The Entrepreneurial Process
What is a business plan?
A roadmap of the business’s goals and objectives, and the strategy and details of how those goals and objectives will be achieved.
Define a buyer entrepreneur
type of entrepreneur buys existing businesses and tries to grow them further
what is innovation in relation to entrepreneurship
The introduction of something new; a new idea, product, method, device, or service.
famous intrapreneurs
Steven Sasson or Spencer silver
What is the primary goal of your pitch deck?
Grab the attention and gain interest from your audience as quickly as possible.
what is a entrepreneurial discovery?
The process of systematically scanning for technological, political, regulatory, social, and demographic changes to discover opportunities to produce new goods and services.
Define Hustler Entrepreneurship
This type of entrepreneur uses hard work and bootstrapping to start build a business.
what is Financial Risk in relation to entrepreneurship
This risk that financial stakeholders will lose money.
What are the differences between entrepreneurs or intrapreneurs?
Entrepreneurs are basically accountable for everything, whereas intrapreneurs have a more defined role within a company.
What are the 2 types of pitch decks
One that is used while 1) presenting live to others, and the other that is used to 2) send via email, so that people can view it without the live presentation.
What is harvesting in the context of entrepreneurship
The 5th stage of the entrepreneurial process, where you evaluate if the company is a success or failure, and/or if it needs more time to prove itself.
This type of entrepreneur spends more time researching an idea before pursuing the venture, focusing more on data and facts, versus intuition.
What is a small business ?
According to the United States Small Business Administration, generally companies with fewer than 500 employees are considered “small” businesses.
what is a intrapreneur?
Someone who exhibits the traits and/or skills of an entrepreneur as an employee within a company, without taking as much risk (and therefore often receiving not as much reward) as an entrepreneur.
What kind of steps does a pitch deck follow
similar sequence
What is resourcing?
Gathering together the necessary elements needed to start a business, also called the 3rd stage of the entrepreneurial process.
Define Scalable Startup Entrepreneurship
This type of entrepreneur intends to be innovative and even disruptive, and to build a profitable business that can grow quickly.
what is vision in relation too?
An aspirational view of the future, that if the company is successful in accomplishing its mission, the company and/or world might look a certain way.
Fill in the blank
An intrapreneur doesn’t take on the same level of __________ as an entrepreneur.
Risk
list 6 essential components of a pitch deck
Your mission or vision.
The problem you're solving.
The market size of the opportunity.
Your product AND what makes it unique.
Traction and revenue.
Evidence that your team can execute.
explain the entrepreneurs process?
The entrepreneurial process is the sequence of steps an individual takes to identify and evaluate an opportunity, gather the necessary resources, develop a business plan, launch the venture, and manage and grow it into a sustainable enterprise
Define Imitator Entrepreneurship
This is a cross between and innovator and a hustler, trying to improve on existing products in the marketplace.
what is vocation?
A feeling of suitability for a particular career or occupation.
Are there more intrapreneur or entrepreneur?
Post-it notes
whats the 10/20/30 rule
Your presentation should consist of no more than 10 slides. Your presentation should last no longer than 20 minutes. The text on each slide should be no lower than 30 points in size