Looking to become an Entrepreneur ?? Are you building a brand name ? Are you looking to setup your career as a successful entrepreneur ??Well if the answer to any of the questions above is YES !! Then do check out the various entrepreneurship courses I listed below.
Introduction About Entrepreneurship:
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business, and the people who create these businesses are called entrepreneurs.Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit”. While definitions of entrepreneurship typically focus on the launching and running of businesses due to the high risks involved in launching a start-up, a significant proportion of businesses have to close due to “lack of funding, bad business decisions, an economic crisis, lack of market demand or a combination of all of these.Entrepreneurs act as managers and oversee the launch and growth of an enterprise. Entrepreneurship is the process by which either an individual or a team identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation. The exploitation of entrepreneurial opportunities may include
The economist Joseph Schumpeter (1883–1950) saw the role of the entrepreneur in the economy as “creative destruction” launching innovations that simultaneously destroy old industries while ushering in new industries and approaches. For Schumpeter, the changes and “dynamic disequilibrium brought on by the innovating entrepreneur the norm of a healthy economy”.While entrepreneurship is often associated with new, small, for-profit start-ups, entrepreneurial behavior can be seen in small-, medium- and large-sized firms, new and established firms and in for-profit and not for profit organizations, including voluntary-sector groups, charitable organizations and government.
In the 2000s, the definition of “entrepreneurship” expanded to explain how and why some individuals identify opportunities, evaluate them as viable and then decide to exploit them, whereas others do not and in turn how entrepreneurs use these opportunities to develop new products or services, launch new firms or even new industries and create wealth. The entrepreneurial process is fundamentally uncertain because opportunities cannot be discovered or identified prior to their actualization into profits. What appears as a real opportunity ex-ante might actually be a non-opportunity or one that cannot be actualized by entrepreneurs lacking the necessary business skills, financial or social capital.Entrepreneurs tend to be good at perceiving new business opportunities and they often exhibit positive biases in their perception and a tendency towards risk-taking that makes them more likely to exploit the opportunity. An entrepreneur may be in control of a commercial undertaking, directing the factors of production – the human, financial and material resources – that are required to exploit a business opportunity.
The word first appeared in the French dictionary entitled Dictionnaire Universel de Commerce compiled by Jacques des Bruslons and published in 1723. Especially in Britain, the term “adventurer” was often used to denote the same meaning. The study of entrepreneurship reaches back to the work in the late 17th and early 18th centuries of Irish-French economist Richard Cantillon, which was foundational to classical economics. Cantillon defined the term first in his Essai sur la Nature du Commerce en Général, or Essay on the Nature of Trade in General, a book William Stanley Jevons considered the “cradle of political economy”.Cantillon defined the term as a person who pays a certain price for a product and resells it at an uncertain price, “making decisions about obtaining and using the resources while consequently admitting the risk of enterprise”. Cantillon considered the entrepreneur to be a risk taker who deliberately allocates resources to exploit opportunities in order to maximize the financial return.Cantillon emphasized the willingness of the entrepreneur to assume the risk and to deal with uncertainty, thus he drew attention to the function of the entrepreneur and distinguished between the function of the entrepreneur and the owner who provided the money.
Dating back to the time of the medieval guilds in Germany, a craftsperson required special permission to operate as an entrepreneur, the small proof of competence, which restricted training of apprentices to craftspeople who held a Meister certificate. This institution was introduced in 1908 after a period of so-called freedom of trade in the German Reich. However, proof of competence was not required to start a business. In 1935 and in 1953, greater proof of competence was reintroduced, which required craftspeople to obtain a Meister apprentice-training certificate before being permitted to set up a new business.In the 20th century, entrepreneurship was studied by Joseph Schumpeter in the 1930s and other Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich von Hayek. While the loan from French of the word “entrepreneur” dates to the 1850, the term “entrepreneurship” was coined around the 1920s. According to Schumpeter, an entrepreneur is willing and able to convert a new idea or invention into a successful innovation.
Entrepreneurship employs what Schumpeter called “the gale of creative destruction” to replace in whole or in part inferior offerings across markets and industries, simultaneously creating new products and new business models, thus creative destruction is largely responsible for long-term economic growth. The idea that entrepreneurship leads to economic growth is an interpretation of the residual in endogenous growth theory and as such continues to be debated in academic economics. An alternate description by Israel Kirzner suggests that the majority of innovations may be incremental improvements such as the replacement of paper with plastic in the construction of a drinking straw that require no special qualities.
For Schumpeter, entrepreneurship resulted in new industries and in new combinations of currently existing inputs. Schumpeter’s initial example of this was the combination of a steam engine and then current wagon making technologies to produce the horseless carriage. In this case, the innovation was transformational, but did not require the development of dramatic new technology. It did not immediately replace the horse-drawn carriage, but in time incremental improvements reduced the cost and improved the technology, leading to the modern auto industry. Despite Schumpeter’s early 20th-century contributions, the traditional microeconomic theory did not formally consider the entrepreneur in its theoretical frameworks (instead of assuming that resources would find each other through a price system). In this treatment, the entrepreneur was an implied but unspecified actor, consistent with the concept of the entrepreneur being the agent of x efficiency.
For Schumpeter, the entrepreneur did not bear risk: the capitalist did. Schumpeter believed that the equilibrium was imperfect. Schumpeter demonstrated that the changing environment continuously provides new information about the optimum allocation of resources to enhance profitability. Some individuals acquire the new information before others and recombine the resources to gain an entrepreneurial profit. Schumpeter was of the opinion that entrepreneurs shift the production possibility curve to a higher level using innovations.Initially, economists made the first attempt to study the entrepreneurship concept in depth.Alfred Marshall viewed the entrepreneur as a multi tasking capitalist and observed that in the equilibrium of a completely competitive market there was no spot for “entrepreneurs” as an economic activity creator.
The term “millennial entrepreneur” refers to a business owner who is affiliated with the generation that was brought up using digital technology and mass media the products of Baby Boomers, those people born during the 1980s and early 1990s. Also known as Generation Y, these business owners are well equipped with knowledge of technology and have a strong grasp of its applications toward businesses. There have been many breakthrough businesses that have come from millennial entrepreneurs such as Mark Zuckerberg, who created Facebook. Despite the expectation of millennial success, there have been recent studies that have proven this to not be the case. The comparison between millennials who are self-employed and those who are not self-employed shows that the latter is higher. The reason for this is because they have grown up in a different generation and attitude than their elders. Some of the barriers to entry for entrepreneurs are the economy, debt from schooling and the challenges of regulatory compliance.
The Essential Guide to Entrepreneurship by Guy Kawasaki
Learn how to:
An overview of the key aspects of entrepreneurship.The most important do’s and dont’s of an entrepreneur.This course is not going to do the work for you but you’ll get the clarity and confidence to do the work yourself.Anecdotal advice based on real world examples.The critique of a live pitch by an aspiring entrepreneur.An FAQ section where Guy answers questions asked by his social media audience.This course is not for people who aren’t looking to be decision makers in their company.
Original Price: $95Instructor: Guy KawasakiReviews & Ratings: 4.6 Stars, 274 Ratings, 3,978 Students Enrolled
Intro to Entrepreneurship: Get started as an Entrepreneur
Learn how to:
Understand and apply all the core concepts of Entrepreneurship.Focus in on the key traits and aspects needed to be successful as an Entrerpreneur.Understand the Optimistic Deterministic framework of the future.Understand and focus their Entrepreneurial efforts according to the correct venture process flow.Align their efforts with the correct type of entrepreneur they want to become.Understand the roles and expectations from them as their idea conceptualizes and grows.
Pick between what type of business best suits them.Tell the difference between the realities of Entrepreneurship & the common myths Assess their own personality through the lens of Entrepreneurship & know how to find partners that have what they are lacking.Understand the concept of business modeling, and how new business models are creating exponentially more opportunity.Understand and apply the concept of Scalability as an assessment tool.Understand the correct & factual nature of business idea creation and set their expectations realistically.Analyze 4 different sections of the business value chain for potential opportunities.Understand the 5 different types of core innovation and how to apply them.
How to objectively assess their skills, passions, hobbies, & interests.Assess what skills and passions they have and apply them towards ideation.Use 3 common techniques to come up with great business ideas.Use 5 different techniques for easy validation of a business idea.Understand the core concepts behind the Lean Startup Framework.Understand how to create a pitch experiment & MVP based off their business idea.Understand what options are available for financing their business.Plan a strategy for attracting and pitching angel investors and venture capital.Assess the viability of taking a small business loan and whether or not this is a good option strategically.Generate business ideas that are insightful and actionable.Understand business dynamics as they relate to idea generation.
Understand the difference between business types and which one to aim for.Use common techniques like problem identification to come up with ideas.Quickly evaluate and re-prioritize ideas based off 5 dimensions.Understand the value of their ideas and what to focus on first.Bring context into their environment and not get discouraged.Use advanced techniques like disintermediation, local modifiers, market enablers to craft ideas.Understand how to apply new, disruptive business models like Saas, Sharing economy, & PWYW.Create business ideas that are not only specific but are complete.
Original Price: $195Instructor: Evan KimbrellReviews & Ratings: 4.7 Stars, 333 Ratings, 10,216 Students Enrolled
Entrepreneurship with Purpose by Tony Gaskins
Learn how to:
Have practical insight on how to find balance and motivation in the midst of the entrepreneurial journey.Know the tools you need to discover your gifts, align those gifts with a purpose you are passionate about, and find business opportunities that you can start immediately and are seamlessly built on your natural born strengths.Become equipped with strategies for building an online presence to build your brand and discover how to leverage that brand to create other businesses and/or streams of income.How to Start your company, How to build your brand, How to Expand your Brand.
Original Price: $145Instructor: Tony A. Gaskins JrReviews & Ratings: 4.6 Stars, 133 Ratings, 799 Students Enrolled