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ntrepreneurship
What it is and
what it is

Not
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il

1
1.

What is Entrepreneurship anyway?
Simply put, it is the integration of opportunity-seeking
actions and advantage-seeking actions to design and implement
new products / services / business models that create value
(paraphrasing Hitt et. al, 2002).

Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il

2
2.

Stupid myths about Entrepreneurship
Entrepreneurs are free people, they don’t need to worry and
don’t have a boss that is looking over their shoulders.
Entrepreneurs only care about going public and are looking
for an easy way to make lots of money.
Money is the main reason to be an entrepreneur.
Entrepreneurs are gamblers.
Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il

3
3.

Entrepreneurs
Mix and match a wide variety of elements together and
hopefully get something in the end of the process…

Resources
Opportunity

skills
Ideas

Focus

Independence
Strategy

People

Market analysis

knowledge
Funds
Independent thinking

Balance
Motivations

Risk
Capabilities

Responsibility

Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il

4
4.

Why is entrepreneurship important?
Entrepreneurial activity is the driving force of the US
and World economy (Thomas Friedman, 2005).

Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il

5
5.
Bankruptcy

Closure

Entrepreneurship has many phases.
Strategizing
Building a Culture

Growth management

Marketing
Staffing

Fund raising

Failure

CF management
Maturity
The Business Plan

Creating reporting Systems
Building a team

Exit (sale, merger, IPO)

Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il

6
Find more presentations and information on
my website: www.friedman.org.il

Copyright 2014 @ Yair Friedman. All Rights Reserved

7

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Entrepreneurship - What it is and what it is NOT

  • 1. ntrepreneurship What it is and what it is Not Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il 1
  • 2. 1. What is Entrepreneurship anyway? Simply put, it is the integration of opportunity-seeking actions and advantage-seeking actions to design and implement new products / services / business models that create value (paraphrasing Hitt et. al, 2002). Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il 2
  • 3. 2. Stupid myths about Entrepreneurship Entrepreneurs are free people, they don’t need to worry and don’t have a boss that is looking over their shoulders. Entrepreneurs only care about going public and are looking for an easy way to make lots of money. Money is the main reason to be an entrepreneur. Entrepreneurs are gamblers. Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il 3
  • 4. 3. Entrepreneurs Mix and match a wide variety of elements together and hopefully get something in the end of the process… Resources Opportunity skills Ideas Focus Independence Strategy People Market analysis knowledge Funds Independent thinking Balance Motivations Risk Capabilities Responsibility Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il 4
  • 5. 4. Why is entrepreneurship important? Entrepreneurial activity is the driving force of the US and World economy (Thomas Friedman, 2005). Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il 5
  • 6. 5. Bankruptcy Closure Entrepreneurship has many phases. Strategizing Building a Culture Growth management Marketing Staffing Fund raising Failure CF management Maturity The Business Plan Creating reporting Systems Building a team Exit (sale, merger, IPO) Cell: +972-54-4536568 | Fax: +972-9-7417607 | Email: yair@friedman.org.il 6
  • 7. Find more presentations and information on my website: www.friedman.org.il Copyright 2014 @ Yair Friedman. All Rights Reserved 7