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ENTREPRENEUR - Coggle Diagram
ENTREPRENEUR
Stage of development
life cycle of an organization frm its creation to its termination
expected sequence of an advancements experiences by an organization
mature organization striving to protect its established market share
competitive position
the pressures regarding the management of employees evolve
Define: the personal risk they take on in pursuit of a new business, innovation, or some other form of enterprise.
Important aspect of the economy
growth by taking risks on innovation ideas
How to become an Entrepreneur?
Focused development of entrepreneurial characteristics
A great idea that people will pay money for
A detailed plan for success
Consistent execution and dedication to that plan
Characteristics
A person is born into it or develops these traits along the way
Passion
Independet Thinking
Optimism
Confidence
Resourceful and problem- solvers
Tenacity and ability to overcome hardship
Vission
Focus
Action-oriented
Types Of Entrepreneurs
Small Business
Home - Based Business
Online Business
Inventors
Serial Entrepreneur
Lifestyle Entrepreneur
Key points that make a successful Entrepreneur
Attitude
having a positive attitude will get a long way
Creativity
solving a problem
Relationships
having a healthy relationship with customers, employees, partners and more
Organization
need to understand how to raise finance
manage money deals
deal with tax