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Entrepreneurship Development

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14 views25 pages

Entrepreneurship Development

entertainment

Uploaded by

sortoxetri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Entrepreneurship Development

Course Description

The course contains overview of


entrepreneurship, Developing the business
idea ,visibility analysis ,writing the business
plan ,industries and competitor analysis ,
Legal and ethical issue , start up new venture
idea , marketing and growth .
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What is entrepreneurship
• Entrepreneurship is the process of designing,
launching and running a new business, which
is often initially a may be small business . The
people who create these businesses are
called entrepreneurs.
• Entrepreneurship has been described as the "capacity
and willingness to develop, organize and manage a
business venture along with any of its risks in order to
make a profit .
• . An Entrepreneur is an entity which has the ability to
find and act upon opportunities to translate inventions
or technology into new products:
• "The entrepreneur is able to recognize the commercial
potential of the invention and organize the capital,
talent, and other resources that turn an invention into a
commercially viable innovation."
• An entrepreneur is a person who undertakes a
venture with some profit potential and
involving a considerable amount of risk.
• Therefore, entrepreneurship is the venture
undertaken by the entrepreneur. The most
obvious example of entrepreneurship is the
starting of a new business.
Features of Entrepreneurship
• Creation of new venture
• Hard work
• To take Risk and reward ( financial, career, social,
psychic Risk)
• Reward
• Innovation
• The value
• Leadership
• Visionary
• Utilization of resources
• Self confidence
Key Element of Entrepreneurship
• The Entrepreneur ( search opportunity ,
Alertness,knowledge ,social Network)
• Oppertunities
• Resources
• Organization
• Environment
Process of new venture
➢Opportunity analysis
➢Development business plan
➢Determine and obtain the resources
➢Implement business plan
Importance of Entrepreneurship
Economic Importance( Impact)
• Capital formation
• Employee generation
• Resources mobilization
• Promotion of Export
• Equatable distribution of wealth
• Increase in Government Revenue
Social Impact of entrepreneurship
➢Tax to the government
➢Inctrease in living stander of people
➢Contributing to social wealfare ( support blind
, orphantsect)
➢ increase the service of Education , Health and
other
Impact of larger Firms
Entrepreneur
An entrepreneur is an individual who creates a
new business, 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.
Charactristics of successful
Entrepreneur
• Innovator
• Motivator
• Risk taker
• Proactive
• Passion
• High achivement disire
• Self confidance
• Organizationar
Function of entrepreneur
• Planning
• Organizing
• Mobilization resources
• Relationship management
• Control
Types of entrepreneur
A. On the basis of Innovative
➢ Innovating
➢ Imitating
➢ Fabian
➢ Drone
➢ Force
Types cont…..
B. On the basis of behavior
➢Sole entrepreneur
➢Active/sleeping entrepreneur
➢Inventors
➢Challengers
➢Buyers
➢Life timers
C. On the basis of focus group
➢Woman entrepreneur
➢Minority entrepreneur
➢Immigrant entrepreneur
➢Home based entrepreneur
➢Co Entrepreneur
➢Corporate entrepreneur
Common myths of Entrepreneur
• Entrepreneur are burn not made
• Entrepreneur are gamblers
• Motivated by Reward ( financial , social )
• Young and energetic
• Sound business plan
• Research before taking first step
Entrepreneur motivation

• Internal factor
Desear to do something
Becoming independend
Achive what are wants to have in life
Educational background
Occupational background and exprence
• Extenal factor
Governental assistance and support
Availability of factor of production
Encouragement from big bisuness house
Role of technology in
Entrepreneurship
• Inovation
• Research and development
• Increase productivity
• Cometetative advantage
• Increase to profit
• Costomer value
• Security
Emerging trends in Entrepreneueship
• Social entrepreneur
• Strategic entrepreneur
( commetative advantage, followed by estabilished
company, opportunity center)
• E entrepreneur
( use of technology ,no geografically boundary)
• Green entrepreneurship
( society and environmental responsive , care take to
employee , costomer ,community etc)
Factor leading to entrepreneurship
Development In Nepal
• Econimic libralization
• Enlarged market opportunity
• Industrial support agency
• Governmental support
• Rising economical agenda
• Use of morden technology
Hindering factor of enterpreneurship
Development in Nepal
• Lack of governance
• Political instability
• Labour force as political force
• Lack of physical infrastructure
• Small market
Group discussion
A. Role of entrepreneurship in Nepalese
economy.

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