Intro to Entrepreneurship
A definition:
- Entrepreneurship is the process of designing, launching and running a business.
- "Capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit."
- Entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk. In a broader sense, entrepreneurship is the process of transforming the status quo by solving the most pressing problems and pain points in our society, often by introducing an innovative product or service or creating new markets.
Common traits of entrepreneurs
- Enjoy freedom and flexibility
- Are inventive
- Are goal orientated and ambitious
- Think creatively
- Are fearless
- Problem solvers
- High self initiative
- Understand basic finance principles
Bobby Hundreds
Introduction
Bobby Hundreds is one of the two founders of The Hundreds founded in 2003. Also known as Bobby Kim, he met his co-founder Ben Shenassafar while at law school. Kim graduated from UC San Diego before going onto Loyola Law School, finishing at the top of his class.
Link to the Hundreds website: The Hundreds
PART 1: Watch the video in class and then answer the following:
List and explain 5 qualities that Bobby Hundreds has that makes him a great entrepreneur.
Example: He did what he was passionate about. For example he decided to give up being a lawyer to pursue his dream of developing a streetwear company.
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