A Slide share in Entrepreneur

1. ENTREPRENEUR
SHIP
A GUIDE

2. The word “entrepreneurship” is derived from the French verb enterprendre,
which means “to undertake”. This refers to those who “undertake” the risk
of new enterprises. An enterprise is created by an entrepreneur. The
process of creation is called “entrepreneurship
(www.yourarticlelibrary.com).
Entrepreneurship is one of the resources economists categorize as integral to
production; the three resources are land / natural resources, labor and capital.
An entrepreneur combines these three to manufacture goods or provide
services. They typically create a business plan, hire labor, acquire resources and
financing, and provide leadership and management for the business
(www.investopedia.com).

3. OVERVIEW OF ENTREPRENEURSHIP
Entrepreneurship is…
• The act of creating a business while building and scaling it to generate a profit.
• An important driver of economic growth and innovation.
• What people do to take their career and dreams into their hands and lead it in the
direction of their own choice.
• About building a life on your own terms. No bosses. No restricting schedules. And
no one holds you back.

4. OVERVIEW OF ENTERPRENEUR
An entrepreneur is…
• A person who sets up a business with the aim to make a profit and create a
new business, bearing most of the risks and enjoying most of the rewards.
• An innovator, a source of new ideas, goods, services and
business/procedures.
• Playing a key role in any economy, using the skills and initiative necessary to
anticipate needs and bring good new ideas to market.

5. Note:
Understanding what an entrepreneur is can help more help recognize the value they contribute
to the world. Entrepreneurs take the idea and execute it while entrepreneurship is about
execution of ideas.

6. RELEVANCE OF
ENTREPRENEURSHIP TO SHS
STUDENTS
Importance of Entrepreneurship
(www.reference.com)

7. 1. Entrepreneurship generates new wealth in an economy.
2. Entrepreneurship decreases poverty.
3. It creates opportunities, ensure social justice, instills confidence and stimulates
the economy.
4. Entrepreneurship improves productivity.
5. Entrepreneurs create jobs.
6. Entrepreneurs innovate.
7. Entrepreneurs create innovation and social change.
8. Entrepreneurs give to society.

8. Relevance of entrepreneurship to
SHS Students
(www.europeentrepreneuship.com)

9. 1. To prepare students for livelihood even before college.
2. Entrepreneurship educate aids students from all socioeconomic backgrounds to think outside
the box and nurture unconventional talents and skills.
3. Entrepreneurship develops their initiative and helps them to be more creative and self-
confident in whatever they undertake and to act in a socially responsible way.
4. It exposes students to numerous opportunities to learn how to think critically and analyzes
the pieces on the board.
5. Being aware of all the important factors and seeing how they affect each other is the
foundation of the smart decision-making process.
6. Students have to be exposed to real world examples and learn from their own experiences .
7. Entrepreneurship education requires students to be innovative, creative and collaborative
with others.
8. Entrepreneurship education provides bidding entrepreneurs with the skills and knowledge to
come up with business ideas and develop their own venture.

10. Embarking on the entrepreneurial career
path to “being your own boss” is exciting. But
along with all your research, make sure to do
your homework about yourself and your
situation (www.investopedia.com)

11. A few questions to ask yourself (www.investopedia.com)
 Do I have the personality, temperament, and mind-set of taking on the
world on my own terms?
 Do I have the required ambiance and resources to devote all my time to my
venture?
 Do I have the required network to seek help and advice as needed?
 Have I identified and built bridges with experienced mentors to learn from
their expertise?
 Have I identified my target customer base for the initial phase?
 Have I identified sales and distribution channels?
 Who are the finding sources I may need to approach to make this big?
 What technical infrastructure do I need?