WEEK 1 & 2

• Entrepreneur word etymology

  Language: French

  Word: Enterprendre

  Meaning: To undertake
• Entrepreneurship 


  The proactive process of developing a business venture to make a profit, the enterprise is created by an entrepreneur
• Common characteristics of a successful entrepreneur

  Risk seeking, assertiveness, vision
• Personal competence


  Made up of self-awareness and self- management.

  Personal competencies: creativity, determination, integrity, tenacity, emotional balance and self-criticism
• Interpersonal competence


  ability to interact with others and with the greater community.

  Interpersonal competencies: communication, engagement/charisma, delegation, respect.
• Business competence


  This competency is simply innate, many of them can be developed or enhanced with a concerted effort.
• Common traits of entrepreneurs

  • Proactive: Reactive rather than passive
  • Agents of Change: Innovation champions
  • Risk takers: Entrepreneurs will not be successful if they don’t take risks
  • Sharp eye for opportunities:Talent for recognizing an opportunity
  • Networkers: A network knows the key people to connect with
  • Decisive: Always have a decision about their business
  • Balanced: Have a balance between analytical and creative side
  • Innovative: rich with big ideas that can add value to existing business
  • Communicator: Must have a convincing power
• Types of entrepreneurs

  • Innovative
  • Imitating
  • Fabian
  • Drone
  • Social
• Innovative entrepreneurs


  • Have the ability to think newer, better and more economical ideas.
  • Business leaders and contributors to the economic development of a country.
  • They look for ways to make their products and services stand out from other things on the market.
• Imitating entrepreneurs 


  • Are those who don’t create new things but only follow the ideas of other entrepreneurs.
  • Risk being seen as copycats.
• Fabian Entrepreneurs 


  Skeptical about the changes to be made in the organization. They do not initiate any inventions but follow only after they are satisfied with its success rate.
• Drone Entrepreneurs


  • “a person who lives on the labor of others”.
  • They are die-hard conservatives even ready to suffer the loss of business
• Social entrepreneurs 


  Are those who initiate changes in the various fields such as education, health, human rights, environment and enterprise development.
• Socio-economic benefits

  1. Entrepreneurship produces more jobs
  2. Entrepreneurships amplifies economic activities
  3. Entrepreneurship introduces new and innovative products and services
• What is a potential career for an entrepreneur as a consultant?

  Business Consultant
• How can an entrepreneur contribute as a researcher?

  By being employed as a researcher by an enterprise
• In which area can entrepreneurship graduates work related to sales?

  Run the sales department of businesses
• What qualification do entrepreneurship graduates have for teaching?

  Qualified to teach core subjects in Senior High School
• What role can entrepreneurship graduates take as business reporters?

  Write articles and cover local business news
• What are the career opportunities available for entrepreneurship graduates?

  • Business Consultant
  • Researcher
  • Sales department roles
  • Teacher in Senior High School
  • Business Reporter