Topic 17 · business
Introduction to Entrepreneurship
An entrepreneur finds a need people have and creates a way to meet it, taking on risk for the sake of the result.
Who an entrepreneur is
An entrepreneur organizes resources, creates a product or service and takes on risk for profit. Unlike an employee, they answer for the result.
The business idea
An idea is born from a problem or a need: what is inconvenient, expensive or unavailable for people. A good idea solves a real customer pain.
Risk and responsibility
An entrepreneur risks time and money — there are no guarantees. But it is the readiness for sensible risk and persistence that move the venture forward.
🎯 Now possible
- explain who an entrepreneur is
- find a business idea from a need
- understand the role of risk
Cheat sheet
Entrepreneur = resources + product + risk
An idea solves a real customer problem
No customer pain — no business
Sensible risk plus persistence