Basics of entrepreneurship
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BASICS OF ENTREPRENEURSHIP
-ByEntrepreneurship Cell,
Amity University, Lucknow
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THE ENTREPRENEUR
• The BOSS !!!!
• The Business Owner
• The Risk Taker
• One Who Starts A New Business
• The Resourceful Guy
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ENTEPENDRE-AN UNDERTAKER
French Word Origin
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EntrepreneurshipAccording to George Glider – From “The Spirit of the Enterprise”
“It is making the World forever NEW. It is taking AGGRESSIVE Actions.”
According to Joseph Schumpeter
“It is destroying the old order and creating new ones.”
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The Entrepreneurial Mindset
Opportunity Seizing
Opportunity Screening
Opportunity Seeking
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-In a Business Sense, it is an Idea that has Commercial Potential.
What is an Opportunity???
-Something you can make money with, develop a business around it, or create value with it.
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• Mastery Of Self1
• Mastery of Opportunity2
• Mastery of The Enterprise3
MASTERIES FOR AN ENTREPRENEUR
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Traits of An Entrepreneur: D’s• Dream• Determined• Details• Dollar• Decision• Doer• Distribute• Destiny• Devotion• Dedication
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Traits of An Entrepreneur: F’s• Founder• Faith• Focused• Frugal• Fast• Fun• Flexible• Flat• Forever Improving
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FORMS OF ENTREPRENEURSHIP
Social Entrepreneurship
Business Entrepreneurship
Techno Entrepreneurship
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Compelling Reasons Why Do We Need Entrepreneurs???
• 90% of the World’s Jobs are Created By Entrepreneurs.
• Problem Solvers
• Source of New Products and Innovation.
• It’s the Entrepreneurs- not the Central Bank - that keeps the ECONOMY moving.
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THREE COMPETENCIES OF THE COMPLETE ENTREPRENEUR
Originator
Operator Organizer
INNOVA
TOR INSPIRER
IMPLEMENTER
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THE LAST WORD!!!
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DON’TLET
YOURDREAMS
BEDREAMS!!