This is the introduction of entrepreneurship

2. • Entrepreneurship is the process of
creating something new of value by
devoting (giving) the necessary time
and effort.
• Process of creating something new and
assuming the risks and rewards.

3. • Entrepreneurship is the act of being an
entrepreneur, which can be defined as "one
who undertakes innovations, finance and
business acumen in an effort to transform
innovations into economic goods".
• The most obvious form of entrepreneurship is
that of starting new businesses (referred as
Startup Company)

4. Who is an Entrepreneur?
Entrepreneur in English is a term applied to a
person who is willing to launch a new venture or
enterprise and accept full responsibility for the
outcome.
An entrepreneur is a person who has
possession of a new enterprise, venture or idea
and is accountable for the inherent risks and the
outcome

5. • It may be distinguished as ability to take
risk independently to make utmost
earnings in the market. It is a creative and
innovative skill and adapting response to
environment of what is real.
• It is the process of planning, organizing,
opportunities and assuming. Thus it is a
risk of business enterprise.

6. • It has assumed super importance for accelerating
economic growth both in developed and developing
countries.
• It promotes capital formation and creates wealth in country.
• It is hope and dreams of millions of individuals around the
world.
• It reduces unemployment and poverty and its a pathway to
prosper.
• Entrepreneurship is the process of searching out
opportunities in the market place and arranging resources
required to exploit these opportunities for long term gains

7. – Innovation or newness – product or service.
– Organizing resources – finance, people, physical
and information resource.
– Creating new product or service.
– Generating wealth
– Taking risk in a business venture.
– Prepared to face uncertainty.
– Create job opportunity
– Increase the abundance of wealth generation for
the nation.

9. • Laying the seed bed for creating new
entrepreneur in various new technologies
such as Bio Technology, Bio Technology
Medicine, Nano Technology , New Material
Technology etc.
• Generation of innovation that leads to the
creation of new product and service.
• Improvisation and modification on existing
product to better suit market and customers’
needs.

10. • In order for Entrepreneurs to thrive in a nation,
the Government must play important role in
creating the kind of business environment that
create the basis for growth, stability and future
success of entrepreneurs.
• Increasing the per capita output and income of
the people of the country.
• Increase in the national output which in turn lead
to greater and stronger economic growth

12. • Opportunity to engage in work of their choice
• Societal Responsibility and Recognition
• Small business owners are among the most admired,
respected and trusted individuals of society
• Opportunity to reap extraordinary profits
• Opportunity to make a Difference
• Opportunity to reach your full potential

13. DRAWBACKS OF ENTREPRENEURSHIP
• Uncertainty of Income
• Risk of losing your entire Investment
• Long hours and hard work
• High level of stress
• Complete Responsibility
• To undertake a business requires a lot of
dedication, discipline and tenacity