The activity of setting up a business and taking on financial risk for profit
Entrepreneurship
The process of starting and developing a company to deliver something new to the market
Entrepreneurship
The process of creating a new enterprise and baring any of its risks with the view of making the profit
Entrepreneurship
The established set of attitudes
Mindset
Assumption that their talents and abilities are set traits.
Fixed mindset
Assumption that abilities can be developed through hard work and dedication
Growth mindset
A temporary organization in search of a scalable business model
Startup
The person who discovered patterns in thinking and made a theory about it
Saras Sarasvathy
The theory Sarasvathy created
Effectuation
Sarasvathy’s theory source. This is what Sarasvathy study to create the theory
Serial entrepreneurs
A representation of a body of skills that when developed through practice over time, constitute a toolkit for entrepreneurial action
Entrepreneurial method
Process of creating a new product, venture, process, or renewal within the organization. typically carried out by employees
Corporate entrepreneurship
Think and act entrepreneurially within organizations. Similar to corporate entrepreneurs but include governing agencies, nonprofits entities and cooperatives
Insider entrepreneurs
Parent owner licenses his trademarks and uses methods of doing business to a franchisee
Franchisees
A type of license purchased by a francisee
Franchise
A share of the proceeds of a business from one party to another
Royalties
Entrepreneur is buying out the existing owner and taking over operation
Buying small businesses
The process of sourcing innovative solutions to social and environmental issues
Social Entrepreneurship
An organization that ensure strict standards of social and environmental performance, accountability, and transparacy
B-corp or Benefit corporation
A global research study founded by Babson college and the London Business School
Global Entrepreneurship Monitor
State the different phases of entrepreneurs
Potential Entrepreneurs
Nascent Entrepreneurs
New Business Owners
Established Business Owners
Necessity-based Entrepreneurs
Opportunity-based Entrepreneurs
Individuals who believe they have the capacity to start a business
Potential Entrepreneurs
Individuals who have set up a business but is less than three months old
Nascent entrepreneurs
Former nascent entrepreneurs and have been actively involved in a business for over three and a half years.
New business owners
