Description
In this particular information with regards to common myths about entrepreneurship and innovation.
A concentration in Entrepreneurship and Innovation (ENTI)
focuses on the start up and operation of high potential
businesses. The key to any successful entrepreneurial venture is
being prepared. This means doing your research, attending
informational and networking events, and beginning to build
your knowledge and connections in the industries connected to
your business venture.
Entrepreneurship is best learned through doing, so courses in
this area offer hands-on experiences through projects that
expose students to all aspects of business development. The
concentration in Entrepreneurship and Innovation allow
students to study Principles of Entrepreneurship (ENTI 381),
Opportunity Identification (ENTI 401), New Venture Planning
(ENTI 403), and New Venture Start-Up (ENTI 405).
Small or start-up companies post part-time, contract, and summer positions allow you the opportunity to use
your entrepreneurial skills and experience life in a newly launched business.
Contact: Area Chair ([email protected])
Common Myths about Entrepreneurship and Innovation
Myth 1: Entrepreneurs are born, not made
Reality: While entrepreneurs may be born with a certain native intelligence, a flair for innovation, a high level
of energy, and a core of other inborn attributes that you either have or you don’t, it is apparent that merely
possessing these characteristics does not necessarily make you an entrepreneur. The making of an
entrepreneur occurs through a combination of work experience, know-how, personal contacts, and the
development of business skills acquired over time. In fact, other attributes of equal importance can also be
acquired through understanding, hard work, and patience.
Myth 2: Anyone can start a business. It’s just a matter of luck and guts.
Reality: Entrepreneurs need to recognize the difference between a good idea and a real opportunity to
significantly improve their chances of success. If you want to launch and grow a high-potential new venture,
you must understand the many things that you have to do to get the odds in your favour. You cannot think
and act like a typical bureaucrat, or even a manager; you must think and act like an entrepreneur. That often
means initiating action even if conditions are uncertain and existing rules have to be pushed to the limit.”
1
1
Good, Walters, Myths and Realities Concerning Entrepreneurship, 6
th
Edition (Toronto: McGraw - Hill Ryerson, 2005), 10.
Entrepreneurship and Innovation
(ENTI)
Profile of an Entrepreneurship and Innovation Graduate
2
The top ten characteristics of Entrepreneurship and Innovation
graduates are:
? Creativity – ability to look at problems from all angles
? Goal-oriented – set goals and challenge creativity and strengths
? Hard-working – willing to go the “extra-mile”
? Commitment – remain focused on an idea or task
? Initiative – always striving to be first
? Adventurous – willing to try something different
? Positive attitude – do not let set backs hinder them
? Self-confident – believe in their ideas and themselves
? Persistent – keep working at a problem until they solve it or find an
alternative
? Need to achieve – strong desire to accomplish something and leave
a legacy
Related Associations
Canadian Youth Business Foundation (CYBF)
The Canadian Youth Business Foundation is a national charity
providing start-up mentoring, financing, and business resources to
help you start your own successful business. To learn more visit:
www.cybf.ca
Student Club
Students in Free Enterprise (SIFE)
SIFE’s goal is to promote student community awareness and action.
With a focus in entrepreneurship, market economics, success skills,
financial literacy, the environment, ethics, and sustainability - SIFE is a
growing club with the dream to build a better future for current and
upcoming generations.
www.sifecalgary.com
2
Good, Walters, Myths and Realities Concerning Entrepreneurship, 6
th
Edition
(Toronto: McGraw - Hill Ryerson, 2005), 18.
Career Opportunities
With entrepreneurship and innovation,
careers are only limited by an
individual’s vision. Career
opportunities include everything from
starting your own company to working
in the development of new business
opportunities within existing
companies. Graduates work as
business development specialists in
areas such as technology
commercialization, business
consulting, product development, and
business finance. Above all our
objective is to help students start and
develop high potential business
opportunities.
Important Business Skills
? Business Strategy
? Financial Management
? Human Resources Management
? Marketing
? Operations Management
Top 10 Business Opportunities
for 2007
3
? Alternative health products
? Biometrics or high-tech security
? Diet/exercise expert
? Eco products
? Medical tourism
? Financial advisor/retirement
planner
? Organic or specialty foods
? Recycling technology
? Education services/products
? Home improvement contractor
3
Andy Holloway, “Tips for Starting Your
Own Business,” Canadian Business
Magazine (March 13-16, 2006)
doc_782162946.pdf
In this particular information with regards to common myths about entrepreneurship and innovation.
A concentration in Entrepreneurship and Innovation (ENTI)
focuses on the start up and operation of high potential
businesses. The key to any successful entrepreneurial venture is
being prepared. This means doing your research, attending
informational and networking events, and beginning to build
your knowledge and connections in the industries connected to
your business venture.
Entrepreneurship is best learned through doing, so courses in
this area offer hands-on experiences through projects that
expose students to all aspects of business development. The
concentration in Entrepreneurship and Innovation allow
students to study Principles of Entrepreneurship (ENTI 381),
Opportunity Identification (ENTI 401), New Venture Planning
(ENTI 403), and New Venture Start-Up (ENTI 405).
Small or start-up companies post part-time, contract, and summer positions allow you the opportunity to use
your entrepreneurial skills and experience life in a newly launched business.
Contact: Area Chair ([email protected])
Common Myths about Entrepreneurship and Innovation
Myth 1: Entrepreneurs are born, not made
Reality: While entrepreneurs may be born with a certain native intelligence, a flair for innovation, a high level
of energy, and a core of other inborn attributes that you either have or you don’t, it is apparent that merely
possessing these characteristics does not necessarily make you an entrepreneur. The making of an
entrepreneur occurs through a combination of work experience, know-how, personal contacts, and the
development of business skills acquired over time. In fact, other attributes of equal importance can also be
acquired through understanding, hard work, and patience.
Myth 2: Anyone can start a business. It’s just a matter of luck and guts.
Reality: Entrepreneurs need to recognize the difference between a good idea and a real opportunity to
significantly improve their chances of success. If you want to launch and grow a high-potential new venture,
you must understand the many things that you have to do to get the odds in your favour. You cannot think
and act like a typical bureaucrat, or even a manager; you must think and act like an entrepreneur. That often
means initiating action even if conditions are uncertain and existing rules have to be pushed to the limit.”
1
1
Good, Walters, Myths and Realities Concerning Entrepreneurship, 6
th
Edition (Toronto: McGraw - Hill Ryerson, 2005), 10.
Entrepreneurship and Innovation
(ENTI)
Profile of an Entrepreneurship and Innovation Graduate
2
The top ten characteristics of Entrepreneurship and Innovation
graduates are:
? Creativity – ability to look at problems from all angles
? Goal-oriented – set goals and challenge creativity and strengths
? Hard-working – willing to go the “extra-mile”
? Commitment – remain focused on an idea or task
? Initiative – always striving to be first
? Adventurous – willing to try something different
? Positive attitude – do not let set backs hinder them
? Self-confident – believe in their ideas and themselves
? Persistent – keep working at a problem until they solve it or find an
alternative
? Need to achieve – strong desire to accomplish something and leave
a legacy
Related Associations
Canadian Youth Business Foundation (CYBF)
The Canadian Youth Business Foundation is a national charity
providing start-up mentoring, financing, and business resources to
help you start your own successful business. To learn more visit:
www.cybf.ca
Student Club
Students in Free Enterprise (SIFE)
SIFE’s goal is to promote student community awareness and action.
With a focus in entrepreneurship, market economics, success skills,
financial literacy, the environment, ethics, and sustainability - SIFE is a
growing club with the dream to build a better future for current and
upcoming generations.
www.sifecalgary.com
2
Good, Walters, Myths and Realities Concerning Entrepreneurship, 6
th
Edition
(Toronto: McGraw - Hill Ryerson, 2005), 18.
Career Opportunities
With entrepreneurship and innovation,
careers are only limited by an
individual’s vision. Career
opportunities include everything from
starting your own company to working
in the development of new business
opportunities within existing
companies. Graduates work as
business development specialists in
areas such as technology
commercialization, business
consulting, product development, and
business finance. Above all our
objective is to help students start and
develop high potential business
opportunities.
Important Business Skills
? Business Strategy
? Financial Management
? Human Resources Management
? Marketing
? Operations Management
Top 10 Business Opportunities
for 2007
3
? Alternative health products
? Biometrics or high-tech security
? Diet/exercise expert
? Eco products
? Medical tourism
? Financial advisor/retirement
planner
? Organic or specialty foods
? Recycling technology
? Education services/products
? Home improvement contractor
3
Andy Holloway, “Tips for Starting Your
Own Business,” Canadian Business
Magazine (March 13-16, 2006)
doc_782162946.pdf