3. Objectives
To know the source of help and support for a startup venture
Develop and strengthen entrepreneurship
Boosting industrial development
Select and formulate the project
Learning the art of product development
4. Importance of Entrepreneurship
development
Eliminate poverty and unemployment
Balance regional development
Reducing industrial slums
Utilizing locally available resources
Refuses social tension
Capital formation economic independence
5. Factors affecting Entrepreneurship
development
Government policies, schemes and Incentives
Business environment and industrial trends
Entrepreneurship courses and training
Social cultural factors
Custom and traditions
Family circumstances
6. Benefits of Entrepreneurship
development
Drives innovation and creativity
Creates jobs
Boosts economic growth
Reduces unemployment
Promotes competition
Generates new ideas and processes
Encourages risk – taking
Contributes to a country’s GDP
7. Conclusion
Entrepreneurship development is a global reawakening that every
nation wants to key into as a means of reducing unemployment and
poverty level, promote wealth creation and empowerment to enhance
economic growth and development.
