MIE 310 Lecture Notes - Lecture 3: Entrepreneurship Education, Tangled, Computer Mouse

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Entrepreneurship is more than just new venture creation. Entrepreneur is derived from the french entreprendre, meaning to undertake . The entrepreneur is one who undertakes to organize, manage, and assume the risks of a new opportunity. ~12% of the adult population is involved in starting a venture. Entrepreneurs create 500,000+ new businesses each month. Small firms provide about 50% of private-sector jobs. Reasons for the exceptional entrepreneurial activity in the u. s. include: A culture that supports risk taking and seeking opportunities. Alertness to economic opportunity and a low fear of failure. A high percentage of people with professional, technological or business degrees who could become entrepreneurs. An integrative model of entrepreneurial inputs and outcomes. Procrastination is a vice for productivityuseful for creativity! Lots of bad ideas might lead to a few good ones . Consider sitting in a different seat everyday in your classes . Use a computer mouse with your other hand.

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