Often young people dream and think about entrepreneurship as a short cut way of being rich and get famous and when challenges start coming in their entrepreneurial journey, they simply quit in between the great expedition. I believe, Social network and digital media channels directly responsible for creating the negative influence of overnight success. Many young entrepreneurs are still missing the right direction because of unaware of dark side of being an entrepreneur.So what it takes to be an Entrepreneur?

1. Entrepreneur
Start

2. Entrepreneur …a visionary
A person who have an idea and dare to start that Idea. Or
A people who have a talent for seeing opportunities and
the abilities to develop those opportunities into profitmaking businesses.
Who believes in:
“It is not in the stars to hold our destiny but in ourselves.”
William Shakespeare
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3. 2
Who is
entrepreneur?

4. 3

5. 4
Types of
Entrepreneurs

6. 5

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10. 9
What drives
entrepreneur?

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Analogy of
Male & Female
entrepreneur?

19. Motivation
18
Cont.
• Achievement- Strive to make
things happen
• Personal independence – self
image as it relate to status
trough their role in the
corporation is unimportant.
• Job satisfaction arising from the
desire to be in control.
• Achievement- Accomplishment
of a goal
• independence – to do it alone

20. 19
Departure Point
Cont.
• Dissatisfaction with present job
• Sideline in college, sideline to
present job, or outgrowth of
present job
• Job frustration
• Discharge or layoff
• Change in personal
circumstances
• Opportunity for acquisition
• Interest in and recognition of
opportunity in the area

21. 20
Source of Funds
Cont.
• Personal assets and savings
• Bank Financing
• Personal assets and savings
• Investors
• Personal loans
• Loans from friends and family

22. Occupational Background
21
Cont.
• Experience in line of work
• Experience in area of business
• Recognized specialist or one
who has gained a high level of
achievement in the field
• Middle-management or
administrative-level experience
in the field
• Competent in variety of
business functions
• Service-related occupational
background

23. Personal Characteristics
22
Cont.
• Opinionated and persuasive
• Flexible and tolerant
• Goal Oriented
• Goal oriented
• Innovative and idealistic
• Creative and realistic
• High-level of self confidence
• Medium-level of self-confidence
• Enthusiastic and energetic
• Enthusiastic and energetic
• Must be own boss
• Ability to deal with the social
and economic environment

24. 23
Background
• Age when starting venture: 2535
• College educated – degree in
business or technical area
(usually engineering)
• Firstborn child
Cont.
• Age when starting venture: 3545
• College educated – degree in
liberal arts
• Firstborn Child

25. 24
Support Group
• Friends, professional
acquaintances (lawyers,
accountants)
Cont.
• Close friends
• Spouse
• Family
• Business associates
• Women’s professional groups
• Spouse
• Trade associations

26. Type of Business
• Manufacturing, technology
or construction
25
• Service related – educational
services, consulting, or
public relations

27. 26
Difference between
Entrepreneur and
Manager

28. 27
Cont.
Motive
The main motive of an entrepreneur is
to start a venture for his personal
gratification
Main motive of a manager is to render
services is an enterprise already set by
someone else.
Status
Owner
Employee
Risk
Assume risk and uncertainty
Manager does not beer any risk involved in
enterprise
Rewards
Profits, which are highly uncertain and
not fixed.
Salary which is certain and fixed.

29. 28
Innovation
Entrepreneur himself thinks over what and
A manager simply executes plans prepared
how to produce goods or service to meet
by the entrepreneur.
the changing needs of the customers.
Hence he acts as innovator/change agent.
Qualification
An entrepreneur needs to possess qualities
A manager needs to possess distinct
and qualifications like high achievement
qualifications in terms of sound knowledge
motive, originality in thinking, foresight,
in management theory and practice.
risk-bearing ability etc.

30. 29
Harsh Reality
Downside of being
Entrepreneur

31. Tons of Mountainous
Challenging Circumstances
aka hurdles to overcome
30
YOU with idea and
tactics to fight with
goliath

32. 31

33. 32
Your working time
never stops.

34. 33
Your family and friends
won't understand,
what you do.

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Upside of being
Entrepreneur

49. 48

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Own Way

54. 53
Be Different

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What it takes
to become an
Entrepreneur?

58. 57

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68. 67
WANT TO BE YOUR
OWN BOSS

69. 68

70. 69
ALWAYS GIVE UP
NEVER TRY AGAIN…
“Get up, Stand up, don’t give up the fight”

71. 70
NEED HELP TO
BUILD YOUR DREAM TO
BECOME YOUR OWN BOSS
Contact us: P: +995 599 382295
Email: info@iedc.ge |Website: www.iedc.ge

72. Thank You!
To Your Success!
Vivek K. Singh | wiweck@gmail.com | +91-81265 95580