Unit 3: The Entrepreneurial Process

Unit 3 Introduction

Transcript

Now that we have a sense of what entrepreneurship is and what it means to us individually, as well as who entrepreneurs are and what makes them successful, it’s time to dig into the entrepreneurial process. Now remember entrepreneurial ventures do not have to be for-profit businesses to be entrepreneurial, rather they can be not-for-profit social change movements, charitable organizations, government initiatives, Improvement Concepts, or your classic start a small business. Regardless of the manifestation, the process that we need to go through to go from an entrepreneurial idea and opportunity to making something actually happen is the same. We need to be able to identify exciting opportunities evaluate and analyze them in a meaningful way, Gather resources and engage others, as well as develop a planning document that will get everyone on the same page and ready to hit the ground running. In this unit, we are going to apply this process and run through a simulation before you do this on your own in unit 4.

By the end of this unit, you will complete the following: