Entrepreneur 1
_______was rejected 1,009 times before his recipe was accepted by a restaurant willing to franchise.
Who is Colonel Sanders?
One of the most fascinating facts about _______ is that he dropped out of Harvard University to found _________.
What is Gates, Microsoft?
His passion lay in cartoon illustrations and this led to his first job in commercial illustration.
Who is Walt Disney?
There are ______ million entrepreneurs in the world in 2018.
582
____ of small businesses fail within the first year.
What is 22.5%?
These 7 traits describe a ...
Tenacity Vision
Passion Self- Belief
Tolerance of Ambiguity Flexibility
Rule Breaking
Successful entrepreneur
Money a person earns from their business is called
Income
Trade associations/professional organizations that provide information, Name 3
What is:
The Entrepreneurs Organization (EO)
American Marketing Association (AMA)
Professional Beauty Association
The American Culinary Federation, Inc (ACF)
International Fitness Professionals Association (IFPA)
The Founder of a cosmetics company would be considered a ______
Entrepreneur
Professional services that provide assistance?
What is:
Attorneys
Accountants
Insurance agents
What does MBDC stand for?
What does SBI stand for?
•What is Small Business Institute (SBI)?
What does SCORE stand for?
•What is Service Corps of Retired Executives (SCORE)
What does SBA stand for?
• What is Small Business Administration (SBA)
Government sources for entrepreneurs
What are:
•Small Business Administration (SBA)
•Service Corps of Retired Executives (SCORE)
•Small Business Institute (SBI)
•Department of Development (DOD)
Example of the introduction of a new product or improved product:
What is the MP3 player? or any product that fits this example
An example of the introduction of a new method of production.
What is Henry Ford's invention of the assembly line?
An example of a new Market
What is McDonald's moving into China for the first time.
An example of the conquest of a new source of supply or raw materials or components
What is moving a shoe manufacturer from the U.S. to Mexico to access cheaper labor
or Finding a new source of oil previously not discovered
Analogies
Pattern Recognition
Experiments
Simulation of Prototypes
Reverse Engineering
What are techniques that entrepreneurs can use to recognize opportunities?
The process of systematically scanning for technological, political, and regulatory, social, and demographic changes to discover opportunities to produce new goods and services.
What is Entrepreneurial Discovery?
What are political change, Demographic change, social change, technological change?
Occurs when a physical or technological observation is made
What is Scientific Discovery?
Occurs when an observation is made based on specific knowledge of time, place, or circumstance
What is Circumstantial discovery?
The introduction of a new good or new quality of a good
The introduction of a new method of production
The opening of a new market
The conquest of a new source of supply of raw materials or components
The reorganization of any industry
What are areas of entrepreneurial discovery?