There are four prerequisites for developing entrepreneurship: an open social structure, appropriate attitudes, adequate support programs, and a stable government. Entrepreneurship can be developed by focusing on the human factor through training programs, or through government interventions to create an environment where businesses can thrive. Common approaches to entrepreneurship development include selective targeting of individuals, broad training programs, using intermediaries to promote entrepreneurship, and sector-specific interventions like training, consultancy, and industry support. The development cycle involves stimulating potential entrepreneurs, providing support for new businesses, and sustaining entrepreneurship over the long term.

1. ENTREPRENEURSHIP
DEVELOPMENT AND
TRAINING

2. • There are essentially four major pre-requisites for the creation of a climate for
entrepreneurship. These are
• (a) An open and competitive social structure,
• (b) Development of an appropriate attitude and behaviour among individuals in
society; (c) Provision and extension of adequate support programmes for the
enterprise and the entrepreneur; and
• (d) The presence of a stable and good Government.

3. APPROACHES TO ENTREPRENEURSHIP
DEVELOPMENT
• Entrepreneurship development in terms of method and coverage is the
formulation of strategies or courses of action to be adopted in the promotion of
entrepreneurship. Before an approach is selected, two major points of view for
developing entrepreneurship should be considered:
• a) Entrepreneurship is generated through the development of the human factor -
the entrepreneur himself.
• b) Entrepreneurship is stimulated through Government interventions, like policy
measures for the creation of an environment where entrepreneurial activities can
flourish and grow.

4. Development of the human factor is carried out in three dimensions.
a)The first is the cultivation of the attitude or desire for achievement
in the individual.
b) the second is the development of capabilities to perceive future
environmental changes.
c) the third is to acquire skills and abilities to solve problems, which
are likely to occur in the future

5. Entrepreneurship in developed by way of four commonly
used methods:
• A) The selective method
• B) The shotgun approach
• C) The multiplier method
• D) Intervention as an approach

6. THE SELECTIVE METHOD
• The selective method involves the identification and selection of individuals with
latent aptitudes and appropriate attitudes towards entrepreneurial career's. Such
persons are considered as desirable receivers or beneficiaries of entrepreneurship
development programmes. This approach presumably increases the chances of
success of the development scheme.

7. THE SHOTGUN APPROACH
• The shotgun approach may be described as a multi directional approach, but it
requires coordination and integration efforts. The result therefore can either be a
hit or a miss. There may be an attempt to develop programmes, but there is a
lack of operational machinery to carry them out effectively and thoroughly. This
resulted in a duplication of efforts on the one hand, and unsatisfied needs of
small enterprises on the other.

8. THE MULTIPLIER METHOD
• The multiplier method involves intermediaries or catalysts of change - trainers,
extension officers, consultants etc. These intermediaries propagate and promote
entrepreneurship through their respective functions, which in turn trigger off a
chain of events leading to the development of entrepreneurship .

9. INTERVENTION AS AN APPROACH
• Intervention as an approach involves introduction of concrete activities or specific
interventions to develop and promote entrepreneurship. These activities could be
one of the following:
• (a) Training
• (b) Consultancy, and
• (c) Sectoral Intervention.

10. TRAINING
• The initial and most basic requisite for developing entrepreneur is awareness
development. Through this intervention the target public develops a keener
awareness of the business environment and an understanding that opportunities
can be translated into income generating realities.
There are three important components of entrepreneurship training:
• A) Achievement motivation
• B) Support system
• C) Management skill Development

11. CONSULTANCY
• Consultancy as defined by MKubr as "the service provided by an independent and
qualified person or persons (an organization) in identifying and investigating
problems concerned with strategy, organizational procedures, and methods
recommending appropriate actions and helping to implement these
recommendations .”
• Consultancy begins when an entrepreneur, seeks the advice of a consulting
organization or when field consultants visit a small firm and makes contact with
the owner-manager

12. SECTORAL INTERVENTION
• As a vehicle for developing entrepreneurship, sectoral intervention, singles out a
particular sector or industry for development. On the basis of its potential and
contribution to the economy, an industry is identified and is then provided with
all kinds of assistance it needs:
• finance, training, marketing and technology.
• An important part of sectoral development however, is the setting up of industry
desks manned by consultants. These desks serve as media or channels to facilitate
the disseminations of technical and process information required by
entrepreneurs in the selected growth industry.

13. ENTREPRENEUR DEVELOPMENT CYCLE
Stimulatory
• Entrepreneurial Education.
• Planned publicity for entrepreneurial opportunities.
• Identification of potential entrepreneurs through scientific methods.
• Motivational training to new entrepreneurs.
• Help and guidance in selecting products and preparing project reports. J
• Making available techno-economic information and product profits.
• Evolving locally suitable new products and processes.
• Availability of local agencies with trained personnel for entrepreneurial counselling and promotions.
• Organizing entrepreneurial forum.

14. SUPPORT
• Registration of unit
• Arranging finance
• Providing land, shed, power, water, etc
• Guidance for selecting and obtaining machinery
• Supply of scarce raw materials
• Getting licenses/import licenses
• Providing common facilities
• Granting tax relief or other subsidies
• Offering management consultancy
• Help marketing product

15. SUSTAINING
• Help modernization
• Help diversification/ expansion/substitute production
• Defining repayment/interest
• Define repayment/interest
• Diagnostic industrial extension/consultancy source
• Production units’ legislation/policy change reservation/Creating new avenues for marketing
• Oath testing and improving services
• Need-based control facilities centre