2. Entrepreneur..
“An entrepreneur is the person
who takes risks and start
something new.”
Entrepreneurship
entrepreneurship is the process of identifying and starting a new business venture,
sourcing and organizing the required resources, while taking both the risks and
rewards associated with the venture.
3. What are the Entrepreneurial
Characteristics, skills…
4. Characteristics of an Entrepreneur…
Confidence
• Risk taker
• Self confident
• Positive
• Persuasive
Flexibility
• Flexible
• Adaptive
• Change is an
opportunity
• Tolerates ambiguity
Competition
• Competitive
• Takes initiative
• Goal-driven
Core values
• Trustworthy
• Honest
Drive
• Highly
motivated
• High energy
• Determined
• Persevering
Problem-solving
• Problem solver
• Creative
• Innovative
• Imaginative
• Learns from failure
The farmer
entrepreneur
5. Entrepreneurial skills
Ability to plan
Marketing
Interpersonal skills
Personal effectiveness
Team building skills
Leadership skills
Communication skills
Self confidence, etc.
6. 6
Personal Qualities of Successful Entrepreneurs
Creativity
6.2 %
Personality
10.4 %
Need for Achievement
10.4 %
Leadership
12.5 % Risk Taking
16.7 %
Energy
43.8 %
7. STAGES OF EFFECTIVE ENTREPRENURIAL DEVELOPMENT
Awareness
Acceptance
Vision building
Business planning
Learn from direct experience
Empowerment
8. STAGES OF EFFECTIVE ENTREPRENURIAL DEVELOPMENT
Stage of
development
In this stage, the farmer
Awareness Examines who he is, clarifies
his values, personality,
motivations, capabilities and
personal resources. He becomes
consciously aware of who he is
and what he has.
Acceptance Identifies, recognizes and accepts
his strengths and weaknesses
Vision building Sets long-term goals for himself
and his farm business
Business planning Develops a business plan and
action plan to achieve his vision
Learn from direct
experience
Implements the plan, reflects on
the results to learn from the direct
experience
Empowerment Becomes empowered; the
competencies acquired match
his personal strengths and
weaknesses and his goals
9. ENTREPRENEURIAL SKILLS DEVELOPMENT PROGRAMMES
Personal Development
Goal Setting
Time Management
Team Building
Goal Setting :
Goal setting is a powerful process for thinking about your ideal future, and for motivating yourself
to turn your vision of this future into reality.
Time Management:
Time management is the act or process of planning and exercising conscious control over the
amount of time spent on specific activities, especially to increase effectiveness,
efficiency or productivity
10. Ability to identify and motivate individual employees to form a team
that stays together, works together, and achieves together.
Team Building:
Business Development
Setting out the Critical Path
Managing the Process and Reducing Risk
Business Planning
Setting out the Critical Path:
Longest sequence of activities in a project plan
Managing the Process and Reducing Risk:
Managing the whole process & taking precautionary measures to reduce
the likelihood of a loss, or to reduce the severity of a possible loss, for example,
installing a security system.
11. Testing the viability of a project or organization by predicting income and expenditure over a
period of time.
Business Planning
Marketing Principles
Market Research
Market Segmentation
Product, Price, Place & Packaging
Market Research:
The process of assessing the viability of a new product or service through techniques
such as surveys, product testing and focus groups.
Market Segmentation:
Market segmentation is a marketing strategy that involves dividing a broad target market into
subsets of consumers who have common needs and priorities, and then designing and
implementing strategies to target them.
12. Product, Price, Place & Packaging:[4P]
Finance
Calculating Start-Up Needs
Need of Capital
Cash flow & Profitability Issues
Calculating Start-Up Needs:
This calculator will tabulate your business startup costs including legal fees, office
supplies and equipment, marketing costs.
Need of Capital:
Four major controllable factors of any marketing mix.
Factors of production that are used to create goods or services and are
not themselves in the process.
13. Cash flow & Profitability Issues:
Technology & Quality
Introduction to E-Business
IT for Start-Ups
Quality Standards
Introduction to E-Business:
e-Business is the term used to describe the information systems and applications that
support and drive business processes, most often using web technologies.
IT for Start-Ups:
Quality control, or QC for short, is a process by which entities review the quality of all factors involved in
production.
Quality Standards:
The ability to pursue rapid, profitable growth is essential to start-up or spin-off businesses.
Incomings and outgoings of cash, representing the operating
activities of an organization. And Profitability is the primary goal of all
business ventures. Without profitability the business will not survive in the long run.
14. Compliance with Legislation
Business Structures
Taxation & Returns
Business Structures:
Taxation & Returns:
A business, also known as an enterprise or a firm, is an organization involved in the trade of
goods, services, or both to consumers or to other businesses.
a declaration of personal income made annually to the tax authorities and used as a basis for
assessing an individual's liability for taxation.
15. Lack of training
facilities
Lack of financial
support
Lack of support services
& trained extension staff
Marketing
constraints
Social barriers
Poor or absent
infrastructure
Unsupportive legal &
regulatory
framework
Barriers to Entrepreneurship
