GROUP 7

ENTREPRENEURSHIP
AND COMMUNITY
DEVELOPMENT
ENTREPRENEURSHIP

“Most of what you hear about entrepreneurship is

all wrong. It’s not magic; It’s not mysterious; and it has
nothing to do with genes. It’s a discipline and, like any
discipline, it can be learned’’
Peter F. Drucker
Entrepreneurship is a crucial for the economic development of a
community, but can flourish only through the active interaction
of the multiple players, large businesses, universities and local
government.

Research center like LIPI-AT in Subang, develop technologies

appropriate for the needs of micro-entrepreneurs in rural areas.
Thus new economic activities develop at the community level,
people get secure jobs and products become more affordable.
Who is Entrepreneurship?
“ A person who creates and grows an enterprise from scratch’’
Entrepreneurship use Innovation to exploit or create change
and opportunity for the purpose of making profit.

Entrepreneurship who starts the business from scratch. Ex.

Initiating the plan materializing and implementing and also
create brand for his products and services.
In simple words entrepreneur who run the business in a unique
form
.It reminds that focus is the person, not the venture itself.
“A business owner works “in’’ the business while an
entrepreneur works “on’’ the business’’
ENTREPRENEUR
Ingredients of the entrepreneurship spirit
 Creativity
 Innovation
 Motivation
 Capacity
(Creativity is a characterized by originality, expressiveness, and imagination)

Entrepreneurship five capacities

 Ability to perceive opportunities.
 Ability to access and manage risks.
 Ability to build a team.
 Ability to mobilize resources.
 Ability to sustain creativity.
 The importance of individual business success remains a reality
as exemplar cases always motivate others to follow .
However the need for the activities that involve a greater
portion of the community is paramount community- based
entrepreneurship has long been applied in diverse countries and
context showing benefits that are as certain as they are simple:

 Less competition and more cooperation

 Improved potential in attracting funds
 Better wealth distribution
Making community “entrepreneur friendly’’

There is no set of actions that a community should adopt to

become entrepreneur-friendly.

There are three levels of support that help to think about an

creating an environment in community that supportive of
entrepreneurs.
 Basic Support
 Advanced Support
 High Performing Support
Basic Support

 Investment in basic support package is starting point of

building a broader and more sophisticated community
support system for entrepreneurship.
 To provide basic level of support in your community, leaders
need to:
 Address any issues related to creating a positive
entrepreneurial climate
 Take stock of current access to appropriate business services
 Create a focus on entrepreneurs, both business and civic
 Provide regular opportunities for networking and mentoring
Advanced Support
 Once the basic elements of a support are in place, a
community can consider a number of advanced activities to
further energize entrepreneurs.
 Leaders providing advanced support typically:
 Link closely to the regional Small Business Development
Centre office
 Ensure that an entrepreneur has access to the appropriate
financial capital beyond that provided by local banking
institutions
 Implement programs that increase local entrepreneurs
awareness of and access to new markets
 Encourage programming that introduces youth to
entrepreneurship
High Performing Support

 To be high-performing community that is optimally supporting

entrepreneurs requires considerate community commitment
and investment
 High performing communities are characterized by:
 Using strategies that offer customized help to the full range of
local entrepreneurs.
 Building on current financing resources by creating area-based
“angel’’ investment networks
 Integrating entrepreneurial opportunities into the core curricula
of educational system
 High-capacity organizations dedicated to supporting
entrepreneurs.
Importance of entrepreneurship

Community development: Entrepreneurship foster a sense of

community among people with common goals and interests,
whether in a single neighborhood or across continents. Their
products and services contribute to the communities social and
economic well-being.
To conclude , experience tells us that the best
intervention to alleviate poverty in rural areas
consists in stimulating an entrepreneurial
ecosystem that empowers the largest possible
portion of the community.
THANK YOU