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Entrepreneurial Studies

An entrepreneur is one who organizes, manages and undertakes the risk of starting and running a business or other enterprise. Most entrepreneurs are focused on innovation and the creation of wealth.

Career Fields

Small Business

 

Strategies:

Entrepreneurs must know how to operate every aspect of their business. Typically, this includes the areas of:

  • Day to day business management                                                                                    
  • Marketing-related duties: advertising, selling                                                                      
  • Supply Chain Functions: Distribution of products/services                                           
  • Human resources functions: Hiring/Firing, performance appraisal and training    
  • Financial record keeping/accounting

Be highly motivated and focused on goal achievement

Be able to have a vision for the organization and be prepared to convince others/ in order to secure funding and investors

Locate and utilize resources for small business: funding, training, and management