Entrepreneurship
Entrepreneur?
-
A person that spots opportunities in market Types of entrepreneurs
-
collects resources to take advantage of opportunity
Techno- entrepreneur
grow business by creating customer loyalty =
- make profit primary aim to generate profit as Social-entrepeneur
compensation risks for taken
-
Tourism entrepreneur
-
Enviro-entrepeneur
·
Opportunity
New types of entrepreneurs
⑧
Growth Someone who utilises
O
Resources opportunities to make
Government
⑧
Risk money -
Emerging entrepreneur public sector The
-
preferential
Y
procurement act
⑧
Profit / reward -
Informal entrepreneur Informal sector
-
Push and pull factors
-
Youth entrepreneur Private-public partnership
-
-
PPP’s
Push Pull Path to entrepreneurship
>
-
Unemployment -
Independence -
Starting a business
-
Job security -
Recognition -
Buying an already established business
-
No formal training -
Self-actualisation -
Franchise
-
Disagreement with Personal employment & Family business
-
-
current employer wealth
Aspects considered when buy
Pull Factors that make someone
Move to get better opportunities already established businesses
Push Factors that make someone
want to leave
1.
2.
Reason for sale of business
The industry/market business operates in
3. Profitability of business
Characteristics of entrepreneurs 4.
5.
Customer Base of the business
Contracts the business has already entered -
Determination Opportunity seeking juristic person I separate from owner
6. Businesses form of ownership
Self-reliance Creativity/innovation 7. Financial position
8. SARS (South African revenue service
Flexibility High risk tolerance 9. Rental agreements (location)
Motivation The entrepreneurial process
Entrepreneurial venture 1. Identify an opportunity
2. Assessing resources required
&
Growth potential 3. Developing the business plan
⑧
Innovation 4. Managing the entrepreneurial venture (P(OC)
&
Sound objectives (short term)
Feasibility
Entering new markets
-
Developing existing markets by Idea workable and practically implemented
Viability
growing current market share
Idea has potential to generate sustainable
profit
Entrepreneur?
-
A person that spots opportunities in market Types of entrepreneurs
-
collects resources to take advantage of opportunity
Techno- entrepreneur
grow business by creating customer loyalty =
- make profit primary aim to generate profit as Social-entrepeneur
compensation risks for taken
-
Tourism entrepreneur
-
Enviro-entrepeneur
·
Opportunity
New types of entrepreneurs
⑧
Growth Someone who utilises
O
Resources opportunities to make
Government
⑧
Risk money -
Emerging entrepreneur public sector The
-
preferential
Y
procurement act
⑧
Profit / reward -
Informal entrepreneur Informal sector
-
Push and pull factors
-
Youth entrepreneur Private-public partnership
-
-
PPP’s
Push Pull Path to entrepreneurship
>
-
Unemployment -
Independence -
Starting a business
-
Job security -
Recognition -
Buying an already established business
-
No formal training -
Self-actualisation -
Franchise
-
Disagreement with Personal employment & Family business
-
-
current employer wealth
Aspects considered when buy
Pull Factors that make someone
Move to get better opportunities already established businesses
Push Factors that make someone
want to leave
1.
2.
Reason for sale of business
The industry/market business operates in
3. Profitability of business
Characteristics of entrepreneurs 4.
5.
Customer Base of the business
Contracts the business has already entered -
Determination Opportunity seeking juristic person I separate from owner
6. Businesses form of ownership
Self-reliance Creativity/innovation 7. Financial position
8. SARS (South African revenue service
Flexibility High risk tolerance 9. Rental agreements (location)
Motivation The entrepreneurial process
Entrepreneurial venture 1. Identify an opportunity
2. Assessing resources required
&
Growth potential 3. Developing the business plan
⑧
Innovation 4. Managing the entrepreneurial venture (P(OC)
&
Sound objectives (short term)
Feasibility
Entering new markets
-
Developing existing markets by Idea workable and practically implemented
Viability
growing current market share
Idea has potential to generate sustainable
profit
