Intro to Entrep

Entrepreneurship

The capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit.

Characteristics of an Entrepreneur

Motivation, Creativity and Persuasiveness, Versatility, Superb business skills, Risk Tolerance, Drive, Vision, Flexibility and Open-mind, and decisiveness.

Importance of Entrepreneurs

Entrepreneurs create new businesses, add to national income, and also create social change.

Community Development

Entrepreneurs regularly nurture entrepreneurial ventures by other like-minded individuals. They also invest in community projects and provide financial support to local charities, enabling further development beyond their own ventures.

Creative Industry

Refers to the socio-economic potential of activities that trade with creativity, knowledge, and information. It comprises various sectors such as advertising, architecture, art, crafts, design, fashion, film, music, performing arts, publishing, software, toys and games, TV and radio, and video.

Cultural Industry

The creation, production, and distribution of goods and services that are cultural in nature and usually protected by intellectual property rights. It includes textual, music, television, and film production and publishing, as well as crafts and design.

Artisanal Product

Produced by artisans, either completely by hand or with the help of hand tools or mechanical means, as long as the direct manual contribution of the artisan remains the most substantial component of the finished product. These products are produced without restriction in terms of quantity and using raw materials from sustainable resources, making them distinctive.

Core Values of Human Economic Development

Life Sustenance, Self-Esteem, Freedom From Servitude.

Life Sustenance

The ability of the economy to provide basic needs, such as food, shelter, health, and protection, to as many people as possible.

Self-Esteem

The extent to which one can become a person, encompassing self-worth, self-respect, authenticity, and identity, varying across societies and cultures.