OVERVIEW OF

ENTREPRENEURSHIP:

WHAT IS ENTREPRENEURSHIP?

LIFECOLLEGE
MOLDING CHAMPIONS
 WHAT IS ENTREPRENEURSHIP?

ENTREPRENEURSHIP is a proactive process of

developing a business ventures to make a profit.

 it involves seeking opportunities for market,

establishing and operating a business out of
opportunity, ad assessing its risks and rewards
through close monitoring of the operations.
 WHAT IS ENTREPRENEURSHIP?

SOCIETAL AND ECONOMIC BENEFITS OF ENTREPRENEURSHIP:

• Entrepreneurship produces more jobs that equate to an increase in national,

income. Small businesses produce jobs and create wealth.

• Entrepreneurship amplifies economic activities of different sectors of society.

A simple bakeshop and coffee shop in an urban area both ignite economic
activity regardless of their business scale.

• Entrepreneurship introduces new and innovative products and services. New

products and services are always available in the market.

• Entrepreneurship disperses the economic power and creates equality. It

balances the economy by distributing national income to more businesses rather
than to only few monopolies.
 WHAT IS ENTREPRENEURSHIP?

SOCIETAL AND ECONOMIC BENEFITS OF ENTREPRENEURSHIP:

• Entrepreneurship improves people’s living standard.

• Entrepreneurship controls the local wealth and balances regional development.

It make sure local resources are used properly and that every area has an
appropriate allocation of resources.

• Entrepreneurship reduces social conflicts and political unrest. It can supply all
the resources we need.

• Entrepreneurship elicits economic independence and capital formation. A

country with more entrepreneurs is highly likely to become financially
independent and will less likely need to help of other countries.