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Entrepreneurship

Fun or Hard Work?

The entrepreneur's journey includes the first thoughts and approaches to the entrepreneurial journey. In each unit, you will learn about the meaning of entrepreneurship, what qualities an entrepreneur must have, how to embark on your entrepreneurial journey, and examples of successful entrepreneurs.

The Entrepreneur's Journey

8 phases from idea to impact — click each phase to explore

Phase 01

Idea & Inspiration

Every entrepreneurial journey begins with an idea. Identify a problem worth solving or a need in the market. Draw inspiration from your passions, skills, and the world around you.

Key Actions:

â–¸Observe everyday problems
â–¸Talk to potential customers
â–¸Research market trends
â–¸Combine your skills with market needs
Progress:
1/8

Course Content

Entrepreneurship is starting and developing a company, delivering something new to the market, or superiorly organising the means of production. It is the activity of setting up a business or an enterprise and taking financial risks in the hope of profit. An entrepreneur is a person who starts a business, diagnoses and solves problems, is innovative, opportunistic, self-starting, open-minded, risk-taking and desires to make revenue from the enterprise. Types of entrepreneurs include Social Entrepreneurs, Serial Entrepreneurs, Lifestyle Entrepreneurs, and Innovative Entrepreneurs.

Key Points

  • Social Entrepreneurs: Individuals involved in innovative solutions to social issues
  • Serial Entrepreneurs: Start several businesses, mainly high-risk-takers with extraordinary ideas
  • Lifestyle Entrepreneurs: Make a profit from personal passion
  • Innovative Entrepreneurs: Create new products or services that disrupt existing markets

Module Quiz

Question 1 of 520%

What is the primary definition of entrepreneurship?

Downloadable Resources

Worksheets and templates to practice what you've learned

Sources & Literature

  1. [1]B-ECO Project Results: https://b-eco.erasmus.site/it/project-results/
  2. [2]Ruzzier, M., Antončič, B., Bratkovič, T., Hisrich, R.D. (2008): Podjetništvo. Koper.
  3. [3]Barringer B. R., Ireland R. D. (2016): Entrepreneurship, Successfully Launching New Ventures.
  4. [4]Sushanta Maiti (2021): What is Entrepreneurship? Definition, 5 Types, 5 Scopes, Characteristics.
  5. [5]Indeed Editorial Team (2021): 12 Pros and Cons of Being an Entrepreneur.

Learning Objectives

  • 01Understand the meaning of entrepreneurship and its types
  • 02Identify the key characteristics of successful entrepreneurs
  • 03Evaluate the advantages and disadvantages of entrepreneurship
  • 04Learn the first steps to start an entrepreneurial journey
  • 05Discover support systems and resources available for entrepreneurs