PHASES OF ENTREPRENEURSHIP

2. PHASES OF
ENTREPRENEURSHIP
ASISHA J.S.

3. 1. SENSITIZING
2. TRAINING
3. QUALIFICATION
4. COACHING

4. SENSITIZING
 It refers to the preservation and
stimulation of faculties of creativity
and initiative to mobilize and
encourage students for new business
formation as a career prospect.

5. Students should be informed about
opportunities, challenges and risks of
entrepreneurship, enterprise
formation and self employment.
This can be imparted by guest lectures
by experienced entrepreneurs,
excursions to successful startups,
ideas, contests, entrepreneur speed-
dating events.

6. Training
Entrepreneurship training offers
the essential skills including drafting
business plans, finance, accounting,
project management and
intellectual property management,
which includes protection with
patents and copyrights.

7. Qualification
Students should attain qualification to
take the challenges and risks of
entrepreneurship, enterprise formation
and self employment.
They should have skills in drafting
business plans, finance, accounting,
project management, intellectual
property management.

8.  In many countries like Malasia,
highly qualified University
lectures must have minimum of a
PhD degree.
 In many African countries,
minimum qualification is
Masters’ degree.

9.  There is wide believes among
educational researchers that
improving lecture’s quality is the
number one way to improve the
quality of students in educational
institutions.

10.  The rationale behind this idea is that
lecturers' quality is adjustable factors
that can be improved through
education and training.
 Highly educated lectures are indeed
more successful lecturers in terms of
student outcomes.
 There is a positive relationship
between lecturers’ level of education
and their teaching performance.

11. Training and qualification can
be offered by qualified lectures
and coaches in business plan,
seminars and entrepreneurship
workshops.

12. Coaching
Business take off in post formation
period requires support and networking.
Support activities include business plan
and coaching.
Networking activities focus on the
arrangements of contacts to partners-
financial institutions, venture capitalists,
business angles-legal supporters such as
patent attorneys, auditors and
accontants.

13. THANK YOU