Professional Documents
Culture Documents
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Section 1: The Challenge of Entrepreneurship
The Foundations
of Entrepreneurship
Creativity:
Something new and somehow valuable is formed.
The created item may be intangible such as an
idea, a scientific theory, ….
المرونة
االستباقية
متصلب الرأي
Uncertainty of income
Risk of losing your entire investment
Long hours and hard work
Lower quality of life until the business gets
established
High levels of stress
Complete responsibility
Discouragement
Young entrepreneurs
Women entrepreneurs
Minority-owned enterprises
Young entrepreneurs
Women entrepreneurs
Minority-owned enterprises
Immigrant entrepreneurs
Part-time entrepreneurs
Home-based businesses
Family businesses
Copreneurs
entrepreneurial couples who work together as co-
owners of their businesses.
Corporate castoffs
Corporate dropouts
Retiring baby boomers
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Corporate castoffs:
Those individuals who are unemployed and are
highly educated and skilled, and had corporate
executive jobs.
Corporate dropouts:
Executives who leave the corporate to pursue their
own dreams and aspirations by starting their
own businesses.