THE ENTREPRENEURIAL MIND

Introduction to
Entrepreneurship
Contents 01 Innopreneurship

Components of
02 Entrepreneur

03 Why be an Entrepreneur

04 KFS
Because of the capacity for challenging status quo
or for changing rules of business, entrepreneurs
are often described as innovators, or creative
minds that can make things happen.
While some entrepreneurs are also innovators,
this is not always the case, it is important to make
this distinction as making things happen is not the
same as making new things happen.

INNOPRENEURSHIP
 Who is an
Entrepreneur
?
An Entrepreneur is an owner
of business who invests
his/her resources to bring an
idea to life, setting the
direction that transforms that
idea into reality.
Five components
of an
Entrepreneur
 Owner who Brings Setting Making Adding
invests an idea direction things value
resources to life happen

Entails risk The idea may or Entails getting Entails the need Entails financial
may not be quality to ensure all the understanding that
taking, hence, a the reward of
coming from the information and interdependent
person can be an entrepreneurship
entrepreneur, but making choices elements are in
entrepreneur if needs to be much
turning an idea from these pieces harmony to higher than putting
he or she has of information,
reasonable risk into revenue attain defined cash in high-
maximization mindful of goals. yielding financial
appetite, not just heuristics as well investment, such
any risk but entails defining
as biases in as preferred shares
calculated risk the best options. with guaranteed
decision-making.
taking. dividend.
Why be an
Entrepreneur?
There are many reasons to be an entrepreneur.
Some enjoy the personal freedom or control of
being the owner-boss, others expect financial
independence much larger than being an
employee. And while others want personal growth
from the boredom they have been doing in the
past.
The challenges of an entrepreneur attract those
whose idea may have been rejected by former
employers, while others want to leave a legacy
within their control.
 is the organization of different people or
groups coming from various functions to
attain efficiency, effectiveness and/or
Coordination
impact.  is a strong drive to achieve goals and
Commitment objectives through focus and pro-
active follow-through.
 is having a combination of
ability attitude and Competency
behavior to do particular
role or job repetitively
well.

Key Factors to Successful Entrepreneurship