1. ENTREPRENEURSHIP Delivered in: Islamia University of Bahawalpur Presented By: Tasawar Javed

2. Defined as:  They have become Stuff of legends, economic heroes, freedom of spirit, creativity, vision, they got courage and self belief  Those individuals who create & grow new enterprises, and Demonstrate characteristics of risk-taking and innovation ENTREPRENEURSHIP

3. Entrepreneurs Oxford English dictionary says: ‘a person who attempts to profit by risk and initiative’ They exercise:  High degree of initiative and are willing to take high degree of risk.  Shifts economic resources from an area of lower productivity into an area of higher productivity and greater yield.  Creates value by exploiting some form of change, eg technology, materials, prices of demographics.  Creates new demand or find new ways of exploiting existing markets. They identify a commercial opportunity and then exploit it

4. Entrepreneurs (examples) Bill Gates, Microsoft:  In 1980, it had turnover of $8 million with 38 employees.  In 1997, it had turnover of $ 6.5 billion with 21,000 employees.  Sixth largest public company in the world.  Richard Branson is well known entrepreneur in UK today Associated with many business that carry the virgin brand name Aircraft, trains, vodka, mobile phones, cinemas, radio station and financial services as well

5. Owner-Managers Entrepreneurs Owner-managersManagers

6. Entrepreneurs Characteristics: Need to achieve… always generates ideas Highly responsible… driven by initiative and commercial ability Likes a challenge and don’t give up easily Ability to exploit an opportunity and to “Creates something out of nothing” Key Attributes: Hard working Focused Passionate Tough Self motivating Optimistic Innovative Visionary

7. Thanks Question & Answer