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
Key Personal
Attributes
Strong Managerial
Competencies
Good Technical
Skills

Successful
Entrepreneurs

Entrepreneurial Skills

Leadership skills
Marketing skills
Interpersonal skills
Basic management Skills

THE ROLE OF ENTRPRENEURSHIP IN

ECONOMIC DEVELOPMENT
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

TASKS OF AN
ENTREPRENEUR

A
T

!
S
K
S

1. RISK BEARING
2. ORGANISING FUNCTION
3. INNOVATION
4. DECISION MAKING
FUNCTION
5. Problem Solving
6. MANAGERIAL FUNCTION