30 March 2026

Which one is better?

Saturday morning.

Which one? after

next week because next Saturday is the

holiday class

then

we have

two Right.

Starting from Saturday

11 11 of April.

Could

you please help me to find the name

of the list?

>> Yeah, thank you.

Could

you please

the rest? Please

find your name.

your name. If if you can find your name

in the list, just let me know. Which

one? Number

>> give you the number.

>> Fine. Thank you.

>> 11.

>> Correct.

>> Okay.

Number six.

>> Six.

>> Yeah.

>> Are you done?

>> Yeah.

>> Good.

Rest and rest, please.

Oh, sorry. Hello.

>> Hello, mommy. I'm able to see the screen

on my

>> Oh, sorry. Sorry. Sorry.

Thank you for your feedback.

>> Hello. Hello.

So one more time

students are

>> no

do you have visa issues or

>> got

So

yeah, can you can you see my screen

right?

>> Yes.

>> Thank you. Okay, please record your name

and let me know.

>> Yes.

>> 24

>> 24 Thank you.

27

>> 27

>> 27 Thank you.

>> 25

>> number four.

>> Yes.

>> 23

>> 23

>> 23

>> 25

>> Sorry.

>> 33

>> 33 The last one.

25

>> 25

correct.

>> 172

>> 202

>> 32

>> 32.

Okay.

>> 17,

>> right?

as well.

>> 22 as well. And 26.

>> 26.

>> Okay.

>> 26.

>> Then

>> 21.

>> Yes.

>> Okay. 21

>> and nine.

How many do we have?

One, two, three, four, five, six, seven,

eight, nine. Okay,

so

>> sorry.

>> 10.

>> Yes,

>> 10

here.

The rest here.

>> Yes.

Yes.

16

online students.

You're check

all of you. Okay. Online students.

So,

so who remembers something

about our

Terrorist discussion.

Do you remember any? Nothing.

>> You remember I

>> so

different of

opportunity bases.

startups

and

examples of startup different

>> small businesses. Very good. Thank you.

Thank you. The others remember

something.

Gentlemen, do you have ladies have their

own representative?

What about you?

The same

>> the same.

So

this was our last slide, right?

Yeah, this was our last slide that we

discussed

and learned something about the

difference between certain situation,

risky situation and uncertain situation.

And we discussed that Entrepreneurs

mainly face a risky and uncertain

situation. Right?

So

one of the other economist

uh who to rise entrepreneurship is

called Joseph Sher or Joseph Shiter

right he is the first one he's Austrian

Austrian economist and he for the first

time introduced the concept of

innovation

remember key words that we discussed

with startups was opportunity unities,

creativity,

innovation, something new, right? If

you're going to create a tiny business,

you need to offer something new. How

could you compete with the existing

large established

companies, right? Probably you need to

offer something new and your product or

service or your good or service should

have some level of newness, right? And

Jupiter tried to discuss the newness and

innovation

right or different points of innovation

that enable businesses to create a new

service or product. He identified five

different points of innovation.

Innovation can happen in a product. The

product service good can be new, right?

But it doesn't mean necessarily that

entrepreneur is only about a new product

or service. Right? Sometimes businesses

can offer or use a new marketing for

example a strategy, a new marketing

technique, right? And this is for

example in marketing we have some this

viral marketing, gorilla marketing,

right? Using this 3D pictures nowadays

they're innovative. There are different

that businesses try to use. But this way

of innovation maybe happen in

established companies, not for someone

who going to just create a business just

from scratch and just totally new tiny

business, right? Businesses in large or

established corporations also can

innovate and have their own

entrepreneurial units, right? We call

corporate startups and it's very common.

For example, Zen have their own

corporate startups or corporate ventures

and their job is to develop new product,

new services, new methods, new tools

that Zen can use in their production and

delivery processes, right? And this can

be new organization, new marketing, new

method, new product, a new production

process.

For example, a new production technology

when when production process is new.

Maybe we as end users don't realize it,

right? But sometimes a new technology,

new production technology enable

businesses to develop the product in

lower price in lower lower cost, right?

And then how can we see the influence?

Lower price, cheaper product, right? So

is still some innovation that businesses

can use.