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NEUROBIOLOGICAL
► increased neuron growth, increased neurological
activity
►improved stress coping
►Enhanced cognitive control of behavior
►improved declarative, spatial, and working
memory
AEROBIC EXERCISE
By definition it means “with oxygen”
ANAEROBIC EXERCISE
Anaerobic exercise is any activity that breaks down
glucose for energy without using oxygen.
Truth # 6: Entrepreneurs act more than they plan. Entrepreneurship is a philosophy. It is the way
one thinks, one acts and therefore it can exist in any
Truth # 7: Entrepreneurship is a life skill. situation be it business or government or in the field
of education, science and technology or poverty
Now that we have separated the truths from the alleviation or any others.
myths, it is time to create a new narrative. Our
economic future depends on entrepreneurs, and the According to Peter Drucker Entrepreneurship is
traditional, narrow definition has stifled what it defined as ‘a systematic innovation, which consists
really means to be an entrepreneur. But to create a in the purposeful and organized search for changes,
new story, we need to know how we arrived at this and it is the systematic analysis of the opportunities
current narrative in the first place. The answer lies such changes might offer for economic and social
in history. innovation.
CONCEPTS OF ENTREPRENEURSHIP DEVELOPMENT Entrepreneurship is a dynamic process of vision,
Entrepreneurship involves decision making, change, and creation. It requires an application of
innovation, implementation, forecasting of the energy and passion towards the creation and
implementation of new ideas and creative solutions.
Essential ingredients include the willingness to take
calculated risks- in terms of time, equity, or career;
the ability to formulate an effective venture team;
the creative skill to marshal needed resources; the
fundamental skills of building a solid business plan;
and, finally, the vision to recognize opportunity
where others see chaos, contradiction, and
confusion.
6 CONCEPTS IN ENTREPRENEURSHIP
The first concept that should be understood is the
concept of business. Everything an entrepreneur
does revolve around the concept of business. As
such one should know what business is at its most
fundamental level.
CONCEPT 1:
Business is the activity of making, buying, selling
or supplying goods or services for money. In other
words, a business is a commercial organization such
as a company, shop/store or factory. One of the
primary goals of business is to make money.
CONCEPT 2:
Revenue is the amount of money that is brought
into a company by its business activities. Revenue
is calculated by multiplying the price at which
goods or services are sold by the number of units or
amount sold.