Entrepreneurship Definition of entrepreneurship 10 D’s of Good Entrepreneur Types Of Entrepreneurship Characteristics of entrepreneurship Importance Barrier to Entrepreneurship Internal and External Factor of Entrepreneurship

1. Entrepreneurship
M. USAMA RAUF
17581556-050

2. Content Table
1. Defination
2. 10 D’s of Good Entrepreneur
3. Types Of Enterpenurship
4. Characterstics
5. Importance
6. Barrier to Entrepreneurship
7. Internal and External Factor of Entrepreneurship

3. Concept of Entrepreneurship
Entrepreneurship is the ability and readiness to develop, organize and run a
business enterprise, along with any of its uncertainties in order to make a
profit. The most prominent example of entrepreneurship is the starting of new
businesses.

4. Defination of Entrepreneur
The entrepreneur is defined as someone who has the ability and desire to
establish, administer and succeed in a startup venture along with risk entitled
to it, to make profits. The best example of entrepreneurship is the starting of a
new business venture. The entrepreneurs are often known as a source of new
ideas or innovators and bring new ideas in the market by replacing old with
an invention.

5. 10 D’s of Good Entrepreneur
1. Dream
2. Decisiveness
3. Doers
4. Determination
5. Dedication
6. Devotion
7. Details
8. Destiny
9. Dollars
10. Distribute

6. Types of Entrepreneurship

7. Small Business
Entrepreneurship
THESE BUSINESSES ARE A
HAIRDRESSER, GROCERY STORE,
TRAVEL AGENT, CONSULTANT,
CARPENTER, PLUMBER, ELECTRICIAN,
ETC. THESE PEOPLE RUN OR OWN
THEIR OWN BUSINESS AND HIRE
FAMILY MEMBERS OR LOCAL
EMPLOYEE. FOR THEM, THE PROFIT
WOULD BE ABLE TO FEED THEIR
FAMILY AND NOT MAKING 100
MILLION BUSINESS OR TAKING OVER
AN INDUSTRY. THEY FUND THEIR
BUSINESS BY TAKING SMALL
BUSINESS LOANS OR LOANS FROM
FRIENDS AND FAMILY.

8. Scalable Startup
Entrepreneurship
THIS START-UP ENTREPRENEUR
STARTS A BUSINESS KNOWING THAT
THEIR VISION CAN CHANGE THE
WORLD. THEY ATTRACT INVESTORS
WHO THINK AND ENCOURAGE
PEOPLE WHO THINK OUT OF THE
BOX. THE RESEARCH FOCUSES ON A
SCALABLE BUSINESS AND
EXPERIMENTAL MODELS, SO, THEY
HIRE THE BEST AND THE
BRIGHTEST EMPLOYEES. THEY
REQUIRE MORE VENTURE CAPITAL
TO FUEL AND BACK THEIR PROJECT
OR BUSINESS.

9. Large Company
Entrepreneurship
THESE HUGE COMPANIES HAVE DEFINED
LIFE-CYCLE. MOST OF THESE COMPANIES
GROW AND SUSTAIN BY OFFERING NEW AND
INNOVATIVE PRODUCTS THAT REVOLVE
AROUND THEIR MAIN PRODUCTS. THE
CHANGE IN TECHNOLOGY, CUSTOMER
PREFERENCES, NEW COMPETITION, ETC.,
BUILD PRESSURE FOR LARGE COMPANIES TO
CREATE AN INNOVATIVE PRODUCT AND SELL
IT TO THE NEW SET OF CUSTOMERS IN THE
NEW MARKET. TO COPE WITH THE RAPID
TECHNOLOGICAL CHANGES, THE EXISTING
ORGANIZATIONS EITHER BUY INNOVATION
ENTERPRISES OR ATTEMPT TO CONSTRUCT
THE PRODUCT INTERNALLY.

10. Social
Entrepreneurship
THIS TYPE OF
ENTREPRENEURSHIP FOCUSES ON
PRODUCING PRODUCT AND
SERVICES THAT RESOLVE SOCIAL
NEEDS AND PROBLEMS. THEIR
ONLY MOTTO AND GOAL IS TO
WORK FOR SOCIETY AND NOT
MAKE ANY PROFITS.

11. Characteristics of
Entrepreneurship Ability to take a risk
 Innovation
 Visionary and Leadership quality
 Flexible
 Know your Product
 Open-Minded
Characterstics

12. Importance of Entrepreneurship
 Creation of Employment
 Innovation
 Impact on Society and Community Development
 Increase Standard of Living
 Competition Intensity
 Supports research and development

13. Barrier to Entrepreneurship
Lack of viable concept
Lack of market Knowledge
Lack of technical Skills
Lack of seed capital
Lack of business knowhow
Complacency- lack of motivation
Social Stigma
Time presence and distractions
Legal Constraints and regulations

14. Internal and External Factors of
Entrepreneurship
Internal Factors of Entrepreneurship
 Technological capacity
 Financial management
 Employee morale
 Management systems
 Organizational culture
External Factors of Entrepreneurship
 Industry itself
 Political interference
 Competition
 The economy
 Natural disasters

15. References:
• Audretsch, D. B., Grilo, I., Thurik, A. R. (eds). The Handbook of Research on Entrepreneurship Policy.
Cheltenham, UK: Edward Elgar, 2007.Key reference: [3]
• Thurik, A. R., Carree, M. A., van Stel, A. J., Audretsch, D. B. "Does self-employment reduce
unemployment?" Journal of Business Venturing 23:6 (2008): 673–686.Key reference: [4]
• Koellinger, P. D., Thurik, A. R. "Entrepreneurship and the business cycle" Review of Economics and
Statistics 94:4 (2012): 1143–1156.Key reference: [5]
• Henrekson, M., Sanadaji, T. "Small business activity does not measure entrepreneurship" Proceedings of the
National Academy of Sciences of the United States of America 111:5 (2014): 1760–1765.Key reference: [6]
• Parker, S. C. (ed). Entrepreneurship in Recession. Cheltenham, UK: Edward Elgar, 2011.Key reference: [7]
• Parker, S. C. "Theories of entrepreneurship, innovation and the business cycle" Journal of Economic
Surveys 26:3 (2012): 377–394.Key reference: [8]
• Parker, S. C. "Entrepreneurship and the business cycle: Evidence and implications for policy-makers" In:
Braunerhjelm, P. (ed). Entrepreneurship, Norms and the Business Cycle. Örebro, Sweden: Swedish
Entrepreneurship Forum, 2012.Key reference: [9]