Entrepreneurship-benefits of being entrepreneur, the role of entrepreneurship in economic development- some definitions

1. ENTREPRENEURSHIP

2. DEFINATION
• Entrepreneurship is the attempt to create value through recognition
of business opportunity, the management of risk taking appropriate to
the opportunity and through the communicative and management
skills to mobilize human, financial, and managerial and material
resources necessary to bring project to fruition.
• Entrepreneurship means the function of seeing investment and
production process, raising capital, hiring labor, arranging the supply of
raw materials, finding site, introducing a new technique and
commodities, discovering new sources of raw materials, and selecting
top managers for day- to- day operations of the enterprise.

3. • A.H. COLE defined,
Entrepreneurship as the purposeful activity of an
individual or a group –associated individuals
undertaken to initiate, maintain or aggrandize a
profit oriented business unit for the production or
distribution of economic goals and services.
According to FREDRICK HARBINSON,
Entrepreneurship is the skill to build an organization.

4. What does an Entrepreneur DO ???????

5. ROLE OF ENTREPRENEURSHIP IN
Economic development

6. Contdddd…
• National production
• Balanced regional development
• Dispersal of economic power
• Reinvestment of profits.
• Employment generation
• Harnessing youth vigour.

7. Benefits of Entrepreneurship
• Opportunity to create own destiny
• Opportunity to make a difference
• Opportunity to achieve full potential
• Opportunity to reap impressive profits
• Opportunity to contribute to the society and
recognition.
• Opportunity to do what you enjoy.