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Newer Version Available
Cover of Entrepreneurship v1.0
Published: 
February 2019
Page Count: 
274
ISBN (Digital): 
978-1-4533-9000-9

Entrepreneurship

Version 1.0
By Laura Portolese, Jaclyn Krause, and Julie R. Bonner

Included Supplements

Key Features

  • A focus on service-oriented businesses.
  • Small-business examples that make concepts engaging and relatable.
  • Multimedia content in every chapter to engage visual learners.
  • Captivating opening cases focused on smaller businesses and start-ups.
  • “How Would You Handle It?” callout boxes that pose real-life challenges and questions to readers.
  • “Leveraging” callout boxes that explain how to leverage outside resources to make business decisions.
  • Interactive end-of-chapter activities.

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Entrepreneurship provides accessible and practical content for students hoping to start their own businesses. It also provides students with a strong basis for innovative thinking, which can be applied to any field or career they pursue. With a focus on service-oriented businesses, this text uses real-world examples, multimedia content, and thought-provoking callouts to engage students and make concepts relatable. Together, these features make this academically-focused book easy to read and understand.

  • About the Authors
  • Acknowledgements
  • Dedication
  • Preface

    • Chapter 1: What is Entrepreneurship?

  • 1.1 Entrepreneurs and Entrepreneurship – Defining What We Mean by Small Business
  • 1.2 How Small Businesses Helped Shape America
  • 1.3 Why Start Your Own Business?
  • 1.4 Dispelling the Myths about Small Business Ownership: It’s a Lot of Work!

    • Chapter 2: Understanding the Basics of Business

  • 2.1 Business Ownership Models
  • 2.2 Service Businesses vs. Product Businesses
  • 2.3 Franchising
  • 2.4 Self-Employment vs. Entrepreneurship
  • 2.5 The Characteristics and Mindset of an Entrepreneur

    • Chapter 3: How Do I Determine a Good Idea and Opportunity?

  • 3.1 The Timmons Framework
  • 3.2 Generating a Good Idea
  • 3.3 Evaluating the Idea: Opportunity Assessment Plans
  • 3.4 Nailing Down the Idea: Planning for Product or Service Development

    • Chapter 4: How Do I Write a Marketing Plan?

  • 4.1 Market Research Methods
  • 4.2 Target Markets
  • 4.3 The Marketing Mix
  • 4.4 Writing the Marketing Plan

    • Chapter 5: How Do I Perform Financial Analysis?

  • 5.1 Funding Source Options
  • 5.2 How Do I Estimate Needed Funding?
  • 5.3 How Do I Read Financial Statements?
  • 5.4 How Do I Perform A Break-Even Analysis?
  • 5.5 How do I Write a Financial Plan?

    • Chapter 6: How Do I Write an Operational Plan?

  • 6.1 Location
  • 6.2 Facilities and Equipment
  • 6.3 Employees and Insurance
  • 6.4 Suppliers, Supplier Management and Cost Decisions
  • 6.5 Writing the Operational Plan

    • Chapter 7: How to Write a Management Plan

  • 7.1 Building a Team
  • 7.2 Organizational Structures
  • 7.3 Writing the Organization and Management Plan

    • Chapter 8: How to Put Together a Business Plan

  • 8.1 Formal vs. Informal Business Plans: When You Need Each
  • 8.2 The Components of a Business Plan: From the Executive Summary through the Appendix
  • 8.3 Resources to Help You Prepare Your Plan and Obtain Funding 
  • 8.4 Presenting the Plan to Potential Investors

    • Chapter 9: How Do I Manage Change?

  • 9.1 Understanding Factors that Impact the Business
  • 9.2 External Factors
  • 9.3 Internal Factors
  • 9.4 Additional Considerations for Managing Change

    • Chapter 10: Handling Human Resources

  • 10.1 Recruitment, Selection, and Hiring Process
  • 10.2 Training and Development
  • 10.3 Compensation
  • 10.4 Other HR Considerations

    • Chapter 11: How Do I Grow My Business?

  • 11.1 External Sources of Growth
  • 11.2 Internal Sources for Growth
  • 11.3 Models for Innovation and Growth Management

    • Chapter 12: Planning for the Future

  • 12.1 Succession Planning
  • 12.2 The Future of Entrepreneurship
    • FlatWorld Homework System

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    Instructor’s Manual

    Instructor’s Manual

    The Instructor’s Manual guides you through the main concepts of each chapter and important elements such as learning objectives, key terms, and key takeaways. Can include answers to chapter exercises, group activity suggestions, and discussion questions.

    Instructor’s Manual

    PowerPoint Lecture Notes

    PowerPoint Lecture Notes

    A PowerPoint presentation highlighting key learning objectives and the main concepts for each chapter are available for you to use in your classroom. You can either cut and paste sections or use the presentation as a whole.

    PowerPoint Lecture Notes

    Test Generator - powered by Cognero

    Test Generator - powered by Cognero

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    Test Item File

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    Laura Portolese Central Washington University

    Laura Portolese (Doctorate, Argosy University) is Professor of Information Technology and Administrative Management in the College of Education and Professional Studies at Central Washington University. Laura is the author or co-author of four books with FlatWorld (Entrepreneurship, Human Resource Management, Human Relations, and The Art of Leadership and Supervision). Laura also holds an MBA from City University and a Doctorate of Business Administration from Argosy University. Laura is a prolific researcher, with publications focused in the areas of curriculum development and best practices in online learning. She has a Graduate Online Teacher Certificate from Central Washington University and a certificate from Oregon State University in E-learning Instructional Design and Development. Before beginning her academic career, Laura worked for several organizations in management and operations. She is also an entrepreneur who has performed consulting work for companies such as Microsoft.

    Jaclyn Krause Central Washington University

    Jaclyn Krause (PhD Walden School of Management) is Associate Professor Emeritus of Information Technology and Administrative Management at Central Washington University. Jackie earned her degree in applied management and decision systems. She possesses thirty-five years of comprehensive and progressive experience in information technology work such as network administration; application design and development including web-based applications; website development; information systems analysis, design, and architecture; and information technology project management. Jackie was an IT professional who has been embedded within business units, and she has supervised both faculty and help desk staff, has led project teams of system administrators, and has led multi-discipline, cross-functional project teams as a project manager.

    Julie R. Bonner Central Washington University

    Julie Bonner (Doctorate, University of Phoenix) is Associate Professor of Information Technology and Administration at Central Washington University. She earned her doctorate in management. She has consulted extensively for large clients in the aerospace, consumer products, and gaming industries providing services in accounting and information systems design.

    Additions & Errata

    • Added "t" to "Central Washington University" in Laura Portolese's author biography in the front matter. Was previously "Cenral Washington University." (3/19/19)
    • Changed "Association" to "Administration" in Chapter 1 Section 1. (10/10/19)
    • Changed "Association" to "Administration" in Chapter 1 Section 3. (10/10/19)
    • Removed extra instance of "in the next sectionn" in Chapter 3 Section 2. (10/10/19)
    • Changed "They Siddles" to "The Siddles" in Chapter 8 opener. (10/10/19)
    • Changed "Deanna" to "Deana" in Chapter 8 opener. (10/10/19)
    • On 10/28/20, we added the following content to this book:
      • "Consider the COVID-19 crisis and the amount of losses small businesses suffered as a result of being forced to close by local and state governments. In this case, the government is the boss, in a way!" to Section 1.4.
      • "During the COVID-19 crisis, some entrepreneurs were unprepared for a full close of their businesses. To handle unexpected crises,..." to Section 2.5.
      • "Consider the COVID-19 crisis and the fact many small business had to shut down. Because of this, variable costs were lower because business owners didn’t need to order supplies or pay employees. However, fixed costs, such as the cost of rent or a loan, were still present." to Section 5.2.
      • A new "What Would You Do" callout box to Section 6.4.
      • "Similarly, the COVID-19 crisis has left many small businesses constrained by government laws in regard to if, when, and how they will able to open. Planning for these types of constraints ahead of time can play an important role in helping you to deal with planned and unplanned changes and requirements." to Section 9.2.
      • New COVID-19 content to the "Crisis Situations and Planning Before Change Occurs" Section of Section 9.4.
      • "There may also be special circumstances such as the COVID-19 pandemic, which required all interviews to be conducted via video conferencing, as opposed to in-person." to Section 10.1
      • "Some situations may allow for orientation to occur fully online or via video conferencing, as many small business owners needed to do during the COVID-19 pandemic." to Section 10.2.
      • New COVID-19 content and a new photo to Section 12.2.
    • Replaced broken link in Chapter 1 Section 1 "Interactive Activity" and in the paragraph starting "There are additional benefits..." in Chapter 1 Section 3 (4/30/21)
    • Replaced "Use Entrepreneurship to Reinvent Yourself" video in Chapter 1 Section 3(4/30/21)
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