ENTREPRENEURSHIP

✔ Came from the French word entreprendre.

✔ the capacity and willingness to develop, organize and manage a

business venture along with any of its risks in order to make a profit.
 ENTREPRENEURSHIP
✔ Is a proactive process of developing a business venture to make a
profit.

✔ Process of creating something new and assuming the risks and

rewards.
 ENTREPRENEURSHIP
It involves:

1. Seeking opportunities
2. Establishing and operating a business
3. Assessing its risks and rewards
4. monitoring
 BENEFITS OF ENTREPRENEURSHIP
1. Entrepreneurship produces more jobs that equate to an
increase in national income.

2. Entrepreneurship amplifies economic activities of different

sectors of society.
 BENEFITS OF ENTREPRENEURSHIP
3. Entrepreneurship introduces new and innovative products
and services.

4. Entrepreneurship improves people’s living standards.

 BENEFITS OF ENTREPRENEURSHIP
5. Entrepreneurship disperses the economic power and creates
equality.

6. Entrepreneurship controls the local wealth and balances regional

development.
 BENEFITS OF ENTREPRENEURSHIP
7. Entrepreneurship reduces social conflicts and political unrest

8. Entrepreneurship elicits economic independence and capital

information.
 Five levels of entrepreneurial
development:
1. The self-employed - persons are simply put, not comfortable
with the routines of a desk job.

2. The manager- Entrepreneurs feel the need to step up and

ask some help from the people around them.
 Five levels of entrepreneurial
development:
3) The leader - They enjoy seeing their people flourish, stepping up
and producing great results with minimal supervision.

4) The investors -look for more opportunities for their business to

grow
 Five levels of entrepreneurial
development:
5) The true entrepreneurs -based on their experience , now aim for
quality and excellence in their work.