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Introduction to Entrepreneurship

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Game: Can you recognise them?

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Game: Can you recognise them?

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Some Background Info

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Entrepreneur

A person who organizes and operates a business or businesses, taking on greater

than normal financial risks in order to do so.

/ˌäntrəprəˈnər/

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Entrepreneur

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Startup

A startup is a temporary organization used to search for a repeatable and scalable

business model.

/stahrt-uhp/

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The Basic Ingredients

Idea

Team

Funding

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Idea

Find a problem in your daily life

Do others have the same problem?

Be passionate

Look for a good solution

Is there a big enough market for the solution?

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Team

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FundingBootstrapping - Using personal finance or operating revenues of the new company

Crowd-funding - Small amounts of capital from a large number of individuals to finance a new business venture

Seed-funding - Initial capital used to start a business (e.g.: Bootstrap, AI etc)

Angel-investment - Investment is on average around €50,000

Venture-Capital - Larger scale of private investment - Round A is on avg. €1.5 m

IPOs - Initial Public Offering to raise public funding (listed on the stock exchange)

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Startup Stages

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Taking the leap of faith

Listen to your gut

Replace fear of the unknown with a sense of desire for what’s to come

Be supported by likeminded people

Embrace failure

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Q&A