ENTREPRENEURIAL

MIND
OBJECTIVES:
1. Know about the business
resources and ideas for an
entrepreneur
2. Discuss on entrepreneurship
ideas in action
3. Identify the pursuit of knowledge
for entrepreneurs

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Business Resource and Ideas
for Entrepreneur
Personal Services
 Encompasses a broad spectrum of
services offered to individuals rather
than businesses. These may include
personal shopper, personal assistant,
child and elder care, wedding planner,
tutor and many more.

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Entrepreneurial Resources
 Assets both tangible and intangible,
that are mobilized by entrepreneurs in
the process of building a business,
organization, or other initiative.

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Entrepreneurial Resources
 Entrepreneurial resources include sources
of financing such as lines of credit and
investment capital, but may also include
abstract resources such as knowledge of a
particular field or technology, or network
of contacts who can be called upon to
contribute financial support, publicity, or
other benefits to a growing enterprise.
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5 Factors Influence Entrepreneurship
1. Creativity
2. Risk Tolerance
3. Responsiveness
4. Leadership
5. Rights

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1. Creativity
 Do not be dissuaded by the challenge to
be creative. You need not be the
original wheel creator to improve upon
a stone cylinder.

 By accumulating your ideas, you will be

able to distill the great ones from the
rest and be ready to run with the best.
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2. Risk Tolerance
 Rewards rarely come without risk.
Your ability to take advantage of an
opportunity will depend, in part, on
your tolerance for risk.

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3. Responsiveness
 The ability to respond to the market
and new business opportunities can be
the difference between a successful
entrepreneur and a failed business
model.

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4. Leadership
 Leaders are challenged with taking
possibilities and turning them into
inspiring visions for others. You must
take the lead for your ideas to come
to fruition.

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5. Right
 Intellectual property laws can provide
you with exclusive business rights to
your ideas. If you do not protect your
ideas, they may be copied cheaply.

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Entrepreneurial Control
Terms to consider:
1. Advertiser
2. Crowd Funding
3. Social Media

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1. Advertiser
 Advertiser is a person or company
that pays for a product, event, or
job to be advertised in a
newspaper, on television or on a
poster.

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2. Crowd Funding
 It is an innovative way to raise
capital without having to deal with
lawyers, bankers or regulatory
agencies.

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3. Business Concept
 For entrepreneurs, it is often easier
to come up with a variety of ideas
for new businesses and more
difficult to actually implement those
concepts.
 A business concept is a bridge
between an idea and a business plan.
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Business Planning
 It is a formal statement of business
goals, reasons they are attainable,
and plans for reaching them. It may
also contain background
information about the organization
or team attempting to reach those
goals.

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Entrepreneur Network
 An entrepreneur network
describes a group of
entrepreneurs, who have come
together to share resources and
generally support one another.

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Develop Economic Ideas
 Developed countries are not the only
nations in which entrepreneurship
and economic development are
needed.
 In third world countries where poverty
has taken a hold on communities, the
extension of small amounts of funding
can help entrepreneurs to begin new
businesses. 19
Thanks!
Any questions?

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