WHAT IS AN ENTREPRENEUR?

Size: px
Start display at page:

Download "WHAT IS AN ENTREPRENEUR?"

Transcription

1 WHAT IS AN ENTREPRENEUR? Introduction Let s look at what the word entrepreneur means. An entrepreneur is: Any person who identifies an opportunity in the market, gathers resources and creates and grows a business venture to meet these needs. He or she bears the risk of the venture and is rewarded with profit if it succeeds. Chair in Entrepreneurship, University of Pretoria An entrepreneur, therefore, owns and runs their own business and assumes the risk for the potential of profit. So, opening a small business involves both risk and financial investment. An entrepreneur decides to take control of his / her future and become self-employed, whether by creating his / her own unique business or working as a member of a team. The entrepreneur invests in their business, produces goods or sells services in return for profit. The next definition to consider is the word success. The dictionary definition of success is: Fortune, prosperous progress, achievement, attainment of wealth, influence or acclaim. Many of us equate success with money, and of course, money is important to all of us. However, we cannot substitute a meaningful life for money. There are millions of people all over the world who are miserable and unfulfilled. Their life lacks purpose. Therefore, one must establish one s purpose and goals in life. Ask yourself: What do you want from life? and then identify how you are going to achieve this. The real thrill of entrepreneurship is creating something from nothing. Entrepreneurship requires vision, creative thinking, a knack for getting things organized and a lot of hard work. Being an entrepreneur is no easy task, and therefore entrepreneurs should be saluted. Version 2: August 2017 Copyright My Cyberwall

2 Nelson Mandela put it perfectly in his book, A Long Walk to Freedom. A brave man is not he who does not fear, but he who conquers fear. The entrepreneur identifies opportunities and turns them into a successful venture. Although some entrepreneurs work on their own, others create jobs, which helps reduce unemployment and poverty, at the same time as helping the economy to grow. Even through many entrepreneurs run small businesses, they employ over half the number of people who work in the private sector (as opposed to the government / public sector) in South Africa. So, entrepreneurs are vital in the fight against poverty and unemployment because larger companies cannot create enough jobs. The government is trying to expand the economy of South Africa by encouraging and supporting small businesses in various ways. Version 2: August 2017 Copyright My Cyberwall

3 Why Become an Entrepreneur? People become entrepreneurs for many reasons. Look at these reasons below. Characteristics of an Entrepreneur The success or failure of most businesses, depends on the person at the top. In a small business, this means the business owner or entrepreneur. It takes certain characteristics to become successful in business. Very few people are lucky enough to be born with all these characteristics. Although there is no single entrepreneurial personality type, there are characteristics that many successful entrepreneurs share. Version 2: August 2017 Copyright My Cyberwall

4 These characteristics include: Drive and Attitude Entrepreneurs are nearly always competitive by nature and have a strong need for achievement. This motivation is the key factor in their success, as their desire to succeed drives them in business. Entrepreneurs make things happen rather than just thinking about things. They are positive and enthusiastic. Determination and Commitment Business success is never easy. It requires hard work and resilience to overcome obstacles that stand in the way. Successful entrepreneurs learn from their mistakes, are not easily discouraged and never give up. Hard work and personal sacrifice are usually involved in becoming a successful entrepreneur. People Skills and Leadership Entrepreneurs are interacting with other people all the time customers, staff and suppliers. Those with good people skills can communicate well with people from all walks of life. They are sociable and enthusiastic, and this inspires the people around them. Entrepreneurs also need support from their family and try to achieve a work-life balance. Planning and Organizational Ability The ability to plan and set goals is high on the list of success traits. A strong vision guides the entrepreneur to achieve success. The entrepreneur needs to be good at organizing and managing their time, as they have multiple priorities. Version 2: August 2017 Copyright My Cyberwall

5 Money Handling Skills Running a business involves managing finances, so good entrepreneurs understand the importance of keeping finances under control, especially managing cash flow. Creativity and Innovation The best entrepreneurs have a head for business. They are always on the look-out for opportunities and new ways of making money. They identify and act on these opportunities but can balance the risk with reality. Great entrepreneurs also are strongly orientated to achieving excellence in everything they do. They strive to be the best and always act professionally. Health and Stress Management Having the drive and ambition to succeed in business demands a high level of physical and psychological fitness to handle the pressure involved. It helps if the entrepreneur is fit, active and emotionally stable. Are Entrepreneurs Born or Made? Research has found that the ratio is around 50:50 and that genetic and environmental factors do play a role. Business experience and entrepreneurial heritage, i.e. a family background in business, has been found to be helpful. Research has also found that successful entrepreneurs often start their business early and don t always have formal qualifications. Version 2: August 2017 Copyright My Cyberwall

6 Advantages and Disadvantages of Becoming an Entrepreneur The advantages: Version 2: August 2017 Copyright My Cyberwall

7 The disadvantages: Entrepreneurial Actions The entrepreneur must carry out four main functions to operate a successful business. These actions include the following: 1. Buying Depending on the type of business, entrepreneurs need to buy items such as: - Stock Stock is items that will be sold by the business, for example, various drinks for a tuck shop. - Raw materials These materials are used to make the finished product, for example, fabric, for a T-shirt manufacturer - Equipment These are the machines used to operate the business and are a capital item (assets in the accounts of the business). Some businesses require a lot of expensive equipment, such as vehicles, computers, etc., while others need very little. Version 2: August 2017 Copyright My Cyberwall

8 The entrepreneur must try to obtain the best prices for all purchases by negotiating with suppliers of the products and services. Reliability of suppliers delivery time is critical. Another important factor when buying items, is to purchase quantity at the right time. Otherwise, wastage will occur. 2. Production Production means making the product by changing raw materials into finished goods. Service businesses do not make products. Manufacturing businesses produce goods. The entrepreneur of a manufacturing business needs to decide on the production process, i.e., what will be made and how it will be made. Version 2: August 2017 Copyright My Cyberwall

9 3. Selling Selling means persuading customers to buy goods and / services of a business. Without sales, there is no business. Selling involves marketing the business to prospective customers, through advertising, faceto-face meetings, social media campaigns, referrals, etc. 4. Making a Profit The overall aim of running a business is to make a profit. If a business does not make a profit, it will go bankrupt and will have to close. The entrepreneur needs to know how much money is coming into the business (income) and how much is going out (expenses). To make a profit, the entrepreneur has to maximize sales and minimize costs. Accurate financial records of both sales and costs must be kept and monitored carefully at regular intervals. Version 2: August 2017 Copyright My Cyberwall

Chapter 33. entrepreneurial concepts. Section 33.1 Entrepreneurship. Section 33.2 Business Ownership

Chapter 33. entrepreneurial concepts. Section 33.1 Entrepreneurship. Section 33.2 Business Ownership Chapter 33 entrepreneurial concepts Section 33.1 Entrepreneurship Section 33.2 Section 33.1 Entrepreneurship CONNECT Think of some successful entrepreneurs. What are possible reasons for their success?

More information

Entrepreneurship. Author: Ashok K. Gumbhir RPh, PhD, FACA

Entrepreneurship. Author: Ashok K. Gumbhir RPh, PhD, FACA Entrepreneurship Author: Ashok K. Gumbhir RPh, PhD, FACA Learning Objectives Define entrepreneurship, entrepreneurs and entrepreneurial activities State the essential personality traits of an entrepreneur

More information

Chapter 6. Starting Your Own Business: The Entrepreneurship Alternative

Chapter 6. Starting Your Own Business: The Entrepreneurship Alternative Chapter 6 Starting Your Own Business: The Entrepreneurship Alternative What is Entrepreneurship? An entrepreneur is a person who seeks a profitable opportunity and takes the necessary risks to set up and

More information

Junior Achievement s 2010 Teens and Entrepreneurship Survey Empowering Entrepreneurship Success

Junior Achievement s 2010 Teens and Entrepreneurship Survey Empowering Entrepreneurship Success Junior Achievement s 2010 Teens and Entrepreneurship Survey Empowering Entrepreneurship Success Introduction Finding an Antidote to Fear How do American teens view the current world of business and free

More information

What can the EU do to encourage more young entrepreneurs? The best way to predict the future is to create it. - Peter Drucker

What can the EU do to encourage more young entrepreneurs? The best way to predict the future is to create it. - Peter Drucker What can the EU do to encourage more young entrepreneurs? The best way to predict the future is to create it - Peter Drucker A proposal by Katie Williams INTRODUCTION Although, a range of activities for

More information

Chapter 1 Should You Become an Entrepreneur?

Chapter 1 Should You Become an Entrepreneur? Should You Become an Entrepreneur? 1.1 All About Entrepreneurship 1.2 Entrepreneurship and You 1.3 Explore Ideas and Opportunities 1.4 Problem Solving for Entrepreneurs Lesson 1.1 All About Entrepreneurship

More information

Miramichi Regional Economic Development and Innovation Fund

Miramichi Regional Economic Development and Innovation Fund 1 Miramichi Regional Economic Development and Innovation Fund Regional Development Corporation Friday October 28, 2011 Miramichi, N.B. 2 Introduction Renewing the Economy of Northern New Brunswick Northern

More information

ENTREPRENEURSHIP. General Guidelines about the course. Course Website: https://sites.google.com/site/bzuent2015

ENTREPRENEURSHIP. General Guidelines about the course. Course Website: https://sites.google.com/site/bzuent2015 ENTREPRENEURSHIP General Guidelines about the course Course Website: https://sites.google.com/site/bzuent2015 Welcome to the course of Entrepreneurship Please know the basic class rules to ensure semester

More information

2014 ENTREPRENEUR DEVELOPMENT

2014 ENTREPRENEUR DEVELOPMENT 2014 ENTREPRENEUR DEVELOPMENT PROVEN STRATEGIES FOR BUSINESS SUCCESS AND MAKING MONEY 2014 ENTREPRENEUR DEVELOPMENT PROVEN STRATEGIES FOR BUSINESS SUCCESS AND MAKING MONEY Entrepreneurs, Micro Businesses

More information

Starting Your Own Business: The Entrepreneurship Alternative

Starting Your Own Business: The Entrepreneurship Alternative Starting Your Own Business: The Entrepreneurship Alternative www.wileybusinessupdates.com Chapter Six Copyright 2015 John Wiley & Sons, Inc. Learning Objectives 2 1 2 Define entrepreneur Identify the different

More information

Introduction to Entrepreneurship

Introduction to Entrepreneurship Entrepreneurship Introduction to Entrepreneurship Lecture 1 Chapter Objectives (1 of 2) 1. Explain entrepreneurship and discuss its importance. 2. Describe corporate entrepreneurship and its use in established

More information

HIGH SCHOOL STUDENTS VIEWS ON FREE ENTERPRISE AND ENTREPRENEURSHIP. A comparison of Chinese and American students 2014

HIGH SCHOOL STUDENTS VIEWS ON FREE ENTERPRISE AND ENTREPRENEURSHIP. A comparison of Chinese and American students 2014 HIGH SCHOOL STUDENTS VIEWS ON FREE ENTERPRISE AND ENTREPRENEURSHIP A comparison of Chinese and American students 2014 ACKNOWLEDGEMENTS JA China would like to thank all the schools who participated in

More information

GUIDELINES OF ENTREPRENEURSHIP FOR INDIAN YOUTH

GUIDELINES OF ENTREPRENEURSHIP FOR INDIAN YOUTH GUIDELINES OF ENTREPRENEURSHIP FOR INDIAN YOUTH OBJECTIVES There are approximately 100 million unemployed and underemployed young people aged 16 to 30 years in our country. At least 20% of these young

More information

Book Code : 7729 Price : ` ISBN COPYRIGHT

Book Code : 7729 Price : ` ISBN COPYRIGHT Book Code : 7729 Price : ` 150.00 ISBN 978-935167-104-6 SBPD PUBLICATIONS COPYRIGHT Sanjay Gupta M. Com., M. Phil. S B P D PUBLICATIONS SBPD PUBLICATIONS COPYRIGHT Publisher & Author Latest Edition Printing

More information

Chapter 6 PROBLEMS OF THE WOMEN ENTREPRENEURS IN KERALA AND TAMIL NADU

Chapter 6 PROBLEMS OF THE WOMEN ENTREPRENEURS IN KERALA AND TAMIL NADU Chapter 6 PROBLEMS OF THE WOMEN ENTREPRENEURS IN KERALA AND TAMIL NADU Several barriers and constraints, viz. cultural, educational, technological, financial and legal lie in the way of women entrepreneurs

More information

Module 10: Entrepreneurial Traits and Types. The Motivating Factors & Theories. Prof. S P Bansal Vice Chancellor. Dr. Vishal Kumar

Module 10: Entrepreneurial Traits and Types. The Motivating Factors & Theories. Prof. S P Bansal Vice Chancellor. Dr. Vishal Kumar Paper 09: Entrepreneurship Development & Project Module 10: Principal Investigator Co-Principal Investigator Paper Coordinator Content Writer Prof. S P Bansal Vice Chancellor Maharaja Agrasen University,

More information

Undergraduate Course Descriptions

Undergraduate Course Descriptions ENTREPRENEURSHIP Undergraduate Course Descriptions ENTR 150 4 credit online course Business Basics for Entrepreneurs This course introduces students to basic concepts from accounting, finance, management

More information

Entrepreneurship and Small Business Management

Entrepreneurship and Small Business Management Unit 9: Unit code Entrepreneurship and Small Business Management T/508/0495 Unit level 4 Credit value 15 Introduction This unit provides students with an understanding of the definition and scope of entrepreneurship

More information

As a pharmacist, if you are offered a locum position, you usually need to take responsibility of the whole pharmacy.

As a pharmacist, if you are offered a locum position, you usually need to take responsibility of the whole pharmacy. How to become a locum Pharmacist: Locum work is a handy means to extra pocket money for many pharmacists. For some, however, it can be an exciting career either temporarily or permanently. Which traits

More information

FRANCHISE INFORMATION PACKAGE

FRANCHISE INFORMATION PACKAGE FRANCHISE INFORMATION PACKAGE newcreations.com Why should I buy a New Creations franchise? Profitability, proprietary materials & methods, and superior training. 2 TABLE OF CONTENTS 04 / ABOUT US 05 /

More information

Entrepreneurial. New Venture. Skills. 3rd edition. Robert N. Lussier, Joel Corman, and David C. Kimball

Entrepreneurial. New Venture. Skills. 3rd edition. Robert N. Lussier, Joel Corman, and David C. Kimball Entrepreneurial New Venture Skills 3rd edition Robert N. Lussier, Joel Corman, and David C. Kimball Ö Routledge Taylor & Francis Group NEW YORK AND LONDON Contents About the Authors Preface ix xi Part

More information

MEASURING THE IMPACT OF ENTREPRENEURSHIP PROGRAMMES ENDEAVOR BRAZIL

MEASURING THE IMPACT OF ENTREPRENEURSHIP PROGRAMMES ENDEAVOR BRAZIL MEASURING THE IMPACT OF ENTREPRENEURSHIP PROGRAMMES ENDEAVOR BRAZIL 1 ENDEAVOR 2 3 ENDEAVOR CHANGING BRAZIL INCREASE THE NUMBER OF HIGH IMPACT ENTREPRENEURS IN THE COUNTRY WHO THEY ARE: Passionate (about

More information

The Prudential Foundation s mission is to promote strong communities and improve social outcomes for residents in the places where we work and live.

The Prudential Foundation s mission is to promote strong communities and improve social outcomes for residents in the places where we work and live. Foundation Grant Guidelines Prudential Financial is a leader in financial services that connects individuals and businesses with innovative solutions for growing and protecting wealth. The company has

More information

RAJAN SHARMA th Semester CSE

RAJAN SHARMA th Semester CSE RAJAN SHARMA 150130800039 6 th Semester CSE Oxford English dictionary defines entrepreneur as one who undertakes an enterprise, especially contractor acting as intermediary between capital and labour.

More information

Section 1: Choosing A Project

Section 1: Choosing A Project Introduction Projects explored in the Choosing A Project section of the elearning tool: Novice Beef Project...3 Market Beef - Live Project...3 Heifer Project...4 Two Year Old Cow with Calf Project or Three

More information

ISSN (P) (E) Cosmos Impact Factor-5.86

ISSN (P) (E) Cosmos Impact Factor-5.86 A Comparison of two ways to start a business: Buying a Franchise and Launching a Startup Anjali Research Scholar, Department of Commerce, M.D.University, Rohtak Abstract: As history says, an entrepreneurship

More information

I Am An American Businessman. Steve Manz CEO, retired Optinfo and Chairman, Board of Advisors, Business Innovation & Growth Council

I Am An American Businessman. Steve Manz CEO, retired Optinfo and Chairman, Board of Advisors, Business Innovation & Growth Council I Am An American Businessman Steve Manz CEO, retired Optinfo and Chairman, Board of Advisors, Business Innovation & Growth Council Themes for This Presentation Understanding Entrepreneurs & Entrepreneurship

More information

Newton College and Career Academy Entrepreneurial Business Incubator

Newton College and Career Academy Entrepreneurial Business Incubator Newton College and Career Academy Entrepreneurial Business Incubator The Newton College and Career Academy (NCCA) Entrepreneurial Business Incubator is an educational learning laboratory designed to provide

More information

FLORIDA S 2018 BUSINESS AGENDA. SECURING FLORIDA S FUTURE FloridaChamber.com

FLORIDA S 2018 BUSINESS AGENDA. SECURING FLORIDA S FUTURE FloridaChamber.com FLORIDA S 2018 BUSINESS AGENDA SECURING FLORIDA S FUTURE FloridaChamber.com Closing Florida s Talent Gap by Improving Educational Opportunities From small businesses to major corporations, a qualified

More information

Address by Deputy President Cyril Ramaphosa at the Launch of Global Entrepreneurship Week, IDC Auditorium, Johannesburg 11 November 2016

Address by Deputy President Cyril Ramaphosa at the Launch of Global Entrepreneurship Week, IDC Auditorium, Johannesburg 11 November 2016 Address by Deputy President Cyril Ramaphosa at the Launch of Global Entrepreneurship Week, IDC Auditorium, Johannesburg 11 November 2016 Minister of Small Business Development, Ms Lindiwe Zulu, Premier

More information

After going through this chapter you will be well acquainted with

After going through this chapter you will be well acquainted with 1 Meaning, elements, determinants and importance of entrepreneurship and creative, behaviour, Entrepreneurship and creative response to the society problems and at work After going through this chapter

More information

ESSENTIALS OF ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT Chapter 1: The Foundations of Entrepreneurship

ESSENTIALS OF ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT Chapter 1: The Foundations of Entrepreneurship Copyright 2016 Pearson Education, Inc. 1 1-1 Copyright 2016 Pearson Education Inc Section 1: The Challenge of Entrepreneurship 1 The Foundations of Entrepreneurship Copyright 2016 Pearson Education, Inc.

More information

Creating A Small Business

Creating A Small Business Creating A Small Business One Step at a Time This Manual provides practical and direct advice on starting a business in and around Niagara County Small Business Development Center 716-210-2515 www.niagarasbdc.org

More information

The Importance of Being Entrepreneurial in Today s Changing University Environment

The Importance of Being Entrepreneurial in Today s Changing University Environment The Importance of Being Entrepreneurial in Today s Changing University Environment Dr. Michael Morris Witting Chair in Entrepreneurship Syracuse University and Hilton Visiting Chair Iowa State University

More information

YOUNG ENTREPRENEURS BUSINESS GRANT PROGRAM APPLICATION SECTION A: PERSONAL AND BUSINESS INFORMATION

YOUNG ENTREPRENEURS BUSINESS GRANT PROGRAM APPLICATION SECTION A: PERSONAL AND BUSINESS INFORMATION Please complete all sections. YOUNG ENTREPRENEURS BUSINESS GRANT PROGRAM APPLICATION SECTION A: PERSONAL AND BUSINESS INFORMATION FREEDOM OF INFORMATION AND PROTECTION OF PRIVACY ACT This personal information

More information

Explaining The Easier Way to Change Jobs System

Explaining The Easier Way to Change Jobs System www.careerpace.com tel. -877-576-9997 email publisher@careerpace.com 4950 So. Yosemite, F2-358, Greenwood Village, Colorado 80 Explaining The Easier Way to Change Jobs System No one in the world has created

More information

The following document will show the ongoing commitment of Junior Achievement Serbia to the Global Compact initiative and its principles.

The following document will show the ongoing commitment of Junior Achievement Serbia to the Global Compact initiative and its principles. I am pleased to confirm that Junior Achievement Serbia supports the ten principles of the UN Global Compact with respect to human rights, labour, environment and anti-corruption. We work hard to advance

More information

CHAPTER 6. Starting Your Own Business: The Entrepreneurship Alternative

CHAPTER 6. Starting Your Own Business: The Entrepreneurship Alternative CHAPTER 6 Starting Your Own Business: The Entrepreneurship Alternative Chapter Summary: Key Concepts What Is an Entrepreneur? Entrepreneur Categories of entrepreneurs The person who seeks a profitable

More information

NEW. youth. Entrepreneur. the KAUFFMAN. NYE Intermediate Part 1: Modules 1-6. Foundation

NEW. youth. Entrepreneur. the KAUFFMAN. NYE Intermediate Part 1: Modules 1-6. Foundation youth NEW Entrepreneur the NYE Intermediate Part 1: Modules 1-6 g KAUFFMAN Foundation What is an entrepreneur? Can you be an entrepreneur? Roles and contributions of entrepreneurs to society The Entrepreneurial

More information

THE SCHOOL OF MANAGEMENT UNIVERSITY OF TEXAS AT DALLAS BA 4308: ENTREPRENEURSHIP ROOM: SOM THURSDAY 7:00 9:45 PM FALL 05

THE SCHOOL OF MANAGEMENT UNIVERSITY OF TEXAS AT DALLAS BA 4308: ENTREPRENEURSHIP ROOM: SOM THURSDAY 7:00 9:45 PM FALL 05 THE SCHOOL OF MANAGEMENT UNIVERSITY OF TEXAS AT DALLAS BA 4308: ENTREPRENEURSHIP ROOM: SOM 2.901 THURSDAY 7:00 9:45 PM FALL 05 PROFESSOR DAVID L. DEEDS Office: 4.204 SOM Office Hrs: TH 6:00-7:00 & by appt.

More information

Introduction to crowdfunding

Introduction to crowdfunding Introduction to crowdfunding Introduction to crowdfunding Welcome to the MyParkScotland crowdfunding resource. This is the first of five information and work sheets the other resources are: running your

More information

The Second Science with Africa Conference

The Second Science with Africa Conference The Second Science with Africa Conference Entrepreneurship Education for Scientists and Engineers in Africa: Challenges and Opportunities Pushpendra K. Jain, MSc, PhD, CPhys, FInstP Professor of Physics,

More information

Chapter 1. Chapter Objectives 1 of 2. Introduction to Entrepreneurship. Chapter Objectives 2 of 2

Chapter 1. Chapter Objectives 1 of 2. Introduction to Entrepreneurship. Chapter Objectives 2 of 2 Chapter 1 Introduction to Entrepreneurship Bruce R. Barringer R. Duane Ireland Chapter Objectives 1. Explain entrepreneurship and discuss its importance. 2. Describe corporate entrepreneurship and its

More information

EY Darden Master Class Programme

EY Darden Master Class Programme EY Darden Master Class Programme Entrepreneurship: Creating, Leading, Transforming 25 27 September 2017 Programme 25 September 10:30am 6:00pm 26 September 8:30am 6:00pm 27 September 8:30am 3:30 pm Alumni

More information

ASPECTS OF ENTREPRENEURSHIP CHARACTERISTICS

ASPECTS OF ENTREPRENEURSHIP CHARACTERISTICS Universitatea de Ştiinţe Agricole şi Medicină Veterinară Iaşi ASPECTS OF ENTREPRENEURSHIP CHARACTERISTICS Dan DONOSĂ 1, Raluca Elena DONOSĂ 1, Gavril ŞTEFAN 1 1 University of Agricultural Sciences and

More information

A MODEL FOR ENTREPRENEURSHIP TRAINING AND MANAGEMENT SKILLS DEVELOPMENT FOR SUSTAINABLE ECONOMIC GROWTH

A MODEL FOR ENTREPRENEURSHIP TRAINING AND MANAGEMENT SKILLS DEVELOPMENT FOR SUSTAINABLE ECONOMIC GROWTH Abstract A MODEL FOR ENTREPRENEURSHIP TRAINING AND MANAGEMENT SKILLS DEVELOPMENT FOR SUSTAINABLE ECONOMIC GROWTH Marvin Painter Ph.D., University of Saskatchewan, Canada Email: painter@commerce.usask.ca

More information

Corporate Entrepreneur Interview. Carlos Moreira,

Corporate Entrepreneur Interview. Carlos Moreira, Corporate Entrepreneur Interview Carlos Moreira, Founder, Chairman & CEO of WISeKey Interviewed by Roman Protasevich, INSEAD 15D class participant Introduction I interviewed Mr. Carlos Moreira, Spanish-born,

More information

Local Business Council Initiation Seminar. 28 November 2014

Local Business Council Initiation Seminar. 28 November 2014 Local Business Council Initiation Seminar 28 November 2014 Content Introduction Alignment of Council with other initiatives Bapo ba Mogale Investments Strategy Proposed Bapo Business Council Strategy Tools

More information

Grant Guidelines. 4. Is this the best possible use of Citi Foundation funds given other opportunities before us?

Grant Guidelines. 4. Is this the best possible use of Citi Foundation funds given other opportunities before us? Grant Guidelines The mission of the Citi Foundation is to promote economic progress and improve the lives of people in lowincome communities around the world. We invest in efforts that increase financial

More information

SOLUTIONS FOR AN AGEING SOCIETY

SOLUTIONS FOR AN AGEING SOCIETY SOLUTIONS FOR AN AGEING SOCIETY UnLtd Partnership Prospectus UnLtd has come together with the Esmée Fairbairn Foundation to partner with agencies across England who have a strong interest and commitment

More information

Derek Thomas s. St Ives INSIDE. Plan to deliver for West Cornwall & the Isles of Scilly. Constituency General Election Thursday 7 May 2015

Derek Thomas s. St Ives INSIDE. Plan to deliver for West Cornwall & the Isles of Scilly. Constituency General Election Thursday 7 May 2015 Derek Thomas s Plan to deliver for West Cornwall & the Isles of Scilly INSIDE PAGE 3: Health and Social Care PAGE 4: Jobs and Skills PAGE 6: Regeneration and housing St Ives Constituency General Election

More information

Inclusive Local Economies Program Guidelines

Inclusive Local Economies Program Guidelines Inclusive Local Economies Program Guidelines Contents 1 Metcalf Foundation 2 Inclusive Local Economies Program 3 Opportunities Fund 8 Upcoming Application Deadlines 9 Opportunities Fund Application Cover

More information

Strategic Plan

Strategic Plan Strategic Plan 2013-2015 Board approved on September 25, 2012 Presented to the membership February 28, 2013 Building a Stronger Community Together MISSION STATEMENT The Quinte West Chamber of Commerce

More information

Going Global 2012 International Education Conference March 2012 The Queen Elizabeth II Conference Centre, London, UK

Going Global 2012 International Education Conference March 2012 The Queen Elizabeth II Conference Centre, London, UK Going Global 2012 International Education Conference 13 15 March 2012 The Queen Elizabeth II Conference Centre, London, UK Developing Skills for Prosperity in the Arab Spring Countries.. The Importance

More information

DIAMOND POLICY FRAMEWORK

DIAMOND POLICY FRAMEWORK DIAMOND POLICY FRAMEWORK 1.0 INTRODUCTION The Government of the Northwest Territories (GNWT) supports and encourages the growth of the Diamond Manufacturing industry in the Northwest Territories (NWT).

More information

The Young Entrepreneur s Journey. The 2 nd stage of the 2 stage Youth Exchange

The Young Entrepreneur s Journey. The 2 nd stage of the 2 stage Youth Exchange The Young Entrepreneur s Journey The 2 nd stage of the 2 stage Youth Exchange Ada Serbia August 23-31 2015 Summary 36 young people with fewer opportunities from rural and urban areas from 6 countries (Hungary,

More information

Industry Awards Application Form

Industry Awards Application Form The WA Industry & Export Awards are proudly managed by the Export Council of Australia (ECA) on behalf of the Department of Jobs, Tourism, Science & Innovation. For any questions and assistance please

More information

3. The chances of success for a new business startup are determined primarily by the size of the initial financial investment.

3. The chances of success for a new business startup are determined primarily by the size of the initial financial investment. True / False 1. Entrepreneurship is a personal journey that begins in the mind of the nascent entrepreneur. ANSWER: True REFERENCES: Preparing for the Entrepreneurial Journey, Intro 2. Research has enabled

More information

A Tale of Women Entrepreneurs: Problems and Prospects

A Tale of Women Entrepreneurs: Problems and Prospects A Tale of Women Entrepreneurs: Problems and Prospects Dr. Sachin H. Lad Assistant Professor, Sanjay Ghodawat University, Kolhapur. ABSTRACT The paper assessed the constraints faced by women entrepreneurs

More information

ENTREPRENEURIAL INTERNSHIP FRAMEWORK FOR HOSPITALITY MANAGEMENT PROGRAM IN THE PHILIPPINES

ENTREPRENEURIAL INTERNSHIP FRAMEWORK FOR HOSPITALITY MANAGEMENT PROGRAM IN THE PHILIPPINES ENTREPRENEURIAL INTERNSHIP FRAMEWORK FOR HOSPITALITY MANAGEMENT PROGRAM IN THE PHILIPPINES A Working Paper Presented during the THE-ICE 11th IPoE Forum Scholarly excellence in the age of compliance 13th

More information

Vidēre [Latin] verb - to see

Vidēre [Latin] verb - to see Vidēre [Latin] verb - to see 116 Local business owners vetted 78 Business professionals sent 72 Entrepreneurs funded 35+ Villages impacted Videre fights physical and spiritual poverty by providing business

More information

THE ROLE OF ENTREPRENEURSHIP IN JOB CREATION. Ngozi Nwaoke

THE ROLE OF ENTREPRENEURSHIP IN JOB CREATION. Ngozi Nwaoke THE ROLE OF ENTREPRENEURSHIP IN JOB CREATION Ngozi Nwaoke Abstract The paper examined the role of entrepreneurship in wealth creation. The area of the study was Onitsha urban, Anambra State of Nigeria.The

More information

Is Being an Entrepreneur in Your Future?

Is Being an Entrepreneur in Your Future? SESSION TITLE: Is Being an Entrepreneur in Your Future? SPEAKER NAME: Patricia A. Mews, MHA, RN, CNOR Rose E. Seavey, MBA, BS, RN, CNOR, CRCST, CSPDT Marie Carson, MHL, BBA, RN, Carson Legal SESSION NUMBER:

More information

REMEMBER: MAKE NO MARKS ON THIS TEST.

REMEMBER: MAKE NO MARKS ON THIS TEST. Page 1 of 5 irections For Numberss 1-37 : Read each multiple choice item and possible answers carefully. Mark the letter of the correct answer on your answer sheet or as instructed by your teacher. REMEMER:

More information

Small Business. Chapter 01. Its Opportunities and Rewards. Copyright 2011 by the McGraw-Hill Companies, Inc. All rights reserved.

Small Business. Chapter 01. Its Opportunities and Rewards. Copyright 2011 by the McGraw-Hill Companies, Inc. All rights reserved. Small Business Its Opportunities and Rewards Chapter 01 McGraw-Hill/Irwin Copyright 2011 by the McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives LO1 Understand the scope of small business

More information

21 22 May 2014 United Nations Headquarters, New York

21 22 May 2014 United Nations Headquarters, New York Summary of the key messages of the High-Level Event of the General Assembly on the Contributions of North-South, South- South, Triangular Cooperation, and ICT for Development to the implementation of the

More information

Rajendra Mishra School of Engineering Entrepreneurship Indian Institute of Technology, Kharagpur , INDIA

Rajendra Mishra School of Engineering Entrepreneurship Indian Institute of Technology, Kharagpur , INDIA Detailed Dual Degree Course Structure at RMSOEE 1. Basic entrepreneurship (EP 60001) Entrepreneurial traits, true motivation & leadership, understanding of Entrepreneurial process,

More information

GGDL Entrepreneurial Grants Program

GGDL Entrepreneurial Grants Program GGDL Entrepreneurial Grants Program 2014-2015 1 GGDL Entrepreneurial Grants Program RATIONALE The GGDL Entrepreneurial Grants Program provides business advisory services and support to Gordon First Nation

More information

Vodafone Group Plc June Our contribution to the UN SDGs

Vodafone Group Plc June Our contribution to the UN SDGs Vodafone Group Plc June 2018 Our contribution to the UN SDGs The UN Sustainable Development Goals In 2015, the United Nations launched 17 goals to end poverty, fight inequality and injustice and tackle

More information

Supporting Entrepreneurship

Supporting Entrepreneurship Supporting Entrepreneurship This section outlines ways to use your market analysis to support entrepreneurship in your downtown or business district. Entrepreneurship represents the capacity and willingness

More information

Do something good for yourself and society

Do something good for yourself and society Do something good for yourself and society Stage #1 Stage #2 15-23 September 2016, (9 days) Ada Serbia 12-20 November 2016 (9 days) Hajdúböszörmény Hungary The 1st stage of the 2 stage Youth Exchange Ada

More information

SIR JOHN A. MACDONLAD HIGH SCHOOL

SIR JOHN A. MACDONLAD HIGH SCHOOL SIR JOHN A. MACDONLAD HIGH SCHOOL Entrepreneurship 12 Business for a Day Mini Venture Term Project Student Name: Sir John A. Macdonald High School 31 Scholar Road Upper Tantallon, NS Mini-Venture Booklet

More information

Reporting document on seminar No. 3 in Panevėžys

Reporting document on seminar No. 3 in Panevėžys Reporting document on seminar No. 3 in Panevėžys This docment is used to outline details related to reporting requirements of the project. 1. Content. Be involved seminar programme was developed and conducted

More information

Pratidhwani the Echo

Pratidhwani the Echo Pratidhwani the Echo A Peer-Reviewed International Journal of Humanities & Social Science ISSN: 2278-5264 (Online) 2321-9319 (Print) Impact Factor: 6.28 (Index Copernicus International) Volume-V, Issue-II,

More information

Course syllabus Entrepreneurship

Course syllabus Entrepreneurship Course syllabus Entrepreneurship COURSE DETAILS Type of study programme Study programme Course title Course code ECTS (Number of credits allocated) Course status Year of study Course Web site Total lesson

More information

8045 MSc in Bioinformatics for Health Sciences PRO. Design and Management of Research Projects

8045 MSc in Bioinformatics for Health Sciences PRO. Design and Management of Research Projects 8045 MSc in Bioinformatics for Health Sciences 31029 PRO. Design and Management of Research Projects Syllabus Information Academic Course: 2017/18 Academic Center: 804 - Official Postgraduate Programme

More information

After completing this chapter, you will be able to:

After completing this chapter, you will be able to: Chapter 5 Entrepreneurship After completing this chapter, you will be able to: Section 5.1 Rewards and Challenges of Entrepreneurship Define entrepreneur and entrepreneurship. List at least five rewards

More information

Universities supporting entrepreneurship: Motivation, Ideas, Skills, Connections

Universities supporting entrepreneurship: Motivation, Ideas, Skills, Connections Universities supporting entrepreneurship: Motivation, Ideas, Skills, Connections Principles of good practice and findings from case studies Andrea-Rosalinde Hofer, 13 October 2009 Two premises on the role

More information

Tampa Bay Regional Planning Council Urban Focused Six Pillar Work

Tampa Bay Regional Planning Council Urban Focused Six Pillar Work Tampa Bay Regional Planning Council Urban Focused Six Pillar Work Economic Development, Entrepreneurship, Quality of Life and Quality of Place Lyneir Richardson, Executive Director Center for Urban Entrepreneurship

More information

BDC s Annual Public Meeting September 7, Remarks by Sam Duboc, Chairperson of the Board, BDC, and Michael Denham, President and CEO, BDC

BDC s Annual Public Meeting September 7, Remarks by Sam Duboc, Chairperson of the Board, BDC, and Michael Denham, President and CEO, BDC BDC s Annual Public Meeting September 7, 2017 Remarks by Sam Duboc, Chairperson of the Board, BDC, and Michael Denham, President and CEO, BDC CHECK AGAINST DELIVERY Sam Duboc, Chairperson of the Board,

More information

Building Financial Literacy Skills through Entrepreneurship

Building Financial Literacy Skills through Entrepreneurship Building Financial Literacy Skills through Entrepreneurship Richard Bernhard Kenan Institute Asia OECD Conference Bali, Indonesia 21-22 October 2008 Agenda Financial literacy situation for Thai youth Challenges

More information

The Missing Entrepreneurs 2015 POLICIES FOR SELF-EMPLOYMENT AND ENTREPRENEURSHIP

The Missing Entrepreneurs 2015 POLICIES FOR SELF-EMPLOYMENT AND ENTREPRENEURSHIP The Missing Entrepreneurs 2015 POLICIES FOR SELF-EMPLOYMENT AND ENTREPRENEURSHIP EXECUTIVE SUMMARY The Missing Entrepreneurs 2015 Policies for Self-employment and Entrepreneurship OECD/European Union

More information

A Study on Attitude of Commerce Graduating Students Towards Entrepreneurship in Kerala

A Study on Attitude of Commerce Graduating Students Towards Entrepreneurship in Kerala Quest Journals Journal of Research in Business and Management Volume 5 ~ Issue 1(2017) pp: 42-47 ISS(Online) : 2347-3002 www.questjournals.org Research Paper A Study on Attitude of Commerce Graduating

More information

Opportunities Fund INCLUSIVE LOCAL ECONOMIES. 2017/2018 Program Guidelines METCALF FOUNDATION. We focus our efforts on three areas:

Opportunities Fund INCLUSIVE LOCAL ECONOMIES. 2017/2018 Program Guidelines METCALF FOUNDATION. We focus our efforts on three areas: INCLUSIVE LOCAL ECONOMIES Opportunities Fund 2017/2018 Program Guidelines METCALF FOUNDATION The George Cedric Metcalf Charitable Foundation s mission is to enhance the effectiveness of people and organizations

More information

Social Enterprise: Implications for South Africa s Non-Profit Sector

Social Enterprise: Implications for South Africa s Non-Profit Sector Social Enterprise: Implications for South Africa s Non-Profit Sector Presented by Marcus Coetzee at the NPO Conference hosted by the SA Accounting Academy in Johannesburg 24 May 2016 Agenda 1. Introduction

More information

Africa is a land of tremendous wealth and enormous

Africa is a land of tremendous wealth and enormous Africa is a land of tremendous wealth and enormous untapped potential. We are a young continent. Today, we have 420 million young people aged 15 to 35. By 2050, the numbers are expected to double to almost

More information

Chapter 6 Small Business, Entrepreneurship, and Franchising

Chapter 6 Small Business, Entrepreneurship, and Franchising Chapter 6 Small Business, Entrepreneurship, and Franchising Asst. Prof. Dr. Serdar AYAN 1 5-1 5-2 Cato Corner Farm Farmstead Cheeses Great demand for new, unique artisan cheeses. A mother-son operation

More information

Questionnaire on Women Entrepreneur. 1. Name of Respondents /owner: 2. Address: 3. Phone: Age :. Obc Others ST SC Minority.

Questionnaire on Women Entrepreneur. 1. Name of Respondents /owner: 2. Address: 3. Phone: Age :. Obc Others ST SC Minority. Questionnaire on Women Entrepreneur ANNEXURE I 1. Name of Respondents /owner: 2. Address: 3. Phone:.. 4. Email: 5. Age :. Obc Others ST SC Minority 6. Category : 7. Marital status: Single Married Separated

More information

VALLIAMMAI ENGINEERING COLLEGE SRM Nagar, Kattankulathur DEPARTMENT OF MANAGEMENT STUDIES QUESTION BANK

VALLIAMMAI ENGINEERING COLLEGE SRM Nagar, Kattankulathur DEPARTMENT OF MANAGEMENT STUDIES QUESTION BANK VALLIAMMAI ENGINEERING COLLEGE SRM Nagar, Kattankulathur 03 203 DEPARTMENT OF MANAGEMENT STUDIES QUESTION BANK BA5014 Entrepreneurship Development Regulation 2017 Academic Year 2018 19 Prepared by Dr.J.Padmini,

More information

EAST AFRICAN COMMUNITY EAST AFRICAN SCIENCE AND TECHNOLOGY COMMISSION (EASTECO) REQUEST FOR PROPOSALS

EAST AFRICAN COMMUNITY EAST AFRICAN SCIENCE AND TECHNOLOGY COMMISSION (EASTECO) REQUEST FOR PROPOSALS EAST AFRICAN COMMUNITY EAST AFRICAN SCIENCE AND TECHNOLOGY COMMISSION (EASTECO) REQUEST FOR PROPOSALS TERMS OF REFERENCE FOR CONSULTANCY SERVICES TO CONDUCT REGIONAL TRAININGS ON SKILLS AND ENTREPRENEURSHIP

More information

To advance innovation and creativity in future IT generations in Palestine.

To advance innovation and creativity in future IT generations in Palestine. July, 2013 / Najjad Zeenni Information Technology Center of Excellence Helping bridge the digital divide in refugee camps Al-Amari refugee camp receives a computer lab from Birzeit University 2 Providing

More information

COUNCIL OF THE EUROPEAN UNION. Brussels, 30 April /14 JEUN 55 EDUC 111 SOC 235 CULT 46

COUNCIL OF THE EUROPEAN UNION. Brussels, 30 April /14 JEUN 55 EDUC 111 SOC 235 CULT 46 COUNCIL OF THE EUROPEAN UNION Brussels, 30 April 2014 8378/14 JEUN 55 EDUC 111 SOC 235 CULT 46 NOTE from: General Secretariat of the Council to: Permanent Representatives Committee (Part 1) / Council No.

More information

Riding the Wave of Nascent Entrepreneurs in HK & China to Create your Business Kevin Au

Riding the Wave of Nascent Entrepreneurs in HK & China to Create your Business Kevin Au Riding the Wave of Nascent Entrepreneurs in HK & China to Create your Business Kevin Au Associate Director Center for Entrepreneurship, The Chinese University of Hong Kong 18 June, 2010 Participation in

More information

Building Vitality in Rural Washington

Building Vitality in Rural Washington Building Vitality in Rural Washington The Power of Partnerships WPPA Spring Meeting 2017 Paul Kimmell Business & Public Affairs Avista Corporation Malden faces revenue pinch December 28, 2016 By Kara McMurray

More information

Innovation & Social Enterprise: Building Financial Capacity

Innovation & Social Enterprise: Building Financial Capacity Innovation & Social Enterprise: Building Financial Capacity Tim Draimin CEO, Tides Canada Foundation Chair, Causeway AFP Fundraising Day, May 28, 2008 We have seen that the function of entrepreneurs is

More information

LIST of ERDF PROJECTS IN THE LONDON LEP AREA as of 31 October 2017

LIST of ERDF PROJECTS IN THE LONDON LEP AREA as of 31 October 2017 LIST of ERDF PROJECTS IN THE LONDON LEP AREA as of October 207 Priority Axis Organisation Project name Description Total eligible costs EU Contribution Contact details Newable INNOVATE 2 SUCCEED The project

More information

NATURE AND CONCEPT OF ENTREPRENEURSHIP If you can dream it, you can do it. -- Walt Disney

NATURE AND CONCEPT OF ENTREPRENEURSHIP If you can dream it, you can do it. -- Walt Disney CHAPTER 1 NATURE AND CONCEPT OF ENTREPRENEURSHIP If you can dream it, you can do it. -- Walt Disney 1.1 EVOLUTION OF CONCEPT OF ENTREPRENEUR The word entrepreneur is derived from French word Entreprendre

More information

SMALL BUSINESS CENTER

SMALL BUSINESS CENTER SMALL BUSINESS CENTER MAY JULY 18 cpcc.edu/sbc Kelly Fields, owner Polar Snoballs by Kelly C ENTRAL P IEDMONT C OMMUNITY C OLLEGE MAY JULY CLASSES REGISTER NOW BY CALLING 704.330.4223. STARTUP How to Start

More information

INNOVATION POLICY FOR ECONOMIC DEVELOPMENT

INNOVATION POLICY FOR ECONOMIC DEVELOPMENT INNOVATION POLICY FOR ECONOMIC DEVELOPMENT PURPOSE The purpose of the Bexar County Innovation Policy for Economic Development is to spur and accelerate the growth of the innovation-focused digital information

More information

THE FRANCHISE OPPORTUNITY

THE FRANCHISE OPPORTUNITY THE FRANCHISE OPPORTUNITY BRAND EXPERTISE Pillar To Post is North America s leading and largest home inspection company. For twenty years, Pillar To Post has brought innovation, professionalism and service

More information