Become an entrepreneur
What is an entrepreneur?
Entrepreneurship is emerging as an important and viable career option. It enhances economic growth, innovation, and employment opportunities.
An entrepreneur generates a business idea and commercialises the idea into a new product or service for the market place through the process of research and development.
Entrepreneurship, research and innovation are increasingly becoming an important part of the world of work and should be considered a career option.
Being an entrepreneur
Key competencies and characteristics are common to successful entrepreneurship.
Self-awareness, career exploration, research, planning, intention building, and implementation of career plans are important career competencies and are especially important for entrepreneurs. A well-developed identity achieved through self-awareness assists individuals in identifying good career opportunities which complements their values, interests, characteristics and preferences, and can lead to enhanced career development, stability and success.
Developing entrepreneurial intention and behaviour
Enhancing a positive attitude towards entrepreneurship, developing self-efficacy, and creating an environment supportive of entrepreneurship is strongly correlated to individuals following through with entrepreneurial goals and engaging in entrepreneurial behaviours. This can increase capacity for career success.
Networking and mentorship
‘Individuals who have entrepreneurs in their social networks are more likely themselves to participate in entrepreneurial activity,' (Bosma & Levie, as cited in Terjesen & Sullivan, 2011). Mentoring relationships enhance entrepreneurial attitude and motivation, and entrepreneurs with mentors in their industry are more alert to new business opportunities. Mentoring relationships can be established through social and professional networking, new business contacts, entrepreneurial groups and organisations, and educational settings.
Modern careers are less defined, and linear career progressions offering secure employment are no longer the norm, so individuals need to manage their careers and recognise and create their own opportunities.
Entrepreneurial concepts can enhance your careers and employability. Identifying opportunities, planning your career development, and participating in lifelong learning help maintain your employability.
Commercial entrepreneurship has traditionally been the driving force of most enterprises, where the central focus is placed upon the identification of an opportunity and delivery of a product or service.
However, the concept of social entrepreneurship is becoming a larger driving force for enterprises around the world. Social entrepreneurship recognises a social issue or need and can be defined as innovative activities with a social objective.
Support, information and activities are available nationally and locally for entrepreneurs at all stages in their careers.
- New Zealand Chamber of Commerce
- Business Mentors New Zealand
- Ministry of Business, Innovation & Employment
- Careers NZ: Entrepreneurship – turning a bright idea into a successful business
Also investigate organisations in your area. Relevant organisations in Canterbury include:
Our UC Centre for Entrepreneurship (UCE) fuels the innovative and the entrepreneurial spirit of UC students. A range of courses also help develop key skills and attributes for budding entrepreneurs.
- Bachelor in Commerce in Strategy and Entrepreneurship focuses on the overall development of businesses as well as the strategies of large corporations. It involves the process of specifying an organisation's objectives, developing policies and plans to achieve those objectives, and allocating resources.
- Professional Internship in Marketing (MKTG390 – summer course) enables students to get practical marketing experience in a business environment.
- Fundamentals of Engineering Economics and Management (ENEL301) enables engineering students to identify the different management activities involved and develops the skills necessary for managing technology projects and professional practice.
- Enterprise in Practice (BSNS290) enables students to undertake a project for a start-up venture, local business, social enterprise or a student club.
- Master of Engineering Management (MEM) is designed to provide students with management and business expertise. Non-engineering students who have completed a degree in a relevant area are welcome to apply for entry.
- Masters of Business Administration (MBA) is designed for students who have had at least five years’ experience in the workforce. There is the opportunity to complete an elective in entrepreneurship & small business.
- Master of Business Management (MBM) develops the skills, competencies and knowledge indicated by industry as necessary for successful strategic business management within a global economy.
- UC Centre for Entrepreneurship (UCE) is dedicated to students to fuel innovation and the entrepreneurial spirit.
- Entre is a UC run entrepreneurial organisation that aims to encourage innovation and educate students on the basic elements of business development.
- UC Research and Innovation – commercialisation for students contains information on the process you can follow if you have an idea or some research you think could have commercial applications.
- Ministry of Business, Innovation & Employment contains a wealth of valuable information including: www.business.govt.nz and the Science & Innovation Group.
- PowerHouse Ventures is an intellectual property commercialisation company using private and public investment to develop new spin-out ventures sourced primarily from research partners such as universities and Crown Research Institutes. It is an affiliate of Incubators New Zealand.
- New Zealand Chamber of Commerce offer national and international networking opportunities.
- Business Mentors New Zealand is the leading business mentoring service provider to the SME (small to medium-sized enterprise) sector in New Zealand.
- Careers New Zealand has a range of steps outlining how to turn an idea into a successful business.
- Christchurch Small Business Enterprise Centre promote people-centred employment, economic and enterprise development in the Canterbury region.