INTRODUCTION OF

ENTREPRENEURSHIP
 WHAT IS ENTREPRENEURSHIP?
• according to Robert D. Hisrich, M. Peters & D.A.
Shepherd

• Is the process of creating something new of value by

devoting (giving) the necessary time and effort.

• By accepting and acknowledging the necessary financial,

psychological, and social risks.

• finally receiving the resulting rewards be it monetary and

personal satisfaction and freedom to do what you want.
 WHAT IS ENTREPRENEURSHIP?
• according to Robert D. Hisrich, M. Peters & D.A.
Shepherd

• In short, Entrepreneurship is the process

of creating something new and assuming
 WHAT IS ENTREPRENEURSHIP?
• according to Dr. Eduardo A. Morato Jr.

• The capacity and willingness to develop

organize and manage a business venture along
with any of its risks in order to make a profit.
 WHAT IS ENTREPRENEUR?
• according to UiTM Entrepreneurship Study Group

• He or she is an individual who actively form or

lead their own business and nurture them for
growth and prosperity
 WHAT IS ENTREPRENEUR?
• according to Eston Kimani, MIT

• A person who creates and manages change by

the recognition of opportunities (needs,
wants, opportunities, problems, and
challenges) and develops people and manages
resources to take advantage of the resources
to take the opportunity and creates a venture
(profitable business).
DIFFERENCE OF BUSINESSMAN AND
ENTREPRENEUR?

A businessman is a person who runs the

business, undertaking an unoriginal business
idea. On the contrary, an entrepreneur is
someone who first initiates a product or business
idea and thus the leader of that in the market
 DIFFERENCE OF BUSINESSMAN AND
ENTREPRENEUR?
Basis for
Businessman Entrepreneur
Comparison
An entrepreneur is a person
A businessman is someone who sets up
who starts an enterprise with
Meaning a business with an existing idea offering
a new idea or concept,
products and services to the customers.
undertaking com

Market Position Market Player Market Leader

Nature Calculative Intuitive

Market Creates place in existing markets Creates new market

Risk Factor Less Comparatively high

Competition Very High Low

DIFFERENCE OF BUSINESSMAN
AND ENTREPRENEUR?
 A person who brings his unique idea to run a startup
company is known as an entrepreneur. A businessman is a
person who starts a business on an old concept or idea.

 A businessman makes his place in the market with his

efforts and dedications, whereas an entrepreneur creates
the market for his own business.

 The businessman is a market player while entrepreneur is a

market leader because he is the first to start such a kind of
enterprise.

 The nature of a businessman is calculative, but an

entrepreneur is intuitive
DIFFERENCE OF BUSINESSMAN
AND ENTREPRENEUR?
 As the businessman follows the footsteps of other
businessmen, the possibility of failure is very less which is
just opposite in the case of the entrepreneur.

 A businessman is oriented towards profit, however, an

entrepreneur us a people focused in essence, he gives more
importance to its employees, customers, and the public.

 The businessman faces extreme competition because it is

very difficult to gain a competitive position in an already
existing market, which is not in the case of an entrepreneur.
 THE DIFFERENCE OUTCOMES OF
ENGAGING IN ENTREPRENEURSHIP

 Innovation or newness – product or service

 Organizing resources – finance, people,
physical and information resources
 Creating new product or services
 Taking risk in a business venture
 Create job opportunity
 EVALUATION
 Give at least 10 differences between Businessman and
Entrepreneur using this table.
Basis of Businessman Entrepreneur
Comparison