entrepreneurs
(noun)
People who organize and operate a business venture and assume much of the associated risk.
Examples of entrepreneurs in the following topics:
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Common Traits of Entrepreneurs
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Defining an Entrepreneur
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Common Backgrounds of Entrepreneurs
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Key Characteristics of Entrepreneurs
- Entrepreneurs must be willing to accept risk and failure.
- Entrepreneurs often possess immense focus and energy.
- Focus: The entrepreneur must be able to maintain the vision of the company with unwavering diligence.
- Ironically, there are many successful entrepreneurs who get bored easily.
- Passion: Entrepreneurs must have a desire to succeed in a business venture under their own initiative.
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The Demographics of Modern Entrepreneurs
- Entrepreneurs are catalysts for economic change.
- There are entrepreneurs in all demographics and walks of life.
- Organizations have even risen to service the ever-younger, emerging entrepreneurs.
- The Young Entrepreneur Council (YEC) is an American nonprofit organization that provides entrepreneurs with access to tools, mentorship, and resources that support each stage of their business's development and growth.
- Identify the demographic trends in modern entrepreneurs, and the factors which influenced them.
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Trends in Business Owners: Age and Gender
- Entrepreneurs are catalysts for economic change.
- There are entrepreneurs in all demographics and walks of life.
- Organizations have even risen to service the ever-younger sector entrepreneurs.
- The Young Entrepreneur Council (YEC) is an American non-profit organization that provides entrepreneurs with access to tools, mentor-ship, and resources that support each stage of their business's development and growth.
- Explain how new technologies are allowing more young people and women to become entrepreneurs
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Introduction
- Is an entrepreneur ultimately born or made?
- We suggest you meet as many entrepreneurs as you can to see if this is how you want to spend your life; then decide if you want to train under these entrepreneurs as an apprentice.
- Ironically, we have encountered many successful entrepreneurs who get bored easily...
- However, it should be noted that a true entrepreneur would never rely on a survey to determine how worthy or ready they are to become an entrepreneur.
- A true entrepreneur would simply begin implementing his or her start up idea.
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The Goals of Entrepreneurs
- Most new entrepreneurs help the local economy.
- Most new entrepreneurs help the local economy.
- Entrepreneurs are their own bosses.
- Entrepreneurs are their own bosses.
- Most new entrepreneurs help the local economy.
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The business eco-system: Your path to finding the pot of gold at the end of the rainbow
- People who start their own businesses are known as entrepreneurs.
- So, if you think that you are unlikely to be an entrepreneur, please realize it is possible for you to become an entrepreneur and to, potentially, even become a very successful one.
- Some of the most common characteristics of an entrepreneur include the following attributes:
- Ironically, we have encountered many successful entrepreneurs who get bored easily...
- Spirituality: We have found that successful entrepreneurs have often devoted time to spirituality development.
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Definition
- Entrepreneurs commonly underestimate the impact of competition.
- Entrepreneurs who do underestimate the impact of competition are failing to consider the fact that potential buyers are currently managing without the entrepreneur's product.
- An entrepreneur opening a new restaurant in proximity to existing restaurants may be offering a heretofore unavailable national cuisine, but the entrepreneur still has many competitors.
- Substitutes often exist for the entrepreneur's product.
- Unfortunately for the entrepreneur, it is often the follow-on firms that are successful.