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What's an Entrepreneur
someone who identifies and acts on an idea or problem that no one else has identified or acted on yet
What venture capital (VC)?
a group of people (or organizations) who give money to invest in entrepreneurial ventures, usually giving larger sums of funds than angel investors.
Name one of the three ways people usually get money for an entrepreneurial venture.
- family and friends
- angel investors
- venture capital
What's a creative mindset?
The perspective you have when you have many ideas and curious about the world.
She was doing something she loved and it turned into a large and successful business.
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What's a social entrepreneur?
an entrepreneur with an interest in solving a social, environmental, or economic problem
What's a value proposition?
The benefits your product or service provides to customers that makes it different.
What kind of venture? A business in where the founders’ primary focus is the lifestyle they will have.
Lifestyle Venture
What are some reasons why entrepreneurship has grown?
- people want control over decision s
- want to do something interesting
- do something in retirement
- more and more people see as a real career
- more education, training
McDonalds, Luckin,
What's First Principle Thinking?
Taking a complex problem and breaking it down to its most basic parts.
A perspective for determining how a problem could be turned into an opportunity to create a new venture/business
Opportunity-identifying perspective
What's a serial entrepreneur?
Someone who starts multiple entrepreneurial ventures.
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What's an Entrepreneurial venture?
The business, organization, or project you start as an entrepreneur
What's an entrepreneurial mindset?
A perspective where you see problems as opportunities.
What kind of entrepreneur is this? Someone who innovates or reinvents their market from a future perspective by asking what the market could evolve into.
Market Maker
What is a creator entrepreneur?
Someone who makes something new or sees a problem that other people have not noticed
What is a career entrepreneur?
Someone who takes on the daily management of the business as the owner.
What's Due Diligence?
Doing all the necessary research and investigation to
make informed decisions that minimize risk.
What do you think is 海底捞‘s value proposition?
offer the absolute best service while providing quality food.
What's a vision statement, and what's your company's vision statement?
It's the picture you have for what you business will become in the future
What's a mission statement?
It's what the venture will do, what value it will provide to the customer, and how it will accomplish this action. It's why you exist.
What are the four stages of the creative process?
Preparation, Incubation, Illumination, Verification