• The Word Entrepreneur is derived from French word Entreprendre

means “to undertake”

• Richard Carleton says “a person who buys factors of production at
certain prices in order to combine them into a product with a view to sell
them at uncertain prices”.
• Who is an Entrepreneur

• Jean Baptise says “one who combines the land of one, labour of another & capital of yet
another & thus produces a product. By selling product pays rent, wages and interest.´

• What remains is the profit

• What is Entrepreneurship

• SCHUMPETER “Entrepreneurship is based on purposeful & systematic innoWvation. It

includes not only the independent businessman but also company directions &managers
who actually carryout innovative functions.´

• Basic Functions of an Entrepreneur

• Entrepreneur as Risk Bearer

• Entrepreneur as Organizer or Coordinator

• Entrepreneur as Innovator

• Characteristics of a Successful Entrepreneur

• Hard Work

• Desire for high Achievement

• Highly Optimistic

• Independence

• Foresight

• Good Organizer

• Perseverance

TEAM Spirit

• National Knowledge Commission

• Entrepreneurship is the professional application of knowledge, skills and
competencies and/or of monetizing a new idea, by an individual or a set of people by
launching an enterprise or diversifying from an existing one (distinct from seeking
self employment as in a profession or trade), thus to pursue growth while generating
wealth, employment and social good Benefits of Entrepreneurship
• Opportunity to create your own destiny
• Opportunity to make a Difference
• Opportunity to reach your full potential
• Opportunity to reap extraordinary profits
• Societal Responsibility and Recognition
• Opportunity to engage in work of their choice