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Published on Aug 16, 2015
Exploring the meaning of entrepreneurship, these students identify and challenge their ideas about who can be an entrepreneur.
Research suggests that, contrary to popular imagination, entrepreneurs are well educated, have work experience, and are comfortable working in teams. Entrepreneurs are also creative, flexible and work well in uncertain situations. While well educated, a business degree is not necessary, although it’s a great idea for at least one member of a founding team to have a business degree.
Entrepreneurial competencies include: Opportunity recognition, opportunity assessment, risk management, communicating vision, tenacity, creative problem solving, resource leveraging, guerrilla skills, creating values with new products, maintaining focus while being adaptable, resilience, self-efficacy, and networking.