1. The Entrepreneurial Process Patterns of Entrepreneurship
Chapter 1

2. The Entrepreneurial Process
Identify an Opportunity
Develop the Concept - Write the Business Plan
Determine the resources Required
Acquire the Necessary Financing/Partners
Implement and Manage
Harvest the Venture - Exit Strategy

3. The Entrepreneurial Process
Changing Demographics
Emergence of New Market
Process Needs
New Technologies
Regulatory Change
Social Change
New Product/Services
New Processes
Enter New Markets
New Organizational Structures/Forms
Use New Technologies
Use Sales or Distribution Channels
Start Writing the Plan
Identify an Opportunity
Develop the Concept and write the plan

4. The Entrepreneurial Process
Need for:
Marketing and Sales Expertise
Technical Expertise
Financing Needs
Distribution Channels
Sources of Supply
Licenses, Patents, & Legal Protection
Complete the Business Plan
Debt Supplier Financing
Equity Joint Ventures
Outsourcing Partnerships
Leasing Barter
Determine the Required Resources
Acquire the Necessary Financing/Partners

5. The Entrepreneurial Process
Implementation of Plan/Pilot Program
Monitor Performance
Payback to Resources Providers
Reinvestment
Expansion
Achievement of Performance Goals
Licensing of Rights
Sell or Merge
Go Public
Shut down Venture
Implement and Manage
Harvest the Venture

6. Why Become an Entrepreneur
For many individuals, there is the perception of independence and freedom from the politics and restrictions of corporate America.
Being able "to do one's own thing," and make one's own decisions, and
exert greater control is an attractive alternative to the conformity--real or imagined

7. The Entrepreneurial Mindset
"A key aspect of establishing an entrepreneurial mindset is creating the conditions under which everyone involved is energized to look for opportunities to change the business model”-Professor Rita McGrath

8. Commonly Shared Entrepreneurial Characteristics
1.They passionately seek new opportunities always looking for the chance to profit from change and disruption in the way business is done.
2.They pursue opportunities with enormous discipline..
3.They pursue only the very best opportunities and avoid exhausting themselves and their organizations by chasing after every option.

9. Commonly Shared Entrepreneurial Characteristics
4. The focus is on execution—specifically, adaptive execution.
5. The entrepreneur engages the energies of everyone in the company  

10. The Entrepreneurial Process: Framework for Evaluating an Opportunity