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Entrepreneurship
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Entrepreneurship

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Entrepreneurship Entrepreneurship Presentation Transcript

  • ENTREPRENEURSHIP Effects on Europe’s Economy
  • WHAT IS ENTREPRENEURSHIP?
    • starting your own business
    • inventing something new
    • a spirit of creative thinking and innovation that embraces an entire organization
  • WHY IS ENTREPRENEURSHIP IMPORTANT?
    • Entrepreneurship creates jobs and reduces unemployment.
    • Research suggests that entrepreneurship provides a positive contribution to economic growth.
    • Entrepreneurship can also play a positive role in delivering health, education and welfare
    • services.
  • ENTREPRENEURSHIP CHALLENGES IN EUROPE
    • Europe ‘s lack of Entrepreneurship negatively impacts its economy.
    • Europe needs more new businesses in order to increase employment and improve economically.
  • EUROPE VS. UNITED STATES
    • Compared to the US, there is less entrepreneurial development in the European Union.
    • Europeans are less involved than Americans in new entrepreneurial initiatives and European businesses do not grow as much as in the US.
  • RISK OF ENTREPRENEURSHIP
    • Some Europeans feel that there are too many risks involved when starting a new business or organization (Entrepreneurship)
    • The risks are…
    • Going bankrupt
    • Losing personal property
  • WAYS TO PROMOTE ENTREPRENEURSHIP
    • Education and training should contribute to encouraging entrepreneurship, by fostering
    • the right mindset, awareness of career opportunities as an entrepreneur.
    • The more Europeans know about starting their own business, increases the likelihood of them becoming an entrepreneur.
  • SUMMARY
    • Although many people in Europe express a preference for being an entrepreneur, many lack the confidence and skills to turn their ambitions into action.
    • Young people should be exposed to entrepreneurship and be supported, along with their educational trainers, in developing entrepreneurship skills.