What is entrepreneurship? Process of starting a business. Noticing opportunities. Willingness to take risks. Developing, organizing and managing a business.

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Presentation transcript:

What is entrepreneurship? Process of starting a business. Noticing opportunities. Willingness to take risks. Developing, organizing and managing a business venture.

Characteristics of entrepreneurship Interest and vision Skill Investment Organinsation and delegation Risk & rewards

Who are entrepreneurs? Original thinkers Risk takers Responsible Competent and capable

Characteristics of Entrepreneurs Successful Entrepreneurs Key Personal Attributes Good Technical Skills Strong Managerial Competencies

Entrepreneurial Skills Leadership skills Marketing skills Interpersonal skills Basic management Skills

1.BALANCED REGIONAL DEVELOPMENT 2.PER CAPITA INCOME 3.UNEMPLOYMENT 4.LIVING STANDARDS 5.SELF SUFFICIENCY 6.FORMATION OF CAPITAL 7.DISPERSAL OF ECONOMIC WEALTH 8.ECONOMIC INDEPENDENCE THE ROLE OF ENTRPRENEURSHIP IN ECONOMIC DEVELOPMENT

TASKS OF AN ENTREPRENEUR 1.RISK – BEARING 2.ORGANISING FUNCTION 3.INNOVATION 4.DECISION MAKING FUNCTION 5.Problem Solving 6.MANAGERIAL FUNCTION