Entrepreneurship

Entrepreneurship

Development of Managerial Capabilities

• This means that one of the benefits an entrepreneur gets is to develop his managerial skills.

Creation of Organization

• Which means that because of entrepreneurship many organizations will exist.

Improving Standard of Living

• This means that entrepreneurship can lift up the economic status of an individual.

Means of Economic Development

• This means that not only the life of the entrepreneur is improved but also the society where the business is located. 

Concept of Entrepreneurship

• The word “entrepreneur” was derived from the French verb entreprendre, which means “to undertake.” This is pinpointing to those who “undertaker” the risk of enterprise is created by an entrepreneur and the process is called “Entrepreneurship”

Entrepreneurship

• It refers to the process of creating and running a business, often involving risk. And uncertainty. It’s about identifying opportunities, gathering resources, and building something new and valuable.

Development of Managerial Capabilities

• This means that one of the benefits an entrepreneur gets is to develop his managerial skills.

Creation of Organization

• Which means that because of entrepreneurship many organizations will exist.

Improving Standard of Living

• This means that entrepreneurship can lift up the economic status of an individual.

Means of Economic Development

• This means that not only the life of the entrepreneur is improved but also the society where the business is located. 

Concept of Entrepreneurship

• The word “entrepreneur” was derived from the French verb entreprendre, which means “to undertake.” This is pinpointing to those who “undertaker” the risk of enterprise is created by an entrepreneur and the process is called “Entrepreneurship”

Entrepreneurship

• It refers to the process of creating and running a business, often involving risk. And uncertainty. It’s about identifying opportunities, gathering resources, and building something new and valuable.

Initiative

doing things even before being told.

Proactive

 which means he can classify opportunities and seize it

Problem Solver

which means he can retain good relations with other people.

Perseverance

 meaning he will pursue things to get done regardless of challenges.

Persuasion

 means that he can entice people to buy even if they don’t want to.

A Planner

the makes plans before doing things and does not fail to monitor it.

Risk-taker

which means that he is willing to gamble but he will calculate it first.