Describe what aspects of the entrepreneurial mindset can be used in a business.

SCENARIO

You have decided to open a cupcake bakery and move your home-based business into a storefront. Recently, you met with SBA National, a non-profit, that focuses on helping entrepreneurs start their business with funding and guidance. The non-profit also hosts a business pitch competition to anyone who is a client. One of the requirements of the SBA business pitch competition is that each participant must create a memo about how an entrepreneurial mindset can be used to start a business.

INSTRUCTIONS

Create a memo outlining how you plan to use the entrepreneurial mindset for your business. Conduct research on the entrepreneurial mindset and do the following in the memo:

• Describe what aspects of the entrepreneurial mindset can be used in a business.
• Outline how you would use those aspects in your business.
• Provide your recommendation from your research on how the entrepreneurial mindset can be beneficial to your business.
• Provide attribution for credible sources.