Ideas in this flowchart

• Entrepreneurship involves creating and managing businesses, while successful entrepreneurs share specific motivations, types, and characteristics.
• Entrepreneurs innovate and take the risk of starting and managing a business to make a profit.
• People become entrepreneurs for four main reasons.
• The opportunity for profit motivates people to become entrepreneurs.
• Independence motivates people to become entrepreneurs.
• Personal satisfaction motivates people to become entrepreneurs.
• A desired lifestyle motivates people to become entrepreneurs.
• Entrepreneurs can be classified into several types.
• Classic entrepreneurs may be micropreneurs or growth-oriented entrepreneurs.
• Micropreneurs plan to keep their businesses small.
• Growth-oriented entrepreneurs aim to develop companies that grow into major corporations.
• Multipreneurs start multiple companies.
• Intrapreneurs work within large corporations.
• Successful entrepreneurs share important personal characteristics.
• They are ambitious, independent, self-confident, creative, energetic, passionate, and committed.
• They have a high need for achievement and a willingness to take moderate risks.
• Managerial, interpersonal, communication, and technical skills support entrepreneurial success.