Entrepreneurship involves creating something new of value by devoting time and effort while assuming risks and rewards. It is the act of being an entrepreneur, which means undertaking innovations and business skills to transform innovations into goods. Entrepreneurs are willing to launch new ventures and accept responsibility for outcomes. They organize resources to identify and exploit opportunities. Entrepreneurship promotes economic growth by creating jobs, wealth, and innovations.

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