An entrepreneur is defined as someone who sets up a business or enterprise and takes risks in order to achieve profits and growth. They identify opportunities and assemble resources to capitalize on them. Key characteristics of entrepreneurs include a desire for responsibility, risk-taking, confidence, and a future orientation. Entrepreneurship provides employment, distributes wealth more widely, stimulates innovation and economic development. Factors that support entrepreneurship include education, infrastructure, access to financing, and policies that promote and protect new businesses.

2. Workshop on Entrepreneurship Prepared from the works of good hearted people who ventured to document their experience and findings Entrepreneurship

10. Entrepreneurship Advantages of Entrepreneurship

17. Comparison of Traditional Managers, Entrepreneurs and Intrapreneurs Entrepreneurship Management Traditional Managers Entrepreneurs Intrapreneurs Primary motives Perks and promotion Self-employment, satisfaction and money Creative freedom and recognition Time Orientation Short-term – meeting quotas and budgets; weekly, monthly, quarterly and the annual planning horizon Short-term –business establishment; Long-term – growth of business Tend to follow the middle path

18. Entrepreneurship Management Traditional Managers Entrepreneurs Intrapreneurs Activity Delegates and supervises Direct involvement Direct involvement , not merely delegation Risk Careful Moderate risk taker Moderate risk taker Monetary Risk Nil High Nil Status Concerned about status Not concerned about status Not concerned about traditional status Failure and mistakes Tries to avoid mistakes Deals with mistakes and failures Attempts to hide risky projects from view until ready

19. Entrepreneurship Traditional Managers Entrepreneurs Intrapreneurs Decisions Like to take their own but unable to disagree with superiors Follows dream with decisions Able to get others to agree to help achieve their dreams Serves who? Others Self and customers Self, customers, and sponsors Family history Family members worked for large organizations Entrepreneurial small-business, professional Entrepreneurial small-business, professional Relationship with others Hierarchy as basic relationship Transactions and deal-making as basic relationship Transactions within hierarchy