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Introduction To Entrepreneurship Final
Introduction To Entrepreneurship Final
Entrepreneurship
Learning Objectives:
It is expected that after this session
you will be able to:
1.Define and identify the benefits of
entrepreneurship.
2.Familiarize the entrepreneurial
traits.
3.Value the importance of
entrepreneurial traits.
What is Entrepreneurship
Student 1:
The word entrepreneurship has
three Latin roots: entre,
meaning enter; pre, meaning
before; and neur, meaning
center.
What is Entrepreneurship
Student 2:
The art and science of converting ideas
into highly marketable goods and
services that will improve man’s quality
of life. It involves the systematic
utilization of four essential elements
(man, money, material, and machines)
Entrepreneurship as a Science
As a science, it involves
coordinated, arranged and
systematized knowledge. It
follows logically organized
processes and employs
proficiency or skills.
Entrepreneurship as an Art
As a art, it uses a great deal
of knowledge of the
elements and principles of
design.
What is Entrepreneurship
Student 3:
It is the process of identifying
and starting a new business
venture, sourcing and
organizing the required
resources, while taking both the
risks and rewards associated
with the venture.
Benefits of Entrepreneurship
Provides employment to
people
Contributes towards research
and development
Creates wealth to the nation
Who is an entrepreneur
Is one who has the ability to see
and evaluate business
opportunities, gather necessary
resources and take advantage of
them, and evaluate appropriate
action to ensure success.
An entrepreneur is an individual
who accepts some sort of risks –
usually financial _ in the pursuit
of new venture. The word can
apply to any person organizing a
new project or opportunity,
though it is most often used in a
business context.
An entrepreneur is a person who
tries to do something new,
visualizes a business opportunity,
organizes the necessary
resources for setting up the
business and bears the risks
involved.
Entrepreneurial Traits
Disciplined
focused on making their
businesses work
resist temptation to do what is
unimportant
disciplined enough to take steps
every day toward the achievement
of their objectives.
Confidence
display extreme
confidence in order to
cope with all the risks of
operating their own
business.
Open-Minded
realize that every event and
situation is a business opportunity.
Ideas are constantly being
generated about workflows and
efficiency
have the ability to look at
everything around them and focus
it toward their goals.
Self Starter/Feels a Sense of
Ownership
Know that if something needs to be
done, they should start it themselves
They set the parameters and make
sure that projects follow that path.