1. The Entrepreneur

2. Definition of Entrepreneur
“The entrepreneur, by definition, shifts resources from areas of low productivity and yield to areas of higher productivity and yield. Of course, there is a risk the entrepreneur may not succeed” (Drucker, ’85)

3. Entrepreneurship Vs Management
Creating something new
New product, new method of production, new markets, new source of raw material
Challenges the ‘norm’
Management
Protects
Stewardship of existing resources

4. Why become an Entrepreneur?
Personal situation
Resources
Entrepreneurial skills
Success stories
Desire for independence
Opportunity to exploit a gap
Frustration

5. Characteristics of an Entrepreneur
Drive
Perseverance
Ambition
Leader
Survivor status
Competitive
Interpersonal skills
Innovative skills
Ability to bounce back
Vision
Motivation
Self-confidence
Self Satisfaction
Extrovert
Results orientated
Committed
Risk taker
Sociable

6. Psychological Characteristics of Entrepreneurs
Need for achievement
Locus of Control
Internal
External
Risk-taking Prosperity
Tolerance for ambiguity
Type A Behaviour
Impatient, time urgency, driving ambition, competitiveness
Need for Independence

7. What is the Role of the Entrepreneur?
Opportunity recognition
Market uncertainties
Dealing with the future
Risk taking
Businesses, financial and personal
Resource gathering
Profits/Reward

8. Profile of Irish Entrepreneur
Self belief
Passion and vision
Risk taking
Persistence
Hard work
Commitment to people

9. Skills & Competencies (Birdthistle)
I can.…Communicate
I can.... Present
I can…. Represent my opinion
I can…. Co-ordinate tasks
I can…. Develop alternative plans
I can…. Hand tasks over to a 3rd party
I can…. Co-operate with others
I can…. Negotiate
I can …. Sell
I can…. Organise and plan
I can…. Handle numbers
I can…. Handle technical devices
My literacy is ….
My interaction with people is ….

10. Motives for Irish Start-ups (Birdthistle)
Desire for independence
Opportunity to exploit a gap in the market
Frustration
Solution Orientation
Money
Safety Orientation
Change in their life
Move, redundant, etc.

11. Reasons for Entrepreneurial Success
Hard work and long hours
Dedication, drive, enthusiasm and belief in the idea
Unsatisfied market demand
Managerial competence
Luck
Strong control systems
Sufficient capital

12. Hurdles in starting up a a business
Lack of the right business idea
Complicated regulatory efforts
Own financial risk
Lack of courage
Lack of right founding partner
Lack of equity
Lack of debt capital
Know-how-deficit

13. Hurdles in starting up a a business
Lack of contact clients/customers
Economic cycle
Business environment
Fear of failure
Support by family and friends
Lack of time
Lack of entrepreneurial skills

14. Some Successful Kerry Entrepreneurs
Jerry Kennelly
Alan Scroope
Edmund Harty
Brian McCarthy
John O’Shea
Mike Fitzgerald
Maurice O’Donoghue
Sean Kelly
John Rice
Alan Berrington

15. Some Successful Irish Entrepreneurs
Gillian Bowler
Larry Goodman
Denis O’Brien
Padraig O’Ceidigh
Michael O’Leary
Moya Doherty
Colum O’Sullivan and Cullen Allen
Freda Hayes

16. Have you the ‘fire in your belly’
Have you the ‘fire in your belly’? – Not indigestion but – a vision; a concept; a belief; in your future?
Have you the guts to take the rough with the smooth? – Sure rough times – but accept it and move on.
If you are entrepreneur – work is fun!!
Have some fun……………….

17. Websites of Interest to Entrepreneurship in Kerry and Ireland.

18. Websites of Interest to Entrepreneurship in Kerry and Ireland .