifying
    opportunities and assembling the necessary
    resources to capitalize on them.

    3
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Characteristics of Entrepreneurs Pg 5-8

    • Desire for responsibility


    • Preference for moderate risk – risk
    eliminators
    • Confidence in their ability to succeed
    • Desire for immediate feedback
    • High level of energy
    • Future orientation – serial entrepreneurs
    • Skilled at organizing
    • Value achievement over money

    4
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Entrepreneurship Pg 5-8

    • One characteristic of entrepreneurs stands out:

    Diversity!
    • Anyone – regardless of age, race, gender,
    color, national origin, or any other
    characteristic – can become an entrepreneur
    (although not everyone should).

    5
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Benefits of Entrepreneurship Pg 8-11

    The opportunity to: (small business ownership)


    • Create your own destiny
    • Make a difference
    • Reach your full potential
    • Reap impressive profits
    • Contribute to society and to be recognized for
    your efforts
    • Do what you enjoy and to have fun at it

    6
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Drawbacks of Entrepreneurship Pg 12-15

    • Uncertainty of income
    • Risk of losing your entire investment
    • Long hours and hard work
    • Lower quality of life until the business gets
    established
    • High levels of stress
    • Complete responsibility
    • Discouragement

    7
    Stress !!!
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Feeding the Entrepreneurial Fire Pg 15-19

    • Entrepreneurs as heroes
    • Entrepreneurial education
    • Demographic and economic factors
    • Shift to a service economy
    • Technological advancements
    • Independent lifestyle
    • E-commerce and the World Wide Web
    • International opportunities

    8
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    One-armed Shoppers
    By: Bill McLemore

    9
    Source: http://www.statehousereport.com
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Culture Diversity of Entrepreneurship Pg 20-27

    • Young entrepreneurs
    • Women entrepreneurs
    • Minority enterpreneurs
    • Immigrant entrepreneurs
    • Part-time entrepreneurs
    • Home-based businesses
    • Family businesses
    • Copreneurs

    10
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Ten Deadly Mistakes of Entrepreneurship Pg 28-31

    1. Management mistakes
    2. Lack of experience
    3. Poor financial control
    4. Weak marketing efforts
    5. Failure to develop a strategic plan
    6. Uncontrolled growth
    7. Poor location
    8. Improper inventory control
    9. Incorrect pricing
    10. Inability to make the “entrepreneurial transition”
    11
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    A Good Idea…?

    12
    Source: http://swier.blogspot.com
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    What the customers want…?

    13
    Source: http://www.cubiccompass.com/blogs/main/content/binary/TireSwingCartoon.png
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Putting Failure into Perspective Pg 33-35

    • Entrepreneurs are not paralyzed by the


    prospect of failure.

    • Failure – a natural part of the creative


    process.

    • Successful entrepreneurs learn to fail


    intelligently.

    14
    BEN2014 Introduction to Cyberpreneurship (by: TPL)
    Original Source: Zimmerer & Scarborough (Pearson)

    Avoiding the Pitfalls of Small Business Failure Pg 35-37

    • Know your business in depth


    • Develop a solid business plan
    • Manage financial resources
    • Understand financial statements
    • Learn to manage people effectively
    • Keep in tune with yourself

    15

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