Entrepreneur

entreprendre

meaning “to undertake.”

Entrepreneur

undertakes the risk of starting and managing an enterprise

creating and managing enterprise

generate unique ideas and innovativ solutions

willing to take calculated risks

profitable solutions

drives economic growth

address market gaps and societal challenges

wealth creation

opportunity, recognition, resilience and adaptability

Initiative

The ability to act independently and take action

before being told.

Proactiveness

The capacity to identify opportunities and act

on them without hesitation.

Problem-Solving Ability

The skill to address challenges while maintaining

good relationships with others.

Perseverance

The determination to pursue goals and overcome

challenges until tasks are accomplished.

Persuasion

The ability to convince and influence others to

support ideas, buy products, or adopt solutions.

Planning Skills

The habit of creating structured plans before acting

and continuously monitoring progress.

Political

Environment

Government policies, political stability, and regulations

affecting business operations.

Climate

Conditions

Geographical and environmental factors that

influence business activities and logistics.

Legal System

Laws and regulations governing business

practices, such as taxation, labor, and contracts.

Social

Conditions

Cultural values, societal norms, and consumer

behavior that affect business decisions.

Market

Situations

The state of competition, supply and demand,

and emerging market trends

Effective Communicator

An entrepreneur should possess strong persuasive skills to convey ideas and convince stakeholders.

Leader

Innovative Entrepreneurs

Entrepreneurs who focus on creating new products, services,

or processes by generating new, better, and more economical ideas. They are driven by innovation and originality.

Imitating Entrepreneurs

Entrepreneurs who adopt and replicate existing ideas or

business models developed by others. They often improve on

what already exists.

3. Fabian Entrepreneurs

Entrepreneurs who are cautious and skeptical about change.

They only implement new ideas or changes after being fully

convinced and satisfied with their feasibility.

Drone Entrepreneurs

Entrepreneurs who are resistant to change and rely on

outdated methods. They prefer to maintain the status quo even

if it leads to business losses.

5. Social Entrepreneurs

Entrepreneurs who aim to drive social change and innovation

in areas like education, healthcare, human rights, and

environmental sustainability. They focus on creating a positive

impact on society.

Development of Managerial Capabilities o

Entrepreneurship helps individuals develop essential

managerial skills such as planning, decision-making, and

leadership, enhancing their ability to run businesses effectively.

Creation of Organizations

Entrepreneurship leads to the establishment of new

businesses and enterprises, contributing to a dynamic and

competitive business environment.

Improving Standard of Living

By generating income and employment opportunities,

entrepreneurship can enhance the economic well-being of

individuals and communities.

Means of Economic Development

Entrepreneurship not only benefits the entrepreneur but also

contributes to the economic growth of the society by providing

jobs, goods, services, and innovation.

Career Opportunities in Entrepreneurship

-Business Consultant

-Teacher

-Researcher

Sales Professional

Business Reporter