Agenda for 3-week

• Recap of the 2-week

• Formation of Entrepreneurial Personality

Are entrepreneurs born or made?

ECVL332_Entrepreneurship

Week Content
1 Entrepreneur and Entrepreneurship Concepts
2 Characteristics of the Entrepreneur
3 Formation of Entrepreneurial Personality
4 Entrepreneurship in the World and Turkey
5 Innovation and Creativity
6 Promotion of Entrepreneurship
7 Small Business Concept, Characteristics / Types, Advantages and Disadvantages of Small Companies
8 Midterm Exam

9 Starting a New Business / Buying an Existing Business

10 Selection of Business Location, Establishment Problems

11 Supply, Production, Marketing Functions in Small Enterprises

12 Finance and Management Functions in Small Companies

13 Reasons for Success and Failure in Small Business

14 Small Business Assistance Organization

15 Final
Entrepreneur characteristics
Motivation
Creativity
Passion
Networking skills
Self-confidence
Benchmarking
Curiosity
Vision
Optimism
Risk-taking
Goal mindset
Persuasiveness
Decision-making
Money management
Adaptability
Persistence
Innovative Thinking
Discipline
Leadership
 Self-confidence

Self-confidence
A great entrepreneur is aware of their strengths and weaknesses.
Rather than letting shortcomings hold them back, they build well-
rounded teams that complement their abilities.
In many cases, it’s the entrepreneurial team, rather than an
individual, that drives a business venture toward success. When
starting your own business, it’s critical to surround yourself with
teammates who have complementary talents and contribute to a
common goal.
 Discipline

Discipline
As an entrepreneur there is no boss looking over your shoulder, no
one at your back motivating you to move forward. Clearly then, you
need plenty of discipline to work independently and move towards
your goals, overcoming whatever obstacles are in your way that
might weaken your drive. Successful entrepreneurs persist with
their plans, keeping their eye on the big picture and persevering
against the odds.
 Risk Tolerance

Risk Tolerance
Entrepreneurship is often associated with risk. While it’s true
that launching a venture requires an entrepreneur to take
risks, they also need to take steps to minimize it.
While many things can go wrong when launching a new
venture, many things can go right. According to
Entrepreneurship Essentials, entrepreneurs who actively
manage the relationship between risk and reward position
their companies to “benefit from the upside.”
Successful entrepreneurs are comfortable with encountering
some level of risk to reap the rewards of their efforts;
however, their risk tolerance is tightly related to their efforts
to mitigate it.
 Make decisions

Make decisions
Entrepreneurs are responsible for making decisions and taking actions
that help the business to achieve its objectives. Sometimes you need to
make quick decisions or decide under pressure. Entrepreneurs improve
their decision-making skills by relying on actionable and reliable
information. You need to have a better understanding of the problems
you want to solve. Analyze the impact of potential decisions and
ensure you take enough time to decide. Also, you can narrow your
options to make the decision-making process easier.
 Optimism

Optimism
If you want to be a successful entrepreneur you need to have
an optimistic outlook, which means focusing on the positive
and showing resilience in the face of obstacles. Optimism
means not allowing yourself to be demotivated.

You can remain optimistic by:

•Surrounding yourself with optimistic staff
•Seeing curveballs as challenges and opportunities, rather
than problems
•Finding the positive in every situation and moving forward
from there
•Listening to inspirational talks, reading inspirational stories
and removing negative energy from your work environment
 Agenda for 3-week

• Recap of the 2-week

• Formation of Entrepreneurial Personality

 Developing entrepreneurial skills

Optimization
of personal
skills

Networking
Reducing
with other
stress
entrepreneurs

Developing
entrepreneurial
skills
Active Using
learning communities

Read about
entrepreneurs

You don’t have to be born with entrepreneurial skills

 Reducing stress

1. Optimization of personal skills

Be confident, friendly and approachable–

consistently. Practice these things daily and they’ll
become habitual. Of course, everyone has their “off”
days. Yet, these interpersonal skills can help weather
them.
 Networking with other entrepreneurs

2. Networking with other entrepreneurs

Linked, Twitter is a great place to start. As a real-time platform, it’s
perfect for eyeballing what others are up to and discovering key
people.
You can create lists that filter what you see, too. Create a list with Entrepreneurial success:
hashtags on topics relevant to you. Create another with the top Use the power of your network
entrepreneurs you admire, or one focusing on competitors.

Next, join an entrepreneur organization. There are free ones and paid-
for platforms for upskilling programs. This way, you can often connect Effective way:
with fellow entrepreneurs at the same stage in their work. They may To connect & network
even be trying to solve the same problems. A quick internet search is all
With other
it takes to get started.
entrepreneurs
 Using communities

3. Using communities

You can join communities in your industry and

ask questions. The members respond with
personal feedback and possible solutions. This
kind of collaboration is worth its weight in
gold.If there is no community yet, you can
always start one.

If you agree to lead it, whether it's a monthly

meeting or an online event, you're sure to learn
a lot quickly.
 Read about entrepreneurs

4. Read about entrepreneurs

There are many great books that

can improve your entrepreneurial
skills. Make a list. Then slowly
work your way through reading -
or listening to - these books.
 Active learning

5. Active learning

The need for continuous learning is high as an entrepreneur. Look for

courses in your field (think about your strengths and weaknesses to
spot gaps). Conferences and events, seminars, and meetups offer
easy ways to upskill and make new connections at the same time.
Have a look at Eventbrite for these, or ask in the communities you
join, or on Twitter. The incredible thing about people is that help
offered is often returned. All you have to do is reach out.
 Reducing stress

6. Reducing stress

Your learning rate as a proactive entrepreneur is going to rocket.

With events to attend, talks to prep, and elevator pitches to perfect,
your entrepreneurial skills are bound to improve. But work can easily
take over. Sticking to that running club (or starting one for
entrepreneurs) is important. Catch a film or take time out to read a
book that’s on your personal rather than professional list.
 Link for literature

• Aalborg Universitet Software Entrepreneurship

• https://www.cmu.edu/swartz-center-for-entrepreneurship/education-and-resources/project-olympus/pdf/entrepreneurship-101.pdf
• http://www.untag-smd.ac.id/files/Perpustakaan_Digital_1/ENTREPRENEURSHIP%20Entrepreneurship%20the%20way%20ahead.pdf
• http://repository.stikesrspadgs.ac.id/56/1/Enterpreneurship%20for%20everyone-257hlm.pdf
• https://link.springer.com/journal/11365?gad_source=1&gclid=EAIaIQobChMI2YPX6bTshAMVig0GAB0TCgKFEAMYASAAEgLMovD_BwE
• http://www.diva-portal.org/smash/get/diva2:228358/FULLTEXT01.pdf