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Published byEmery Cummings Modified over 8 years ago
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Advanced Marketing ENTREPRENEURSHIP
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WHAT IS ENTREPRENEURSHIP Development of a business from the ground up Capacity or willingness to develop, organize, and manage a business venture Takes on all risks associated with the start-up Objective to make a profit
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PERSONAL BENEFITS OF ENTREPRENEURSHIP Control - choosing the work you want to do based on your strengths and abilities Excitement- new opportunities and challenges Flexibility- schedule your own work hours Freedom- freedom to work where, when, and how you want Rational Salary- income directly related to your efforts and success of your business
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DISADVANTAGES OF ENTREPRENEURSHIP Administration Work Schedule Competition Loneliness Risk
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CHARACTERISTICS OF AN ENTREPRENEUR Passion and Motivation Risk-Taking Self Belief, Hard-working, Disciplined Adaptability and Flexibility Understanding Your Offering Money Management Planning Networking Abilities Know When to Cut Losses Willing to Ask Hard Questions and Face Truth About Yourself
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