Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand, or a combination of all of these."
A broader definition of the term is sometimes used, especially in the field of economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technologies into products and services:"The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation." In this sense, the term "Entrepreneurship" also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.
2. CONTENTS
The entrepreneur
French word origin
Entrepreneurship
What is an opportunity???
The entrepreneurial mindset
Masteries for an entrepreneur
Traits of an entrepreneur: d’s
Traits of an entrepreneur: f’s
Forms of entrepreneurship
Three competencies of the complete entrepreneur
3.
4. Dhirajlal Hirachand Ambani
The Reliance Industries that is the home to such a large population in India, was founded
by him along with his cousin.
5. Ratan Naval Tata
Ratan Naval Tata is an Indian industrialist, investor and a former chairman of Tata Sons
who serves as its chairman emeritus.
6. Nagavara Ramarao Murthy
Nagavara Ramarao Murthy is an Indian IT industrialist and the co-founder of Infosys, a
multinational corporation providing business consulting, technology, engineering, and
outsourcing services.
7.
8. THE ENTREPRENEUR
THE BOSS
THE BUSINESS OWNER
THE RISK TAKER
ONE WHO STARTS A NEW BUSINESS
THE RESOURCEFUL GUY
A person who sets up a business or businesses, taking on
financial risks in the hope of profit.
11. WHAT IS AN
OPPORTUNITY???
A time or set of
circumstances that
makes it possible to do
something.
In a Business Sense, it
is an Idea that has
Commercial Potential.
-Something you can
make money with,
develop a business
around it , or create
value with it.
13. Opportunity Seizing
"Entrepreneurship is the process of seizing opportunity,
innovating, providing value, acquiring resources, managing
risks, and reaping benefits within the context of ethical
determination."
14. Opportunity Screening
Do I have the drive to pursue this opportunity to the end?
Will I spend all my time, effort, and money to make the
business opportunity work?
Will I sacrifice my existing lifestyle, endure emotional
hardship, and forego my usual comforts to succeed in this
business opportunity?
15. Opportunity Seeking
The ongoing process of considering, evaluating, and
pursuing market-based activities that are believed to be
advantageous for the firm. Prior experience informs the
process, but it may also limit it: opportunity seeking calls
for continuous reconsideration and adaptive learning.
20. REASONS WHY DO WE NEED
ENTREPRENEURS???
o 90% of the World’s Jobs are Created By Entrepreneurs.
o Problem Solvers
o Source of New Products and Innovation.
o It’s the Entrepreneurs not the Central Bank that keeps the
ECONOMY moving.
