{"id":1058,"date":"2015-05-09T20:39:22","date_gmt":"2015-05-09T20:39:22","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&#038;p=1058"},"modified":"2015-07-11T22:22:58","modified_gmt":"2015-07-11T22:22:58","slug":"why-it-matters-8","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/chapter\/why-it-matters-8\/","title":{"raw":"Why It Matters: Entrepreneurship","rendered":"Why It Matters: Entrepreneurship"},"content":{"raw":"<h2>Why explain the concepts of entrepreneurship and entrepreneurial thinking as they apply to small business?<\/h2>\r\nWhat do all of the following have in common?\r\n<div style=\"text-align: center;\"><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031822\/light-bulb-503881_640.jpg\"><img class=\"alignnone wp-image-2619\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031822\/light-bulb-503881_640-300x197.jpg\" alt=\"lightbulb\" width=\"196\" height=\"129\" \/><\/a><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031825\/disney-world-226618_640.jpg\"><img class=\"alignnone wp-image-2621\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031825\/disney-world-226618_640-224x300.jpg\" alt=\"The Cinderella's castle at Disney World\" width=\"141\" height=\"189\" \/><img class=\"alignnone wp-image-2620\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031824\/airplane-744861_640-300x195.jpg\" alt=\"Virgin Atlantic airplane taking off\" width=\"200\" height=\"129\" \/><\/a><\/div>\r\nThey all represent the efforts of entrepreneurs! What if you couldn't fly to DisneyWorld and see the lights from Cinderella's Castle shining after sunset as you rode Space Mountain? For some of you this might\u00a0not be a great loss, but think of all of the other things you use and rely on\u00a0in your daily life that are the result of an entrepreneur's willingness to step up and take a risk. Are you using an iPhone or did you Google anything today? Have you eaten at Wendy's lately, perhaps on your way to the Ford dealership after you stopped at WalMart to pick up a lightbulb for your desk lamp? \u00a0In the same way that we are surrounded by the fruits of business labor, we are the beneficiaries of the hard work, dedication, and fearlessness of men and women across the centuries who have taken the plunge and become entrepreneurs. In this module, you'll learn about some of these individuals as well as some of the steps it takes to launch your own business venture. Are you ready to be inspired?\u00a0Please read on!\r\n<h3>Learning Outcomes<\/h3>\r\n<ul>\r\n\t<li>Identify the role entrepreneurs (past and present) play in small businesses and economic growth<\/li>\r\n\t<li>Identify the characteristics of an entrepreneur and explain how these characteristics contribute to business success<\/li>\r\n\t<li>Identify the opportunities and challenges of starting a business<\/li>\r\n\t<li>Describe the steps necessary to start a business<\/li>\r\n\t<li>Identify and describe the essential components of a business plan<\/li>\r\n\t<li>Explain why entrepreneurial ventures fail<\/li>\r\n<\/ul>","rendered":"<h2>Why explain the concepts of entrepreneurship and entrepreneurial thinking as they apply to small business?<\/h2>\n<p>What do all of the following have in common?<\/p>\n<div style=\"text-align: center;\"><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031822\/light-bulb-503881_640.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2619\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031822\/light-bulb-503881_640-300x197.jpg\" alt=\"lightbulb\" width=\"196\" height=\"129\" \/><\/a><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031825\/disney-world-226618_640.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2621\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031825\/disney-world-226618_640-224x300.jpg\" alt=\"The Cinderella's castle at Disney World\" width=\"141\" height=\"189\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2620\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images-archive-read-only\/wp-content\/uploads\/sites\/1120\/2015\/06\/02031824\/airplane-744861_640-300x195.jpg\" alt=\"Virgin Atlantic airplane taking off\" width=\"200\" height=\"129\" \/><\/a><\/div>\n<p>They all represent the efforts of entrepreneurs! What if you couldn&#8217;t fly to DisneyWorld and see the lights from Cinderella&#8217;s Castle shining after sunset as you rode Space Mountain? For some of you this might\u00a0not be a great loss, but think of all of the other things you use and rely on\u00a0in your daily life that are the result of an entrepreneur&#8217;s willingness to step up and take a risk. Are you using an iPhone or did you Google anything today? Have you eaten at Wendy&#8217;s lately, perhaps on your way to the Ford dealership after you stopped at WalMart to pick up a lightbulb for your desk lamp? \u00a0In the same way that we are surrounded by the fruits of business labor, we are the beneficiaries of the hard work, dedication, and fearlessness of men and women across the centuries who have taken the plunge and become entrepreneurs. In this module, you&#8217;ll learn about some of these individuals as well as some of the steps it takes to launch your own business venture. Are you ready to be inspired?\u00a0Please read on!<\/p>\n<h3>Learning Outcomes<\/h3>\n<ul>\n<li>Identify the role entrepreneurs (past and present) play in small businesses and economic growth<\/li>\n<li>Identify the characteristics of an entrepreneur and explain how these characteristics contribute to business success<\/li>\n<li>Identify the opportunities and challenges of starting a business<\/li>\n<li>Describe the steps necessary to start a business<\/li>\n<li>Identify and describe the essential components of a business plan<\/li>\n<li>Explain why entrepreneurial ventures fail<\/li>\n<\/ul>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-1058\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Why It Matters: Entrepreneurship. <strong>Provided by<\/strong>: Lumen Learning and NGCC Team. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>photograph of lightbulb. <strong>Authored by<\/strong>: Comfreak. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/pixabay.com\/en\/light-bulb-current-light-glow-503881\/\">http:\/\/pixabay.com\/en\/light-bulb-current-light-glow-503881\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><li>Photograph of aircraft. <strong>Authored by<\/strong>: Skeeze. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/pixabay.com\/en\/airplane-aircraft-commercial-744861\/\">http:\/\/pixabay.com\/en\/airplane-aircraft-commercial-744861\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><li>Photograph of CinderellasCastle. <strong>Authored by<\/strong>: bethgolz. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/pixabay.com\/en\/disney-world-cinderella-s-castle-226618\/\">http:\/\/pixabay.com\/en\/disney-world-cinderella-s-castle-226618\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":128,"menu_order":1,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc\",\"description\":\"photograph of lightbulb\",\"author\":\"Comfreak\",\"organization\":\"\",\"url\":\"http:\/\/pixabay.com\/en\/light-bulb-current-light-glow-503881\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Photograph of aircraft\",\"author\":\"Skeeze\",\"organization\":\"\",\"url\":\"http:\/\/pixabay.com\/en\/airplane-aircraft-commercial-744861\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Photograph of CinderellasCastle\",\"author\":\"bethgolz\",\"organization\":\"\",\"url\":\"http:\/\/pixabay.com\/en\/disney-world-cinderella-s-castle-226618\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"Why It Matters: Entrepreneurship\",\"author\":\"\",\"organization\":\"Lumen Learning and NGCC Team\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"01eeb2fa-530a-4c71-8921-a9a51a128682","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-1058","chapter","type-chapter","status-publish","hentry"],"part":87,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/1058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/users\/128"}],"version-history":[{"count":13,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/1058\/revisions"}],"predecessor-version":[{"id":5009,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/1058\/revisions\/5009"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/parts\/87"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapters\/1058\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/media?parent=1058"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/pressbooks\/v2\/chapter-type?post=1058"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/contributor?post=1058"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-introbusinesswmopen\/wp-json\/wp\/v2\/license?post=1058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}