Entrepreneurship and Business Development

   
What is Entrepreneurship Related Career Titles
Related Major Skills Job & Internship Search Links
Career Planning Links Professional Association Links
Miscellaneous Resources Links Cameron School of Business
   

What is Entrepreneurship and Business Development

An entrepreneur is a person who creates small businesses. Entrepreneurs are calculated risk-takers---they strive to maximize potential of their venture while simultaneously minimizing risk. They are able to recognize opportunities as they arise and create goods or services in order to take advantage of the opportunity before competitors catch on to it. Entrepreneurs may create new products or services, improve on current products or services, or simply find a new way to market existing products or services (Michael Paul, University of Wisconsin)

Entrepreneurship is the process of creating or seizing an opportunity, and pursuing it regardless of the resources currently controlled. The American Heritage Dictionary defines an entrepreneur to be "a person who organizes, operates, and assumes the risk for business ventures." (www.jbv.com, 9/07)

Related Career Titles

Owner
Manager
Director
President
Chief Executive Officer

Back to the Top

Related Major Skills

Because they often run new ventures themselves, entrepreneurs must know how to operate every aspect of their business. Typically, this includes the areas of:

  • Managing the business on a day-to-day basis
  • Advertising, selling, and distributing the product or service (marketing)
  • Accounting or keeping financial records for the business
  • Hiring personnel to assist with the business
  • Production of finished goods or services
  • Be non-conformist
  • Motivated by achievement
  • Have a preference for innovation
  • Possess high uncertainty tolerance

Back to the Top

Job & Internship Search Links

Global Student Entrepreneur     

FastCompany.com                      

YoungEntrepreneur.com            

WomenEntrepreneur.com         

Entrepreneur.com                                                       

The Ewing Marion Kaufman Foundation of Entrepreneurship     

Back to the Top

Career Planning Links

Entrepreneurship and Business Development program at UNCW’s Cameron School of Business

Back to the Top

Professional Associations Links

All business.com                                                                                    

American Franchisee Association   

International Franchise Association    

National Association of Home Based Business  

Students in Free Enterprise   

US Small Business Administration

American Small Businesses Association   

Michigan Business & Professional Association   

National Federation of Independent Business-Hawaii      

National Small Business Association    

Small Business Council of America        

Small Business Legislative Council        

Back to the Top

Miscellaneous Resources Links

Wilmington Chamber of Commerce

Back to the Top



 


UNC Wilmington | 601 S. College Road, Wilmington NC 28403 | 910.962.3000 | About this Site | Copyright Notice | Feedback | Page maintained by:  D. Reed [ reedd AT uncw DOT edu ]