Entrepreneurship is an ability to see an opportunity where others see chaos, contradiction and confusion. It comprises numerous activities involved in conception, creation and running an enterprise.
How to find opportunities for business? Follow effectuation process, bring the idea to market with close to zero resources, listen to customers.
What questions to ask an entrepreneur? Clarify current goals, evaluate strategies for attaining those goals and assess capacity to execute the strategy.
Business plan allows the founder to crystallise business ideas, thinking through the problems that they will face before having to cope with it.
Three financial statements are described in this article: balance sheet, income statement, statement of cash flow. Learn more here.
There are different ways of minimizing risks associated with investing: self-financing, contract provision, specialisation syndication.
There are different sources of finance: savings, friends and family, crowdfunding, business angels, venture capitalists, corporations and other.
What is the difference between entrepreneur and professional manager? What are transition steps to professional management. Learn more here.