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Entrepreneurship: Need and Importance Today
1. ENTREPRENEURSHIP : NEED OF
TODAY
SUBMITTED TO :- DR. SWAPNA PATKER
SUBMITTED BY :- ROSHAN DEVADIGA
2. INTRODUCTION
Derived from French word
‘entreprendre’
It means to undertake or begin
something
An entrepreneur is one who creates a
new business in the face of risk and
uncertainty for the purpose of
achieving profit and growth
3. ENTREPRENEUR &
ENTREPRENEURSHIP
• Entrepreneur is the creator whereas
entrepreneurship is the creation
• An entrepreneur precedes entrepreneurship
• Entrepreneurship is concerned with the
development and coordination of entrepreneurial
functions
• It is based on purposeful and systematic
innovation
6. NEED AND IMPORTANCE
creates job opportunities
causes economic growth
strengthens the currency
innovative & better products
provides strength to small or
complimentary business
7. MYTHS
Entrepreneurs, like leaders, are born,
not made
To be an entrepreneur, one needs
money only
To be an entrepreneur, a great idea is
the only ingredient
One wants to be an entrepreneur as
having no boss is great fun