to our presentation on
Name Registration no.
Md. Salman Hossain 2009731004
Md. Shuhel Ahmed 2009731006
Md. Tanbir Hasan Chowdhury 2009731037
Mufti Tamimul Quamar Ahmed 2009731064
4th year 1st semester, BBA program
Dept. of Business Administration
Shahjalal University Of Science & Technology,
The word entrepreneur has come from the France word
“entreprendra”which means to undertake, to pursue
opportunities to fulfill needs and wants through innovation to
In the year 1725 the word entrepreneur was first brought into
economics by a social scientist named Richard cantilion.
According to Joseph Schumpeter - “An entrepreneur is a
person who is willing and able to convert a new idea or
invention into a successful innovation. “
So we can say, entrepreneurship is a process of giving birth
to an enterprise and entrepreneurship development process
ensures all the factors to establish and keep that enterprise
To develop entrepreneurship following important
factors should be considered:
1. Personal factors:
personal factors are of various types such as ability to
cope with the situation,age,education,personality,intra-
Environmental factors are consists of as followings
Socio-Cultural: factors Religions, values, rural
urban orientation, marginality, education, traditions
political and Legal factors: Government policies,
rules and laws relating to the industry and business.
Institutional factors: it emerges from financial
institution, training and development institutions,
consulting farms etc.
Micro: the enterprise itself ,suppliers,
intermediaries, customers, competitors, publics,etc.
Macro: Demographic, economic, physical,
technological, political/legal, cultural/social, etc.
4. Venture capital
5.Experienced entrepreneurs and incubator
6. Technically skilled labor force
7. Suppliers’ accessibility
8. Favorable government policy
The essence of the term lies in the perception and
exploration of new opportunities in the realm of business.
there is a paramount importance of developing
entrepreneurship in a series of sequential steps. These
1. Decide to be an Entrepreneur:
A person who has decided to become an entrepreneur
has to consider and analyze the following factors:-
Strengths and weakness of the decision
Continuation of the business or establishment of new
Products and services choice that best fit with strengths
and weaknesses as well as desires.
Ask people to find out what their needs are
Modify the products for better satisfaction of
observe changing life style of people and
have exclusive thought about what products
and services they would desire
study new products or services
travel around to find out new products,
services and ideas.
To prepare a business plan the following
factors should be considered
Market research for the planned products and
Forecasting the share of markets
selection of a site for the planned business
development of production, marketing,
personnel and financial plans
decision to design the form of organization
Decisions on records and reports
Development of insurance plan
It is necessary to mobilize resources after
preparing the business plan. The activities which
should be followed are
identifications of various types of resources like
physical, human, financial etc.
Identification of the source of resources
Negotiation about the terms and conditions
related to the required resources
Assessment of cost and benefits of the resources
which will be mobilized
Acquiring the resources
Allocating the resources
It is the most important step for developing
entrepreneurship. Here the following factors
must have to consider strictly
Registration of the enterprise
Hire, lease or purchase required land,
building, machinery, etc
arrangements of additional facilities like
electricity, water supply, etc.
recruit and train personnel
develop work and information system.
For ensuring the proper management of the enterprise,
entrepreneur should accomplish the following task:
Formulating plans relating to production, marketing,
Organizing people, materials, machinery,etc.
Leading, directing, supervising, etc.
controlling the input, behavior and output.
7. Managing the Growth
identification of growth opportunities
Evaluation of the opportunities
formulation of strategy for further improvement
Mobilizing resources necessary for the growth strategy
Monitoring the growth strategy and activities
According to the idea of Akhoure in 1977,three types
of works can help entrepreneurship development in a
Stimulatory Activities: Supporting Activities
It includes those efforts which
help and encourage
creating and establishing
identification of potential
motivational training to
new entrepreneurs, etc
These activities are those
which enable entrepreneurs
to set up and run their
enterprises efficiently. Like
Registration of enterprise
Guidance for selecting and
These kind of activities help
entrepreneurs to sustain/survive
their enterprises from the challenges
of actual operations. These activities
are as follows:
help in modernization
help in diversification
Additional financing for full capacity
Quality testing etc.
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