Entrepreneur..

“An entrepreneur is the

person who takes risks and
start something new.”

Entrepreneurship
entrepreneurship is the process of identifying and starting a
new business venture, sourcing and organizing the required
resources, while taking both the risks and rewards associated
with the venture.
Competencies of an Entrepreneur
Flexibility
Confidence • Flexible
• Risk taker • Adaptive
• Self confident • Change is an
• Positive opportunity
• Persuasive • Tolerates
ambiguity

Competition
Core values
• Competitive
• Takes initiative Entrepreneur • Trustworthy
• Honest
• Goal-driven

Drive Problem-solving
• Highly • Problem solver
motivated • Creative
• High energy • Innovative
• Determined • Imaginative
• Persevering • Learns from failure
Entrepreneurial skills
• Ability to plan

• Marketing

• Interpersonal skills

• Personal effectiveness

• Team building skills

• Leadership skills

• Communication skills

• Self confidence, etc.

Barriers to
Entrepreneurship

Unsupportive
Poor or legal &
absent regulatory
infrastructure framework
Lack of
Marketing
training
constraints Lack of support
facilities
services
& trained
Social barriers
extension staff
Lack of
financial
support
 Entrepreneurship and Economic
Development
 Active entrepreneurs explore the potentialities of the country’s
available resources- labour, technology and capital.
 Increases national production.
 Introducing innovations.

 Balanced area development

 Dispersal of economic power

 Reinvestment of profit for the welfare of the area of profit

generation

 Development is a function of motivation and human resource

 Types of Entrepreneur
• Based on type of Business
 Trading Entrepreneur:
 Manufacturing Entrepreneur
 Agricultural Entrepreneurs
• Based on the Use of Technology
 Technical Entrepreneur
 Non-Technical Entrepreneur
• Based on Ownership
 Private Entrepreneur
 State Entrepreneur
 Joint Entrepreneur
• Based on Size of Enterprise
 Small Scale Entrepreneur:<1 cr
 Medium Scale Entrepreneur:1cr- 5 cr
 Large Scale Entrepreneur:>5 cr
• Based on Clarence Danhof Classification
 Innovating
 Imitative
 Fabian (imitate any change only as last resort)
 Drone (don’t adopt changes even at cost of incurring losses)