Mindset of an Entrepreneur
Entrepreneurs often fear losing clients or running out of this essential resource.
What is money?
When new businesses launch, they often create new roles for workers in communities.
What is job creation?
This type of innovation improves existing products or services.
What is sustaining innovation?
Owen’s business idea and name
What is custom bikes; ReBicycle?
In ENTR 3000, students can “cheat” with this tool but only if they do it right.
What is ChatGPT?
Fear of failure is a state, not a __.
What is trait?
Entrepreneurs accept possible failure when trying new ideas to create value
What is risk-taking?
This type of innovation enters markets ignored by existing competitors.
What is new-market disruption?
Name of the successful entrepreneur that was Owen’s mentor
Who is Sam?
These assessments, which ask students to reflect on their entrepreneurial journey, belong to this portfolio.
What is Portfolio C?
Fear linked to finances often increases this
What is effort?
Businesses that focus on solving problems such as poverty and inequality create this type of value.
What is social value?
Cheap, simple products that beat expensive ones using this strategy.
What is low-end disruption
Entrepreneurship is a ___ not a ___
What is a Skill, not a Gamble?
This course’s grading system allows students to choose from Portfolio A, B, and C, to determine their final grade.
What is self controlled grading system?
Fear can undermine this key planning activity.
Introducing new solutions encourages other companies to improve, raising overall standards.
What is market improvement?
This forms when companies create new markets where different customers and profit models emerge.
What are value networks?
The reason why Owen’s business sales began to fall flat
He created products nobody wanted and wasn’t solving a problem
The professor holds a double degree in these two academic areas?
What are business and psychology?
Mentors help entrepreneurs by offering what type of support?
What is social support?
Entrepreneurship contributes to positive outcomes beyond profit, supporting economic and social progress.
What is long-term value creation?
Customers who are served with more advanced/expensive product.
Who are over served customers?
Three main things customers were seeking when it came to purchasing bicycles
What is convenience, reliability, and affordability?
On the first day of class we were asked to answer four things.
What is your name, your major, your motivation for this class, and one fact about yourself.