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Entrepreneurship

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Entrepreneurship

  1. 1. Entrepreneurship
  2. 2. What is “Entrepreneurship”? ● Process of designing, launching and running a new business. ● It can begin as a small business, such as a startup company. ● Offering a product, process or service for sale or hire. ● Taking risk for your own survival and many other lives too. ● Mode of creating jobs not only by hiring them but also creating a new demand.
  3. 3. Why be an entrepreneur?
  4. 4. Why did you take up this career path? A specific interest in your field or just a 9 - 5 job and financial security?
  5. 5. Work for No One But Yourself “If you don’t build your dream, someone will hire you to help build theirs.” – Tony Gaskins
  6. 6. ● Do what you want, when you want ● There is no limit to how much you can grow with investing ● Work for your own dream ● Take responsibility ● Work for your devoted employees, you need to take care of
  7. 7. But.... Risk taking is almost synonymous with entrepreneurship.
  8. 8. So are you ready...
  9. 9. 1. Abandoning the steady paycheck. Before you venture into the world of business ownership, you’ll first have to say goodbye to your current job, and in some cases, your career. But for most starting entrepreneurs, the choice is a risky plunge. There’s no guarantee of your personal income, especially in the beginning.
  10. 10. 2. Sacrificing personal capital, for funding Some entrepreneurs are able to start their ventures relying solely on external funding. That usually means a collection of angel investors, results from crowdfunding campaigns, etc. But many entrepreneurs also have to dive into their own bank accounts and personal savings to get things started.
  11. 11. 3. Estimating popular interest. No matter how much research you do or how many tests you complete, you’ll never be able to estimate popular interest in your business with perfect accuracy. People are somewhat unpredictable. Even when all the data appears to be in your favor, you may overestimate the interest in your company.
  12. 12. 4. Trusting a key employee. When you first start a business, you won’t have a full team of employees working for you. Instead, you’ll probably have a small, tight-knit group of people working tirelessly together in an effort to get things up and running. It is important to trust the right people.
  13. 13. 5. Failure You may put in all that you have, only to end up with no results. Or the results may take so long to come that you lose all hope, end up with no money. You may run into loses for months or years.
  14. 14. Scary, isn’t it? But they say, “If you dream is doesn’t scare you, you are not dreaming big enough!
  15. 15. Too often the risk of letting go and the fear of failure hinder great things. Realistically, only a small percentage of people are able to get past their fear and pursue their dreams on their own. Basically, it is decision to live a few years of your life like no one does, to build a future others can’t afford.
  16. 16. Is education just for the money? Through entrepreneurship we can actually come up with ways to solve world problems and meet our responsibility towards the society. Bringing up new idea to solve the common issues. OUR RESPONSIBILITY
  17. 17. How enterpreunership helps the country to grow….
  18. 18. 1. New innovations In the recent times, we’ve observed the growth of entrepreneurs in the country due to a boom of innovative ideas. Companies like OYO rooms, FoodPanda, Zomato have also managed to spread their wings into the international markets. With more innovations by entrepreneurs in various fields, the public benefits greatlyand makes lie simpler.
  19. 19. 2. Fill gaps in growth and development in the country Start-ups are essential to bridge the gaps to enhance growth and development of the country on various fronts. New start-up innovations cropping up are steady sources of income for the entrepreneur and an addition to the GDP of the country. Hence, the government aspires to boost digital start-ups at grass root levels by allotting around INR 2000 crores for this initiative.
  20. 20. 3. Reduces unemployment ● In 2015, over 1,50,000 engineering students who completed their graduation from 650 colleges are unemployed. ● If every single unemployed Indian will contribute in building India, in less than 10 years it will be called as a developed country. ● Today we are using almost all electronics gadgets which are imported from other countries, instead we can develop our own, utilising our own youth.
  21. 21. Government Initiatives The Prime Minister is highly excited about the Start-up India project which has almost 2000 crore INR allotted to the cause. Along with that, the Government also plans to provide budding entrepreneurs with perks such as legal support for filing patents at free of cost and 80% reduction in filing patent fee. If the Government eases taxation for start-ups, it’ll be a great boost to empower the aspiring entrepreneurs who should definitely grab the opportunity and start more companies in India.
  22. 22. Some enterprises that benefit the society ● Joe Miller company, Print a Forest, aims to plant 75 trees for every tree used for printing on paper. ● Stuart Gold is the founder of the Trashy Bags Project, a social enterprise based in Accra, Ghana that makes recycled eco-friendly bags. ● Hindol Sengupta is the co-founder of the Whypoll Trust, India’s only open government platform. Whypoll is trying to improve the communication between India’s citizens and its government.
  23. 23. You can become the change when you decide that your life can be something more than comforting yourself.
  24. 24. The very best thing is knowing that the dreams I live each day are a direct result of my work — and no one person or company can ever take that away.

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