Perspective on Entrepreneurship Note Howard H Stevenson 1983
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Asked by: [Your Name] On: [Date] Subject: Perspective on Entrepreneurship Dear Professor [Your Name], I am writing to thank you and your faculty members for all the help and support I have received since the summer program, particularly for the courses I have taken in [Section]. Since that time, I have become very interested in starting a new venture in my hometown. I have been considering the entrepreneurship experience and have been reading many articles and books on the topic. Based on
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It’s a well-known fact that entrepreneurs make a huge impact on our economy. The success stories of individuals like Richard Branson, Mark Zuckerberg, and Steve Jobs are a testament to the power of entrepreneurship. However, this influence is not limited to personal and economic gains. Many entrepreneurs also have a significant impact on society through their innovative ideas, investments, and support of their community. Their success also leads to the creation of jobs, fosters economic growth, and brings hope to those in need. My personal
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In my view, business ownership, in the present age, is like driving a car. A car is not really driving itself: it is not only controlled by its operator, but also its driver is driving by instinct. In the same way, a business is not controlled by a single person, who can do it all, but it is driven by instinct by its owner (i.e., the manager). If the owner is a genius, the business can go anywhere; if he is an ordinary person, it can go to the bottom of the pit. In the entrepreneurial process
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I have seen and interacted with countless businessmen and entrepreneurs, with different viewpoints. The one thing that most of them seem to have in common is that, whether it is a new business, a small business, a start-up, a new product, a brand or a management system, they all seem to know instinctively that there is a need for that which has not yet been there, which they need to create, for the business to exist, to sustain growth, to survive and to grow and succeed. It is an innate instinct that they have
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Howard H Stevenson’s Entrepreneurship Note: Perspective on Entrepreneurship Today, 20 years ago, Howard H Stevenson wrote an entrepreneurship note entitled “Perspective on Entrepreneurship,” which, I’ve decided, should be re-written in the present tense. navigate to this site My thinking, however, remains largely the same. Here it is, as published by Stevenson in 1983, and as I have re-read it 20 times since. In the
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I was 25 years old when I started my first company in my hometown in Texas. I wanted to prove to myself and to my family that I could do something different than the stuff that everybody does. I believed that a good business is born when you take good ideas and create something that is useful, valuable, and profitable. I believed in the power of marketing to make or break a business. I believed that the most critical decision that a business owner can make is to take the risk to start a business. I thought that entrepreneurship was the way to
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“Entrepreneurship has changed enormously in recent years. Brand new fields have been established, such as the biotechnology industry (Mabuchi’s company “Ambion”), which is making substantial contributions to biomedical research.” “Entrepreneurship” is not the same thing as “Start-up.” The “start-up” has to do with launching a new product in a new industry or market. That is, “Launching” or “Launching from scratch.” “Entreprene
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– Start from A1: Define your purpose – A2: Start from A2: Identify what’s already working for you – A3: Start from A3: Assess your strengths and weaknesses – A4: Start from A4: Set SMART goals – A5: Start from A5: Define your value proposition – A6: Start from A6: Define your market – A7: Start from A7: Analyze your target audience – A8: Start from A8: Determine your