1. What is Enterpreneurship?
   1. Innovative
   2. Creative
   3. Risk taking
   4. Small business
2. Important aspects of Entrepreneurship
   1. Opportunity recognition
      1. types
         1. New Products
         2. New Services
         3. New production techniques
         4. New operating practices
      2. Out of the box thinking
      3. Creating a new market(e.g., smartphone)
   2. Innovation
      1. Commercialisation of an idea
      2. Types
         1. Technical
         2. Social
         3. Enconomic
   3. Creativity
      1. Is a skill
      2. Enables innovation
3. Importance of Enterprises
   1. Wealth creation
   2. Flexible
   3. Responsive
   4. Employment
   5. Healthy competition
4. Factors/Influences
   1. Source of Finance
      1. Capital requirements
         1. Permanent capital
         2. Working capital
         3. Asset
         4. International trade
      2. Internal Source
         1. Retained profits
         2. Family & Friends
      3. External Source
         1. Debt
         2. Equity
            1. Equity market
            2. Venture Capitalists
   2. Networking
      1. Advantages
         1. Common problems/solutions can be shared
         2. Business credibility gained by being member of commercial networks
         3. Chance of creating new opportunities and partnerships
      2. Disadvantages
         1. Costs time and money
         2. Could lead to idea duplication
   3. Age and Experience
      1. Age 20-34
         1. 34.8%
         2. 26.2%
      2. Age 35-44
         1. 27%
         2. 24.2%
      3. Age 45-54
         1. 23.9%
         2. 26.3%
      4. Age 55-64
         1. 14.3%
         2. 23.4%
   4. Orientation
      1. Extent to which a firm is entrepreneurial is referred to as "Entrepreneurial Orientation"
      2. Key components
         1. Risk taking
         2. Proactiveness
         3. Innovativeness
         4. Competitive agressiveness
         5. Autonomy
5. Types of Enterprises
   1. Ethnic
      1. Reason
         1. Increase in Immigration across the globe
      2. Types
         1. Asian
         2. African
         3. European
      3. Advantages
         1. Cater to special needs of ethnic group
         2. Bring out the best of their group
      4. Disadvantages
         1. Growth can be limited
   2. Family
      1. Inherited
      2. Owned and run usually by close family members
   3. Social
      1. Focus on helping society
      2. Driven by
         1. personal experiences
         2. Urge to solve social problems
      3. Making profit is secondary
   4. International
      1. Present in more than one country
      2. Challenges
         1. Difference in Government Policies
         2. Political stability
         3. Cultural differences
         4. Currency fluctuations
      3. Enabler
         1. Technology
            1. Internet
            2. Email
            3. Mobile technology
   5. Gender
      1. Increase in Women Entrepreneurship
         1. Reasons
            1. Changes in social and economic mindsets
            2. Government policies
            3. Women empowerment worldwide
            4. Education
6. Process
   1. Evolutionary
   2. Phases
      1. 1. Discovery
         1. Looking for opportunities
      2. 2. Exploitation
         1. Realising the opportunities
   3. Driven by perceived value
   4. Main approaches
      1. Causation
         1. organised
         2. predictable outcome
         3. Good for expansion when successful business model is already in place
      2. Effectuation
         1. emergent
         2. non-predictable outcome
7. Growth
   1. No growth ambition
      1. Emphasis on survival
   2. Greiner's model
      1. suggests linear growth
      2. identifies crises/barriers
         1. leadership crisis
         2. autonomy crisis
         3. control crisis
         4. red tape crisis
         5. growth crisis
   3. Churchill and Lewis's model
      1. based on metamorphosis of business owner
      2. stages
         1. Existence
         2. Survival
         3. Success - disengage
         4. Success - growth
         5. Take-off
         6. Maturity
8. Education
   1. About Enterprise
      1. Government created associations educate people about entrepreneurship
   2. Through Enterprise
      1. Education is a profitable business
      2. In developing countries that lack good education infrastructure are potential markets
   3. For Enterprise