Professional Documents
Culture Documents
Entrepreneurship
• The boss
• The business owner
• The risk taker
• One who starts a small business
• The resourceful guy?
No single definition
French word origin
Entependre
(an undertaker)
For this Course:
*From the lecture given by Larry Farrel at SBMA, August 7, 2002 and at
UAP, October 30, 2009.
Walt Disney and entrepreneurship
Simply amazing!
Magical
Entrepreneurship Involves:
New:
• Business ideas
• Products
• Processes
Entrepreneurship
• A MINDSET
• About a forever innovating mindset
THE THREE MASTERIES FOR AN
ENTREPRENEUR:
• Mastery of Self
• Mastery of Opportunity
• Mastery of the Enterprise
Entrepreneurial
Leadership
Enterprise
Mastery of Mastery
Self of Organization
Corporate
Corporate
Leadership
Aspects of
Self-Mastery
Traits of an Is it better to drop out?
Entrepreneur - D’s Is it better to get F as a
and F’s grade?
D’s
• Dream
• Determined
• Details
• Decision
• Distribute
• Destiny
• Devotion
• Dedication
F’s
• Founder
• Faith
• Focused
• Frugal
• Fast
• Fun
• Flexible
• Flat
• Forever Improving
Anatomy of the Entrepreneur
The Entrepreneurial
Mind Frame
The Entrepreneurial
Heart Flame
The Entrepreneurial
Gut Game
Anatomy of the Entrepreneur
WISDOM
What lies behind us, what
lies before us, is nothing HEART
compared to what lies
within us.
GUTS
HANDS
Self Analysis
• Gifted minds
• Steely Guts
• Ability to intuit
• Courage
• Patriotic Hearts
• Hands that truly care
1. Social Entrepreneurship
2. Business Entrepreneurship
3. Techno Entrepreneurship
Social Entrepreneurship
Social Profit
NGO NGO Enterprise Business Maximization
(non-profit) (for-profit) Enterprise Business (PMB)
Business
Social CSR Enterprise
Business
• “Any creative and innovative solution applied to solve social problems” (Mohammad Yunus, 2007)
• It involves social mission
• Profit and/or entrepreneurial processes
Banker to the Poor
Social Entrepreneurship
• “Search for approaches to move poor people out of poverty beyond welfare-
based safety nets.”
• No more charities
• Sustainability
• Profits for non profits
Social Entrepreneurship
• CSR – corporate social responsibility
• CSV – corporate shared value
• Human Nature
Social Entrepreneurship
• The triple bottom line
• PEOPLE
• PROFIT
• PLANET
• BOP – Bottom of the Pyramid
BOP – Bottom of Pyramid
A-B 9%
Above poverty
C 20% threshold
• He found out that all that was needed by the poor was a loan of 27 chakas. That’s
how the Grameen Bank started.
Why are they Entrepreneurs?
They had little or no resources at all but they survived and achieved
It’s about the study of systems, structure, and staffing to make a large corporation stay
Growth Decline
Start Survival /
Failure
Entrepreneurial Managerial
Business Entrepreneurship
Entrepreneur (Self)
IDEA REALITY
TIME
Resources Opportunity
Growth
InspiratION (idea)
AmbitION
PerspiratION (past jobs)
+ = Idea FruitION
PassION
RecreatION (hobbies)
Enterprise
CreatION
Sea of Opportunity
Is Entrepreneurship Easy?
• We choose to go to the moon in this decade and do all the other things to get
there, not because they are easy but because they are hard, because that goal will
serve to measure the best of our energies and skills, because that challenge is one
we are willing to accept and we are unwilling to postpone, and which we intend
to win and others too.
-- JFK, 1962
So you Want to be a Billionaire
__________________________________
THE NEXT MILLIONAIRE / WINNER