Entrepreneurs

What is an Entrepreneur?

An Entrepreneur…

… takes on the risk of starting their own enterprise or investing in other start-ups.

Successful entrepreneurs are known for…

… Finding innovation and market gaps for new products and services.

Entrepreneur – Origin of the term

ENTREPRENDRE (19TH C. FRENCH WORD):

means ‘somebody who undertakes’.

Definition of an Entrepreneur

An entrepreneur is someone “who sets up a business or businesses, taking on financial risks in the hope of profit”.

(Oxford Dictionaries definition)

Entrepreneurs and Risk

Entrepreneurs are often stereotyped as high-stakes gamblers….

… but successful entrepreneurs only take calculated risks.

Entrepreneurial Traits

• Persistence• Self-esteem• Discipline• Resourcefulness• Being streetwise• Passion

Entrepreneurs and Angel Investors

‘Entrepreneurs’ chiefly describes people starting their own business.

Angel investors only invest their capital in other people’s start-up businesses.

Well-known Entrepreneurs include…

NEW ZEALAND •Sam Morgan (TradeMe), AJ Hackett (bungee jumping), Karen Walker (fashion designer)

INTERNATIONAL •Richard Branson (Virgin empire), Steve Jobs (Apple and Pixar), Thomas Edison (General Electric)

Business.govt.nz provides free access to a wide range of resources, including tools and interactive content. It acts as a gateway to government and private sector business information, news and services.Next steps:•Before buying a business•Assess the health of your marketing•Cash flow forecasting•How much money do you need to start a business?•Quick start business plan tool•Determining if you are in business

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