ENTREPRENEURSHIP

 is a process of creating incremental

wealth though the efforts of individuals
who find new and useful ways to
employ resources that lead to the
creation of new products, services or
technologies. (UP ISSI,2012)
  Conceptualize new PROCESS
ideas
CREATING
INDIVIDUAL
S

 Entrepreneurs
ENTREPRENEURS  New Ideas
 New product
HIP or services
 wealth

NEW
WEALTH
ENTREPRENEUR
Entrepreneur from the French words “entre” - to enter
“ prendre” – to take

An entrepreneur is “ someone who starts a new business,

recognizes opportunities, organizes resources to take advantage
of the opportunity, creates something new that will provide value
customers and willingly accepts the financial risks associated
with the new business venture” (UP ISSI, 2012)
ENTREPRENEURSHIP
helps the economy grow

“entrepreneurs sometimes called the “backbone of

the economy”.
As more product or services are demanded, the
more are then supplied; and consequently , the
more exchanges are done between consumers and
entrepreneurs. This is how the economy grow.
ENTREPRENEURSHIP
encourages technical growth
 An entrepreneur’s innovation thus promotes a
society’s technological growth.

ENTREPRENEURSHIP aids in
Human Development
 Entrepreneurship not only enriches a country in
economic and technological means ; it also aids
in human development through employment
generation.
 Human development focuses on the “richness of
human lives rather simply the richness of
economies.
 Work is done by workers but the creation of work
is done by entrepreneurs.

ENTREPRENEURSHIP promotes
inclusive growth
 Entrepreneurs are also sometimes called the
“engine of the economy” as they provide the
drive for development and growth.
ENTREPRENEURSHIP begets
ENTREPRENEURSHIP
 In line with the saying “growth begets more
growth”, the success of one entrepreneur
becomes the success of the other entrepreneur as
well.
Entrepreneurship as a career
involves engaging in business
activities, but not all business
activities may be considered
entrepreneurial.

Entrepreneurship necessarily
involves innovation: the
systematic development of
something new and useful.