Entrepreneurship

 Presented By :
 Sara
 Ariba
 Alishba
Entrepreneurship
 The activity of setting up a business or businesses, taking on financial risks in the hope of
profit.
 Entrepreneurship is the creation or extraction of value.
 An entrepreneur is an individual who creates and/or invests in one or more
businesses, bearing most of the risks and enjoying most of the rewards. The process
of setting up a business is known as entrepreneurship. The entrepreneur is commonly
seen as an innovator, a source of new ideas, goods, services, and business/or
procedures.
 In the field of economics, the term entrepreneur is used for an entity which has the
ability to translate inventions or technologies into products and services. In this sense,
entrepreneurship describes activities on the part of both established firms and new
businesses.
WHAT IS ENTREPRENEURSHIP?

 The process of designing, launching and running a new business.

 The capacity and willingness to develop, organize and manage a

business venture along with any of its risks in order to make profit.
WHO IS AN ENTREPRENEUR?

 An entrepreneur is someone who envisions, creates and evangelizes

an idea that they are absolutely crazy about.
 Someone who looks at life differently. An entrepreneur doesn’t see
the normal obstacles that life puts in our way and shy away like most
of us do. Entrepreneurs think the word “no” means “to find a better
way”. Entrepreneurs are continually learning growing and reaching
higher
Perspectives on entrepreneurship
 As an academic field, entrepreneurship accommodates different schools of
thought. It has been studied within disciplines such as management,
economics, sociology and economic history. Some view entrepreneurship
as allocated to the entrepreneur. These scholars tend to focus on what the
entrepreneur does and what traits that an entrepreneur has (see for
example the text under the headings Elements below). This is sometimes
referred to as the functionalistic approach to entrepreneurship. Others
deviate from the individualistic perspective to turn the spotlight on the
entrepreneurial process and immerse in the interplay between agency and
context. This approach is sometimes referred to as the processual
approach, or the contextual turn/approach to entrepreneurship.
Relationship between small business and
entrepreneurship
small business entrepreneurship
 "small business" or used  The term "entrepreneur" is often
interchangeably with this term conflated with the term
 not all small businesses are
 While most entrepreneurial
entrepreneurial in the strict sense of
ventures start out as a small
the term
 many of these small businesses offer
business
 Many small businesses are sole
an existing product, process or
service and they do not aim at growth proprietor operations consisting
solely of the owner
Types of entrepreneurship
 Small business entrepreneurship

 Scalable startup entrepreneurship

 Large company entrepreneurship

 Social entrepreneurs
Small businesses entrepreneurship

 Small business entrepreneurship is the process of starting a business

knowing you will not plan to turn it into a franchise or large
corporation. Just looking at the multifaceted infrastructure of this
type of entrepreneurship shows us that small businesses are an
extension of the entrepreneurs themselves. From the restaurateur and
book seller, to the fitness instructor down your block, these are
people whose passions and skills serve their customers to the fullest
extent on a small scale.
Scalable startup entrepreneurship

 Scalable startups set out to innovate. This type of entrepreneurship

can be defined as a business model in which a person or group of
individuals is guided by a unique business idea. Silicon Valley is the
living embodiment of that practice
Though they begin small, successful startups expand rapidly and
generate big profits, including Google. These types of companies
often require outside investors and more capital in order to scale and
break into different global markets.
Large company entrepreneurship
 Large company entrepreneurship refers to companies that have a
finite life cycle. They can grow and sustain by creating new products
or offering other services around their main target markets. For
example, a jeans manufacturer may decide to start selling denim
backpacks, hats and even sneakers, as they already have the
production process in place to do so.
Social entrepreneurship
 Social entrepreneurship focuses on creating products or services that
benefit society. These individuals work for the betterment of the
world, and keep this mission at the front oThere has been a recent
surge of media attention on social entrepreneurship, particularly on
businesses with strong environmental initiatives. Some of the best
known examples include companies like Seventh Generation and
Patagonia.f mind even while sustaining a profitable business.
Entrepreneurial behaviors
 The entrepreneur is commonly seen as an innovator—a
designer of new ideas and business processes . Management
skills and strong team building abilities are often perceived as
essential leadership attributes for successful entrepreneurs.
Political economist Robert Reich considers leadership,
management ability and team-building to be essential qualities
of an entrepreneur.
WHY ENTREPRENEURSHIP?

 Unemployment
 Profit making
 The need to learn more
CHARACTERISTICS OF A SUCCESSFUL
ENTREPRENEUR
 Ability to take risk
 Open minded
 Goal oriented
 Flexible
 Confident
 Well informed
PROS OF ENTREPRENEURSHIP

THE FREEDOM TO PURSUE YOUR OWN VISION

 You can have your own view of the world and entrepreneurship is the only
avenue where you pursue that view and see the fruition of your vision.
POTENTAIL EARNINGS OF AN ENTREPRENEUR EXCEED A
SALARIED EMPLOYEE
 As an employee an employee, no matter how hard you work, the financial
remuneration you receive is limited to your salary and an occasional bonus.
As a self-employed person, you can earn so much more if you hit the right
business idea and execute the business well.
PROS OF ENTREPRENEURSHIP
 THE CONTROL AND FLEXIBILITY OF YOUR OWN TIME. As your own
boss, you work when you want to work; and stop if you want to stop. You can tailor
your work according to your lifestyle and accommodate various tasks. You can
work in however way you please – in your pajamas, with the TV loudly blaring –
without getting a memo from the personnel department. Self- employment means
freedom from rules.
 THE OPPORTUNITY TO LEARN AND GAIN KNOWLEDGE The
entrepreneur often wears many hats – the strategic planner, the marketer, the
customer service rep, and the sales rep, even the bookkeeper. There are a million
things you probably didn’t know before you started your business that you will be
forced to learn.
PROS OF ENTREPRENEURSHIP
 THE SENSE OF PRIDE AND FULFILLMENT IN
ACCOMPLASHING THINGS
 As an entrepreneur, you make things happen. You create a vision,
layout the plans and pursue the steps needed to make the business a
success. Doing all these things can give an incredible feeling of pride
and joy – seeing your website used by people, finding your products
in stores and getting compliments from customers on how your
business as helped them.
Submitted to: Miss Ammara
SUBMITTED BY:
SARA
ARIBA
ALISHBA