An entrepreneur is someone who sees opportunities to create new products or services to meet consumer needs and wants in order to earn a profit. They take risks by identifying opportunities, obtaining resources, and managing a business venture. Important aspects of entrepreneurship include identifying opportunities, acquiring capital and resources, starting and growing a business, accepting financial risks, and earning profits or increasing business value. Motivation for entrepreneurial activities is to earn profits.

1. B U S I N E S S
S T U D I E S
ENTREPRENEURSHIP

3. WHAT IS AN ENTREPRENEUR?
• An entrepreneur is someone who sees an
opportunity(ies) and create something new to cater for
consumer needs/ wants in an attempt to make profits,
therefore economic evaluation.
• Persons who were innovative to create something new
by accessing and combining resources that others could
not do.

5. • The brave may not
live forever, but the
cautious do not live at
all!"
Richard Branson
AN
ENTREPRENEUR IS
SOMEONE WHO
TAKES RISKS

7. IMPORTANT ASPECTS OF
ENTREPRENEURSHIP
• Identifying an opportunity
• Getting resources (Capital, labor &equipment)
• Creating and growing a venture
• Taking personal and financial risks
• Reward in the form of profits or increase in value of the
business
• Managing the business

8. 2ENTREPRENEURSHIP BOOKS
TO CONSIDER
BELOW

9. ENTREPRENEURSHIP SUCCESSFULLY
LAUNCHING NEW VENTURES 4TH
EDITION BY CLICK LINK BELOW
DOWNLOAD READ
• https://somolobookle.blogspot.com/0132555522

10. ENTREPRENEURSHIP STARTING AND
OPERATING A SMALL BUSINESS 2ND
EDITION PDF
• https://somolobookle.blogspot.com/0132366002

13. OPPORTUNITY?
• Something you can make money with, develop a
business around it, or create value with it.
• In a business sense, it is an idea that has commercial
potential

14. • OPPORTUNITY SEEKING
• OPPORTUNITIY SCREENING
• OPPORTUNITY SEIZING

15. E N T R E P R E N E U R S H I P I S T H E E M E R G E N C E A N D G R O W T H O F N E W
B U S I N E S S E S .
M O T I V A T I O N F O R E N T R E P R E N E U R I A L A C T I V I T I E S I S T O M A K E P R O F I T S
SUMMARY

16. REFERRENCES
• Biskataya. (2020) Entrepreneurship Successfully Launching New Ventures 4th Edition All
version. Available from SlideShare at
https://www.slideshare.net/biskataya/entrepreneurship-successfully-
launchingnewventures4thedition-238335566?qid=b623e41d-ef2e-4141-a37f-
685e85e9606b&v=&b=&from_search=9 (Accessed 06-09-2020)
• Brikman, Y. (2017) The Truth About Startups: What I wish someone had told me about
entrepreneurship, Silicon Valley, and successful careers. Available from SlideShare at
https://www.slideshare.net/brikis98/the-truth-about-startups-what-i-wish-someone-had-told-
me-about-entrepreneurship-silicon-valley-and-successful-careers?qid=293dbcbc-2797-
4294-bac6-b0e81a7c5e64&v=&b=&from_search=3 (Accessed 06-09-2020)
• Davis, S. (2010) 175 Great Quotes on Business, Entrepreneurship, Marketing and Sales.
Available from SlideShare at https://www.slideshare.net/stephendaviscxo/175-great-
quotes-on-business-entrepreneurship-marketing-and-sales?qid=1cbe8769-2975-4f93-
9f8e-2a9876ad9927&v=&b=&from_search=2 (Accessed 06-09-2020)

17. Rilarivy. (2020) Entrepreneurship Starting and Operating a Small Business 2nd
Edition All version. Available from SlideShare at
https://www.slideshare.net/rilarivy/entrepreneurship-starting-
andoperatingasmallbusiness2ndedition-238346679?qid=66080d80-6bf9-4f38-
87d6-e6d5a83905cc&v=&b=&from_search=12 (Accessed 06-09-2020)
Saguinsin, J. (2011) Opportunity Seeking In Entrepreneurship, Spotting
Business Opportunities. Available from SlideShare at
https://www.slideshare.net/profjorge_entrep/opportunity-seeking-in-
entrepreneurship-spotting-business-opportunities?qid=41a03609-0df0-44d2-
bb16-ba36d47b4682&v=&b=&from_search=8 (Accessed 06-09-2020)