entrep

• Entrepreneurship


  Ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit
• Entrepreneurship


  Process or activity of initiating, developing, managing and operating a startup company, while taking all the risks involved, so as to make profit
• Entrepreneur


  A person who conceives a creative idea and takes all the necessary steps required to convert the idea into reality, such as taking initiative to set up a new business enterprise by supplying sufficient capital, land, labour and all the essential resources to produce the product, he/she has in his/her mind and bearing all risks so as to gain profits in future
• Entrepreneur


  Someone who locates the need of society and tries to meet the same, with his/her innovative idea
• Entrepreneurship


  The process of establishing a business entity intending to get profit, as a return in the future
• Entrepreneurship


  • One of the four factors of production, the other being land, labour, capital
• Roles in starting an enterprise

  • Developer
  • Innovator
  • Leader
  • Incharge
  • Promoter
  • Forecaster
  • Risk-taker
• qualities of an entrepreneur

  • Self confidence
  • Passionate and focused
  • Risk taking ability
  • Leadership ability
  • Future oriented
  • creative
• beginner

  Ø  who has something new to offer to society and starts right from scratch to establish and run the enterprise
• developer


  who develops a business model, to give shape to the idea
• innovator

  Ø  who has a thought-provoking idea or concept in his/her mind, that has the ability to lead the marketplace
• leader


  who provides guidance and support to his/her men, to work in a specific direction or change the same (if required) so as to achieve the target
• incharge

  who is accountable and responsible for the success or failure of the venture, for the decisions made by him/her
• promoter


  who takes all the relevant steps to turn the dream into reality
• Forecaster


  who foresees, future opportunities and threats which can affect the venture, positively or negatively
• risk-taker


  who has the ability to anticipate the risk in the future moves, and take the risk.
• 4 types of entrepreneurship

  Small business entrepreneurship

  Scalable start-up entrepreneurship

  Large company

  Social entrepreneurship
• Small business entrepreneurship


  A small business is a corporation, partnership, or sole proprietor with fewer employees and typically lower average annual revenue than larger businesses
• Scalable start-up entrepreneurship


  is a type of entrepreneurship that requires external capital and risk, wherein an organization launches their business on a small scale with the goal of expanding rapidly and becoming an extremely profitable company
• Large company


  this type of entrepreneurship is for advanced professional who know how to sustain innovation and are often part of a large team of C-level executives
• Social entrepreneurship


  a business model used by companies to help solve some of the world’s greatest problems. Where the traditional model has largely focused on the generation of profit, social entrepreneurs focus on bringing about positive social and environmental change, while also generating a profit
• Non-profit social entrepreneur


  a non-profit entrepreneur is a tax-exempt group or individual that invests funds in a chosen charity or developmental program. Non-profit social entrepreneurs strive to maintain and use their money to sustain their advocacy
• Transformational social entrepreneur


  entrepreneurs who take the path of transformational social entrepreneurship establish businesses to meet the needs of citizens on a national level. They work on the country’s issues that are usually not addressed by the government or other sectors. As they thrive on helping people, they sometimes partner with government agencies to find the best ways to implement programs to solve the nation’s problems
• Community social entrepreneur


  this type of social entrepreneur heads organizations that work closely with locals. They operate as a cooperative that assists members of the community. They do this by creating job opportunities, putting up grocery stores, and offering financial solutions through low-interest loans.
• Global social entrepreneur


  They’re part of companies that focus on supporting social missions as part of their core functions. They aim to change the system and make the world more livable