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• Chance in Entrepreneurship When someone decides to become an entrepreneur he/she first defines a product or service that could satisfy a specific need of consumers who would be willing to pay for it.
• No-Code Web Applications Entrepreneurs’ main focus must be to create a new product and/or a service, which meets a certain need of consumers who would be willing to pay.
• NFTs - Non-Fungible Tokens NFTs are digital files that contain paintings, pictures, songs, movies or video games which use Blockchain technology to keep track of the ownership of the original file.
• AR and VR are Revolutionizing Entrepreneurship Augmented Reality (AR) and Virtual Reality (VR) are Revolutionizing Entrepreneurship Augmented Reality (AR) is a fast growing new technology which combines digital objects to real-life conditions.
• THE METAVERSE - The New World Economy META is a Greek word and it means “beyond” or “after”, as it is used in words such as metaphysics.
• Role Models vs Influencers Role models are the people whose behaviors and successes are emulated especially by other people. Our first role models are our parents and our caregivers, but can also be our siblings, neighbors, teachers, community leaders, or celebrities.
• A New Social Entrepreneurship Experience - Human Libraries Social cleavages have always been the main issue damaging the social harmony of civilized nations.
• Z- Generation (*) Entrepreneurship Generation Z is bringing a whole new and different mindset to the business world as employers, employees and customers.
• Sky is NOT the limit – For Entrepreneurs! In his song 'There’s a World Out There', Paul Brandt repeats the verses: There’s a world out there and I wanna be in it I’ve got a life and I‘m gonna live it Don’t tell me the sky is the limit, There’s footprints on the moon
• Use of Social Media for New Businesses There are now about 4.2 billion people using the social media (twice the number versus 5 yrs ago.) They each spend an average of about 2.5 hrs every day. Main reasons people use social media are:
• Entrepreneurship Education According to the Future Job Survey* of the World Economic Forum, about 50% of the existing jobs will be automated by 2055. This will create great challenges, new roles & responsibilities for future generations, and it will put emphasis on the importance of entrepreneurship education.
• Costs in New Businesses Many new businesses fail because they don't properly budget for the startup costs. Every new business has startup costs unique to that specific business.