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Page 1: Entrepreneurship in Business

Entrepreneurs

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www.business.govt.nz

What is an Entrepreneur?

An Entrepreneur…

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

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www.business.govt.nz

Successful entrepreneurs are known for…

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

What is an Entrepreneur?

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Entrepreneur – Origin of the term

ENTREPRENDRE (19TH C. FRENCH WORD):

means ‘somebody who undertakes’.

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

(Oxford Dictionaries definition)

Definition of an Entrepreneur

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Entrepreneurs and Risk

Entrepreneurs are often stereotyped as high-stakes gamblers….

… but successful entrepreneurs only take calculated risks.

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Entrepreneurial Traits

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

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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.

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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)

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Find Out More

Facebook.com/business.govt.nzTwitter.com/business_govtNZLinkedin.com/company/business-govt-nzSlideshare.net/MED-Business business.govt.nz