Entrepreneurship

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Entrepreneurship by Mind Map: Entrepreneurship

1. Entrepreneur

1.1. One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth

1.2. Characteristics

1.2.1. Desire for responsibility

1.2.2. Risk eliminator

1.2.3. Self-reliance

1.2.4. Future orientation

1.2.5. Confidence in their ability to succeed

1.2.6. Organized

1.2.7. Value achieve over money

1.3. Exhibit

1.3.1. Commitment

1.3.2. Creativity

1.3.3. Flexibility

1.3.4. Tenacity

1.3.5. Hard working

2. GEM study

2.1. Most people see entrepreneurial activity as a good career choice

2.2. Entrepreneurs are most likely to launch businesses when they are between 35 & 44

2.3. Men are twice as likely to start a business as women

3. Benefits

3.1. Create your own destiny

3.2. Make a difference

3.3. Reach your full potential

3.4. Reap impressive profits

4. Drawbacks

4.1. Uncertainty of income

4.2. Risk of losing your investment

4.3. High level of stress

4.4. Long hours and hard work

4.5. Complete responsibility

5. The power

5.1. Innovation

5.2. Job creation

5.3. More patents per employees than large companies

6. Diversity

6.1. Young Entrepreneurs

6.2. Women Entrepreneurs

6.3. Part-time Entrepreneurs

6.4. Homme-based businesses