These slides are not in sequence and are just for help of

student to know those topics that may be are not in book,

rest everything I have discussed and given notes of, so read
from there (I havn’t given slides of those topics on purpose
to encourage hardwork and attentiveness…… attentive
students would find it easy, inshaAllah.
 'Bootstrap'
• Definition of 'Bootstrap'

A situation in which an entrepreneur starts a company with little capital. An

individual is said to be boot strapping when he or she attempts to found and
build a company from personal finances or from the operating revenues of the
new company…………….. (contrary to 3Fs)

• http://www.investopedia.com/terms/b/bootstrap.asp

Urooj Qamar
 The intention
model

Perceived
desirability
Entrepreneurial New business
intention formation
Perceived
feasibility

Krueger (2003)
Urooj Qamar
 The Entrepreneurial Process has 4
distinct phases

1. Identification and evaluation of the

opportunity.
2. Development of the business plan
3. Determination of the required resources
4. Management of the resulting enterprise

Urooj Qamar
Table 1.1 - Aspects of the
Entrepreneurial Process

Urooj Qamar
Gantt/WBS

Urooj Qamar
The Dark Side of Entrepreneurship
• The Entrepreneur’s Confrontation with Risk
– Financial risk versus profit (return) motive varies
in entrepreneurs’ desire for wealth.
– Career risk—loss of employment security
– Family and social risk—competing commitments
of work and family
– Psychic risk—psychological impact of failure on
the well-being of entrepreneurs

Urooj Qamar
 Stress and the Entrepreneur
 Entrepreneurial Stress
 The extent to which entrepreneurs’ work demands and
expectations exceed their abilities to perform as
venture initiators, they are likely to experience stress.
 Causes of Entrepreneurial Stress
 Loneliness
 Immersion in business
 People problems
 Need to achieve
Urooj Qamar
• GENERAL KNOWELDGE TERMS
• TYPE A , TYPE B PERSONALITY
• ELEVATOR PITCH
• CORRIDOR PRINCPLE
• WINDOW OF OPPORTUNITY

• (I have discussed in detail in class, so those who

were attentive would not feel a single confusion)
 Figure
2.2 A Model of Entrepreneurial Motivation

Personal
Characteristics
Personal Environment
Personal goals
Business Environment

Source: Douglas W. Naffziger, Jeffrey S. Hornsby, and Donald F. Kuratko, “A Proposed

Research Model of Entrepreneurial Motivation,” Entrepreneurship Theory and Practice
Urooj Qamar
(spring 1994): 33.
The Entrepreneurship Ecosystem refers to the elements –
individuals, organizations or institutions – outside the
individual entrepreneur that are conducive to, or
inhibitive of, the choice of a person to become an
entrepreneur, or the probabilities of his or her success
following launch. Organizations and individuals
representing these elements are referred to as
entrepreneurship stakeholders.

Urooj Qamar
Urooj Qamar
• E-Myth Defined. The "E-Myth," or
Entrepreneurial Myth, is the flawed
assumption that people who are experts at a
certain technical skill will therefore be
successful running a business that does that
technical work. The term E-Myth was coined
by MichaelE. Gerber.
External environment