Overview of entrepreneurship 1Presentation Transcript
OVERVIEWOFPresented by: JIDE AOGO
DEFINITIONS OF AN ENTREPRENEUR• Derived from French wordEntreprendre• Peter F Drucker: “One whoconsiders the changes thattake place in market as anopportunity to do business”
DEFINITIONS OF AN ENTREPRENEUR• Joseph Schwnpeter :“ Individuals whointroduce somethingNEW in the market oreconomy”
DEFINITIONS OF AN ENTREPRENEUR• New encyclopaedia:“An individual whobears the risk ofoperating business inthe face of uncertaintyabout the futureconditions”
ENTREPRENEURSHIP IS ABOUT• Opportunity identification• Ideas generation• Risk taking (Calculatedrisk)
ENTREPRENEURSHIP IS ABOUT• Wealth creation• MONEY : Cash flow andProfitability
ENTREPRENEURSHIP IS ABOUT• Discipline• Growth and sustainability• Falling and rising
ENTREPRENEURS ARE BORN NOT MADE ?YES OR NO
ENTREPRENEURS ARE BORN OR MADE ?• There is an entrepreneur side of every humanbeing• On a daily basis we are consciously orunconsciously doing either, some or all of these; Conceptualizing Selling Buying Negotiating.
.• Conceptualizing, selling, buying andnegotiating are all rudiments of businesstherefore if we do any of these every now andthen, we may not be wrong to simply say thatby nature every man or woman has businessbasics in him or her.
IT IS IN YOU
IT IS IN YOU• Entrepreneurship is in everybody• In some people the entrepreneur side or whatmay be referred to as an entrepreneurialspirit or nature must be carefully unlocked orpositively energized to manifestentrepreneurship.• One of the objectives of this seminar is tounlock and energize the entrepreneurialnature of everyone in attendance today.