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Innovating Entrepreneurs: Characteristics, Process & Myths
1.
2. Increasing national production,
Offering challenging career option,
Balanced area development,
Commercializing new inventions & products,
Making markets more competitive,
Making society ‘ENTERPRISING’.
5. Incubates new ideas,
Identifies new opportunities,
Has a high initiative,
Is achievement oriented,
Risk manager,
High orientation to problem solving,
Has faith, commitment & quality of
persistence,
High degree of self-confidence & loves
independence.
6. Sensing an entrepreneurial opportunity,
Converting ideas into reality,
Developing the business plan,
Resourcing,
Establishing an enterprise,
Managing the enterprise,
Growth & development,
8. Entrepreneurs Gamblers,
Entrepreneurs are born,
Entrepreneurs are high-tech professionals,
Entrepreneurs have to be rich,
Entrepreneurs should have a good knowledge of
English.
10. Entrepreneurship
a. Entrepreneurship necessarily
involves the task of sensing
opportunities & innovating
products & services.
b. All Entrepreneurs are self-
employed.
c. Entrepreneurship is the
terminal stage of
entrepreneurial growth.
Self-Employment
a. Self-employment refers
to full time involvement
in own occupation in
which one may or may
not innovate a product
of service.
b. All Self-employed
persons may not
necessarily be
entrepreneurs.
c. Self-employment is the
middle stage of
entrepreneuria growth.