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1. What is entrepreneurship?

In episode 1, Marion gets you thinking about what entrepreneurship is. She asks you to reflect on your own dreams and provides a case study example to illustrate why Learning Contracts and Team Learning are so important in successful entrepreneurship.

1. What is entrepreneurship?

In episode 1, Marion gets you thinking about what entrepreneurship is. She asks you to reflect on your own dreams and provides a case study example to illustrate why Learning Contracts and Team Learning are so important in successful entrepreneurship.

Entrepreneur - a person who sets up a business, taking on financial risks in the hope of profit.

Personal brand - the process of creating an identity for yourself as an individual or business. 

Learning contract - ( an agreement negotiated between a learner and a staff supervisor to ensure that certain activities will be undertaken in order to achieve a learning goal and that specific evidence will be produced to demonstrate that goal has been reached.) 

SMART objectives - an acronym for Specific, Measurable, Relevant and Time-bound. These are criteria that can be used to guide goal setting for better success.

Sector - a distinct part of a nation's economy or society.

Industry - a branch of economic activity, such as technology, service or manufacturing.

Articulate -to be able to speak or communicate clearly and coherently. 

Accountable  - to be held responsible.

Startup - a company in the first stages of operations, founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand.

Team Entrepreneur - a group of two or more entrepreneurs working and learning together with an interest and commitment to a business venture's future success. 

(Co-)Founder - a person who establishes a business.

Marketing - activities a company undertakes to promote the buying or selling of a product or service. 

Client project - a project done on behalf of a client.

Ecosystem - a complex network or interconnected system.

Seed funding - when an investor invests money in a startup in exchange for a stake in the company.

Venture - a business idea that has both the expectation of gain and the risk of loss or failure.

Unicorns - startups that grow rapidly and define their markets.

Learning organisations - an organisation skilled at creating, getting, and transferring knowledge, and at adapting its behaviour to reflect new knowledge.

Team learning - learning done in groups where people teach each other and work together to acquire knowledge. 

There are no definitions specified in this episode 🙂