Introduction to Enterperenuership and benifit to the goverment by enterprnuer and how enterprenuere sets prices

1. -In a Business
Sense, it is an Idea
that has Commercial
Potential.
Entrepreneurship has traditionally been defined as the process
of designing, launching and running a new business, which
typically begins as a small business, such as a startup company,
offering a product, process or service for sale or hire, and the
people who do so are called 'entrepreneurs'.

2. The BOSS !!!!
• The Business
Owner
• The Risk Taker
• One Who Starts A
New Business
• The Resourceful Guy

3. DID YOU
?KNOW

4. Life is about…Life is about…

5. Listening to yourListening to your
heartheart
TakingTaking calculatedcalculated risksrisks
Creating ValueCreating Value
Realizing yourRealizing your
aspirationsaspirations ……….

6. So isSo is
EntrepreneurshipEntrepreneurship

7. Why
are
Entrepreneurs
Unique ??

8. SomeSome defineddefined their lives..their lives..

10. SomeSome changedchanged the world…the world…

12. Some were inSome were in school…… when
they become Entrepreneur

13. Anshul Samar
Age: 13
Does homework regularly
Plays computer games
Fights with his sister

14. AnAn entrepreneurentrepreneur
Anshul SamarAnshul Samar
CEOCEO, Elementeo, Elementeo
www.elementeo.comwww.elementeo.com

15. Some were inSome were in college……

16. Mark Zuckerberg
Age: 22
Was in a rented apartment
Drives a cycle

17. ……also analso an entrepreneurentrepreneur
Mark ZuckerbergMark Zuckerberg
CEOCEO, Facebook, Facebook
www.facebook.comwww.facebook.com

18. Some soldSome sold garbage…
Still becameStill became millionaires…millionaires…

19. Szaky
Age: 23
CEO, TerraCycle (www.terracycle.net)
Creates Consumer prodcuts taken from
garbage
Revenue: ~$5 million
Coolest entrepreneur of the Year

20. Some started atSome started at Home …

21. Elizabeth Holmes
Age: 21
CEO, Theranos (www.theranos.com)
Deals with Nanotech & Microfluidics
Saves lives from adverse drug reactions

22. Economical Benefits ofEconomical Benefits of
EntrepreneurshipEntrepreneurship

23. Compelling Reasons Why Do WeCompelling Reasons Why Do We
Need Entrepreneurs???Need Entrepreneurs???
• 90% of the World’s Jobs are Created By
Entrepreneurs.
• Problem Solvers
• Source of New Products and Innovation.
• It’s the Entrepreneurs- not the Central Bank
- that keeps the ECONOMY moving.

24. Entrepreneurs Add to National
Income
 Entrepreneurs not only create jobs in their own companies
but also contribute to Improving their local economies
 Government generates taxes.
 Increase GDP.
 Successful entrepreneur generate intentions of
international investors.
 The success of an entrepreneur is ultimately in creating a
product or service that adds value to the lives of its users.
 New Business skills
 Advisors to respective government

25. How does an entrepreneur helpHow does an entrepreneur help
the society?the society?
Donations
Charitable institutions
Sponsorship
Welfare programs

26. Entrepreneur targetedEntrepreneur targeted
pricesprices

27. Setting the pricingSetting the pricing
All prices must cover costs and profits.
The most effective way to lower prices is
to lower costs.
Review prices frequently to assure that
they reflect the dynamics of cost, market
demand, response to the competition, and
profit objectives.
Prices must be established to assure sales

28. When is the right time to reviewWhen is the right time to review
your prices? Do so if:your prices? Do so if:
 You introduce a new product or product line;
 Your costs change;
 You decide to enter a new market;
 Your competitors change their prices;
 The economy experiences either inflation or recession;
 Your sales strategy changes; or
 Your customers are making more money because of your
product or service.

29. Demand Price
 Products usually sold through different sources at
different prices--retailers, discount chains,
wholesalers, or direct mail marketers--are examples
of goods whose price is determined by demand.
 prices are set according to the demand in initial
stages a entrepreneur launch a product or service
with low margin so he or she can captures consumers
interactions towards the specific product

 Demand pricing is difficult to master because you
must correctly calculate beforehand what price will
generate the optimum relation of profit to volume.

30. Competitive Pricing

Compare the offerings and prices your
competitors have set to see where your goods fit
into the existing market. But don't just focus on
price because small businesses often can't
compete on price along and be viable in the long
term. Look at your internal processes, and
determine where you can add value without
adding cost. Added value enables you to promote
those aspects to your customers and price your
products more profitably.

31. Ali express launchesAli express launches
VR glasses forVR glasses for
shopping in 3D asshopping in 3D as
VR glasses wereVR glasses were
already introduced,already introduced,
They set higherThey set higher
prices as a resultprices as a result
there sale is morethere sale is more
then thethen the
competitorscompetitors

32. THE ENDTHE END