Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs. Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand, or a combination of all of these." A broader definition of the term is sometimes used, especially in the field of economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technologies into products and services:"The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation." In this sense, the term "Entrepreneurship" also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.

1. ENTREPRENEURSHIP
By
Laxminarayan Sharma

2. CONTENTS
The entrepreneur
French word origin
Entrepreneurship
What is an opportunity???
The entrepreneurial mindset
Masteries for an entrepreneur
Traits of an entrepreneur: d’s
Traits of an entrepreneur: f’s
Forms of entrepreneurship
Three competencies of the complete entrepreneur

4. Dhirajlal Hirachand Ambani
The Reliance Industries that is the home to such a large population in India, was founded
by him along with his cousin.

5. Ratan Naval Tata
Ratan Naval Tata is an Indian industrialist, investor and a former chairman of Tata Sons
who serves as its chairman emeritus.

6. Nagavara Ramarao Murthy
Nagavara Ramarao Murthy is an Indian IT industrialist and the co-founder of Infosys, a
multinational corporation providing business consulting, technology, engineering, and
outsourcing services.

8. THE ENTREPRENEUR
THE BOSS
THE BUSINESS OWNER
THE RISK TAKER
ONE WHO STARTS A NEW BUSINESS
THE RESOURCEFUL GUY
A person who sets up a business or businesses, taking on
financial risks in the hope of profit.

9. FRENCH WORD ORIGIN
ENTREPRENDRE
- TO DO SOMETHING OR TO UNDERTAKE

10. ENTREPRENEURSHIP
Accordingto GeorgeGlider –
From“TheSpiritof the Enterprise”
“Itismaking theWorldforeverNEW. It istaking
AGGRESSIVEActions.”
AccordingtoJoseph
“It isdestroyingthe oldorder andcreatingnew
ones.”

11. WHAT IS AN
OPPORTUNITY???
A time or set of
circumstances that
makes it possible to do
something.
In a Business Sense, it
is an Idea that has
Commercial Potential.
-Something you can
make money with,
develop a business
around it , or create
value with it.

12. THE ENTREPRENEURIAL
MINDSET
Opportunity seizing
- To do something
Opportunity Screening
- Return Investment
Opportunity Seeking
- attempt to find something.

13. Opportunity Seizing
 "Entrepreneurship is the process of seizing opportunity,
innovating, providing value, acquiring resources, managing
risks, and reaping benefits within the context of ethical
determination."

14. Opportunity Screening
 Do I have the drive to pursue this opportunity to the end?
 Will I spend all my time, effort, and money to make the
business opportunity work?
 Will I sacrifice my existing lifestyle, endure emotional
hardship, and forego my usual comforts to succeed in this
business opportunity?

15. Opportunity Seeking
The ongoing process of considering, evaluating, and
pursuing market-based activities that are believed to be
advantageous for the firm. Prior experience informs the
process, but it may also limit it: opportunity seeking calls
for continuous reconsideration and adaptive learning.

16. MASTERIES FOR AN
ENTREPRENEUR
• Mastery OfSelf
2
• Mastery of The
Enterprise3
1
• Mastery of Opportunity

17. TRAITS OF AN
ENTREPRENEUR: D’S
• Dream
• Determined
• Details
• Decision
• Doer/ Performer
• Distribute
• Destiny
• Devotion
• Dedication

18. TRAITS OF AN
ENTREPRENEUR: F’S
• Founder
• Faith
• Focused
• Fast
• Fun
• Flexible
• Flat
• Forever Improving

19. FORMS OF
ENTREPRENEURSHIP
Social Entrepreneurship
Business Entrepreneurship
Techno Entrepreneurship

20. REASONS WHY DO WE NEED
ENTREPRENEURS???
o 90% of the World’s Jobs are Created By Entrepreneurs.
o Problem Solvers
o Source of New Products and Innovation.
o It’s the Entrepreneurs not the Central Bank that keeps the
ECONOMY moving.

21. THREE COMPETENCIES OF
THE COMPLETE
ENTREPRENEUR
Originato
r
Operato
r
Organize
r
IMPLEMENTER

22. THELAST
THING!!!

23. DON’T
LET
YOUR
DREAM
S
BE
DREAM
S

25. REFERENCE
https://en.wikipedia.org/wiki/Entrepreneurship

26. THANK
YOU