What is Entrepreneurship anyway? interested to find out?

1. ntrepreneurship
What it is and
what it is
Not
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il
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2. 1.
What is Entrepreneurship anyway?
Simply put, it is the integration of opportunity-seeking
actions and advantage-seeking actions to design and implement
new products / services / business models that create value
(paraphrasing Hitt et. al, 2002).
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il
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3. 2.
Stupid myths about Entrepreneurship
Entrepreneurs are free people, they don’t need to worry and
don’t have a boss that is looking over their shoulders.
Entrepreneurs only care about going public and are looking
for an easy way to make lots of money.
Money is the main reason to be an entrepreneur.
Entrepreneurs are gamblers.
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il
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4. 3.
Entrepreneurs
Mix and match a wide variety of elements together and
hopefully get something in the end of the process…
Resources
Opportunity
skills
Ideas
Focus
Independence
Strategy
People
Market analysis
knowledge
Funds
Independent thinking
Balance
Motivations
Risk
Capabilities
Responsibility
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il
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5. 4.
Why is entrepreneurship important?
Entrepreneurial activity is the driving force of the US
and World economy (Thomas Friedman, 2005).
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il
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6. 5.
Bankruptcy
Closure
Entrepreneurship has many phases.
Strategizing
Building a Culture
Growth management
Marketing
Staffing
Fund raising
Failure
CF management
Maturity
The Business Plan
Creating reporting Systems
Building a team
Exit (sale, merger, IPO)
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il
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7. Find more presentations and information on
my website: www.friedman.org.il
Copyright 2014 @ Yair Friedman. All Rights Reserved
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