The document defines entrepreneurship as creating a business venture with the potential for profit or success. It discusses studying entrepreneurship for reasons like making money, independence, freedom, and helping others. Potential downsides include risk, failure, and pressures from peers and family. Finally, it outlines that succeeding in entrepreneurship requires opportunity discovery, opportunity analysis, and effective decision-making.
Total Output & Sales Per Hour (Q) Total Cost (TC) $/HR Market Price (P) Total Revenue (TR) Total Economic Profit Ave Total Cost (ATC) Ave Variable Cost (AVC)
The document defines entrepreneurship as creating a business venture with the potential for profit or success. It discusses studying entrepreneurship for reasons like making money, independence, freedom, and helping others. Potential downsides include risk, failure, and pressures from peers and family. Finally, it outlines that succeeding in entrepreneurship requires opportunity discovery, opportunity analysis, and effective decision-making.
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Original Title
2-Lecture Slides-What is Entrepreneurship (Slides)
The document defines entrepreneurship as creating a business venture with the potential for profit or success. It discusses studying entrepreneurship for reasons like making money, independence, freedom, and helping others. Potential downsides include risk, failure, and pressures from peers and family. Finally, it outlines that succeeding in entrepreneurship requires opportunity discovery, opportunity analysis, and effective decision-making.
The document defines entrepreneurship as creating a business venture with the potential for profit or success. It discusses studying entrepreneurship for reasons like making money, independence, freedom, and helping others. Potential downsides include risk, failure, and pressures from peers and family. Finally, it outlines that succeeding in entrepreneurship requires opportunity discovery, opportunity analysis, and effective decision-making.
enterprise or business that has the chance of profit or success
Technology Ventures by Dorf & Byers Why study entrepreneurship? Money Independence Freedom Create Help Why not entrepreneurship? Risk Failure Peer Pressure Family Pressure Opportunity Cost What does it take to succeed in entrepreneurship? Opportunity Discovery Opportunity Analysis Effective & Efficient Decision-Making Summary By first understanding our motives and goals for the study of entrepreneurship, we can being to understand Opportunity discovery Opportunity analysis Entrepreneurial decision-making
Total Output & Sales Per Hour (Q) Total Cost (TC) $/HR Market Price (P) Total Revenue (TR) Total Economic Profit Ave Total Cost (ATC) Ave Variable Cost (AVC)