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Entrepreneurship:
The process whereby an individual or
group of individuals use organized
efforts to pursue opportunities
Who is an Entrepreneur............
Entrepreneur is any person that continuously
seeks and acts upon opportunities for
economic and or social gains through applying
the principle of creative problem solving.
T
The entrepreneur
The opportunity-spotter The project championThe inventor
The person who realizes the
opportunity and is determined to
engage it
The person who makes
things happen
The originator of
the product or
concept
The idea
Identifying
the
opportunity
Matching
the idea
to the
opportunity
Exploiting
the
opportunity
to build
something
of value
Source: Bolton & Thompson
Entrepreneurs: Talent, Temperament, Technique
WHY ENTREPRENEURSHIP?
 Opportunities and support are
available
 Create self employment
 Promote innovation
 Build communities
6
KEEP The FOCUS
THINK OUTSIDE THE BOX
8
STUDY CUSTOMERS
CREATE WEALTH
10
Classification according to
Motivation
 Pure entrepreneur
 Induced entrepreneur
 Spontaneous entrepreneur
Classification according to growth
 Growth entrepreneur
 Super growth entrepreneur
Classification according to stages of
development
 First generation entrepreneur
 Modern entrepreneur
 Classical entrepreneur
Functions of an Entrepreneur
 Estimation of capital resources
 Selection of location
 Study of availability of labor forces
 Scanning for the best suitable idea
 Studying marketing strategy
PLANNING
Management
• Manages day to day activities
• Involves in directions
Organizing And Decision Making
 Determining the objects of the business enterprise
 Procurement of machinery , material, men etc.
 Acquisition of efficient technology
 Development of market for the product
INNOVATION
• Launching of new product
• Introduction of new technology
• Creation of new market
Risk And Uncertainty Bearing
 Takes the responsibility
 Takes risks
state of being certain
Confidence
Business Focus
Potentiality to turn a profit
 Delegator
core concepts of management leadership
 Independent
Sovereignty
 being determined; firmness of purpose
 Determination
•Relationship-Builder
strong, deep, or close association or
acquaintance between two or more people
lover of learning
•Knowledge-Seeker
Promoter:
maker arrangements for events
• Perseverance:
• Initiative:
steady persistence in a course of action
an introductory act or step; leading action
•Clear Goal Setting
•Money Management
establishing specific, measurable,
achievable, realistic and time-targeted
Investment management
• Communication
•Passion & Motivation
Power of communicating with others
Keep concentration & inspiration
on specific work
working diligently and for long hours
• Hard working
•Disciplined Dedication
controlled form of behavior or way of working
•Adaptability & Flexibility
To cope with the changing circumstance
Planning
The process of thinking about
organizing activities
•Networking Abilities
•CreativeThinker
Managing a chain relationship
Dynamic thoughts to earn profit
Are Entrepreneur
Born Or Made?
Entrepreneur are born
 Interaction of heredity and environment
 Risk taker
 Bright Individuals
 Core abilities
 Inherent qualities
 Attitude
Entrepreneur are made
 Entrepreneurship through company
 As a exercise
 Capital offering
 Inherit through belongings
 learning trade secret
 Made by experiences
 Others influence
• Bill gates and Steve jobs’
children are not entrepreneur
• Coders Trust has been making
entrepreneurs
 Decrease Unemployment
 Reduce Capitalization
 Increase Productivity
 Creates New Technologies , Products And Services
 Local resource Can Be Used
 Improve Living Standard
 Economic Independence
 Overall development
 Creating New Forms Of Business
Role of Entrepreneurship in
Economic Development
Investment
Employment
Diversity in products and services
International trade
Contributes to gross domestic
product
INTERNATIONAL TRADE
CONTRIBUTES TO GROSS
DOMESTIC PRODUCT
At a glance
Entrepreneurship
Types of Entrepreneurship
Functions of Entrepreneurship
Required qualities to be an Entrepreneur
Entrepreneurs Born or Made
Role of ent. in Industrialization
Role of ent. in Economic Development
ENTREPRENURE
• If any one has the ability to change the World
is an
Presentation on entrepreneurship development

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