The Entrepreneurial Process

• Economie

Section 1.2: The entrepreneurial Process

Pages  18-24

Objective

Identify entrepreneurship from a historical perspective.

Analyze the five components of a entrepreneurial start up process.

Discuss how to achieve business success.

What are some of the resources you need to start a business?

Facts

In the early years of the U.S. economy, small businesses were the norm, and early entrepreneurs supplied basic needs. The Industrial .Revolution brought about the growth of large companies in steel, railroads, and manufacturing.

Which year brought about less job security and fewer benefits

1. 1960
2. 1970
3. 1980
4. 1990

In which year the internet made it possible to do business anywhere in the world?

In your opinion which was the biggest change in entrepreneurship over the year?

Facts

The entrepreneurial start-up process includes five key components. They are the entrepreneur, the environment, the opportunity, start-up resources, and the new venture organization

Give the 5 components of an entrepreneurial process

Give description about the environment.

There is a common myth that most new businesses fail. In fact,

studies show that more businesses succeed than fail.

A business failure is a business that has stopped operating with

a loss to creditors.A discontinuance is a business that was purposely discontinued by an owner who wanted to start a new one ; the business may also be operating under a new name.

How do you think entrepreneur's can succeed?

1. Recognize trend
2. Recognize trends ,Test opportunity, Assembling a team
3. Capital
4. Other resources

How do you think does business men succeed?

Give the important points of the lesson.