What is Entrepreneurship?
‡ The Process of Bearing Risk of Running a Business

.Who is an Entrepreneur ? ‡ A person who takes the risk of converting a new idea into reality.

The Builder of Indian Industry J R D TATA .

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Requirements to be an entrepreneur ‡ ‡ ‡ ‡ Innovation. Creativity Risk Taking Organization .

. it is simply impossible for any government to provide means of livelihood to everyone. where the people are encouraged to come up with their entrepreneurial initiative. where over 30 crores people are living below the poverty line.Promoting Entrepreneurship In India. Such situations surely demand for a continuous effort from the society.

His father was a school teacher. 1932. into a Modh family.‡ Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28. Gujarat. Dhirubhai Ambani started his entrepreneurial career by selling "bhajias" to pilgrims in Mount Girnar over the weekends. . at Chorwad.

He worked there as a gas-station attendant. Yemen. He returned to India in 1958 with Rs 50.‡ After doing his matriculation at the age of 16.000 and set up a textile trading company. Dhirubhai moved to Aden. . and as a clerk in an oil company.

textiles. and logistics. from a scratch. Reliance India Limited. Dhiru Bhai Ambani built India's largest private sector company. power. Mukesh and Anil. energy.‡ Assisted by his two sons. infrastructure services. capital markets. information technology. Over time his business has diversified into a core specialisation in petrochemicals with additional interests in telecommunications. retail. .

Karnataka. A bright student. Murthy went on to acquire a degree in Electrical Engineering from Mysore University and later studied Computer Science at the IIT. Kanpur. Chairman of Infosys.R. . Murthy's father was a schoolteacher in Kolar district. India. ‡ Born in 1946.‡ N. India.Narayana Murthy An Indian IT chief who's really made it big without dropping his ethical precepts by the wayside is Nagawara Ramarao Narayana Murthy.

though-he didn't have any seed money. Luckly.000. This was Murthy's first big break. his wife Sudhathen an engineer with Tatashad saved Rs 10. . There was a minor hitch. like many Indian women who save secretly without their husband's knowledge. along with six friends.‡ The Infosys legend began in 1981 when Narayana Murthy dreamt of forming his own company.

.000 people.Infosys. Today. ‡ It provides employment to 85. Infosys is the first Indian company to be listed on the US NASDAQ. The second break came in 1991 when Indian doors to liberalization were flung open« Murthy grabbed the opportunity with both hands and has never looked back ever since. ‡ The decade until 1991 was a tough period when the couple lived in a one-room house.

Ahmedabad.in Ahmedabad. . he created quite a stir by refusing a job that offered him a huge salary.Foodking Catering Service -.Food king ‡ When 27-year old Sarathbabu graduated from the Indian Institute of Management. He preferred to start his own enterprise -.

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Food king .

The Motivating Force of Food King .

. ‡ Outside India. ‡ 35% of the start-ups in Silicon Valley are by Indians.What will be the qualities needed to succeed in this new world? First and foremost. ‡ We need to have similar risk-taking ability within the country as well. this spirit has been very evident in the IT industry. we need the entrepreneurial spirit.

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‡ Entrepreneurs must learn how to overcome the risk of failure. or of vulnerability.‡ What they need is the continuous energy and optimism. .

Ability to Get Things Done: 5. Specialised Knowledge of the Field: 3. Creativity: 6. Self Confidence: 4. Common Sense: 2. Leadership: .Qualities of an Entrepreneur: 1.

Willingness to take Risk: 9. Determination : . Self Motivation and 11.Qualities of an Entrepreneur: 7. Willingness to Accept Criticism: 10. Communication Skill: 8.