What is Entrepreneurship?

 the study of how new businesses are created as well as the actual process of
starting a new business – the term is used interchangeably.
 is the act of creating a business or businesses while building and scaling it to
generate a profit.

Types of Entrepreneurship

 Small Business Entrepreneurship

 Scalable Start-up Entrepreneurship
 Large Company Entrepreneurship
 Social EntSmall Business Entrepreneurship

Small Business Entrepreneurship

 is an independently owned and operated company that is limited in size and in

revenue depending on the industry.

Scalable Start-up Entrepreneurship

 These entrepreneurs start a company knowing from day one that their vision
could change the world. They attract investment from equally crazy financial
investors – venture capitalists. They hire the best and the brightest.

Large Company Entrepreneurship

 Large companies have finite life cycles. Most grow through sustaining innovation,
offering new products that are variants around their core products. Changes in
customer tastes, new technologies, legislation, new competitors, etc. can create
pressure for more disruptive innovation – requiring large companies to create
entirely new products sold into new customers in new markets.

Social Entrepreneurship

 Social entrepreneurs are innovators who focus on creating products and services
that solve social needs and problems. But unlike scalable start-ups their goal is
to make the world a better place, not to take market share or to create to wealth
for the founders. They may be non-profit, for-profit, or hybrid.
What is an Entrepreneur?

 It comes from the French word “ENTREPRENDE” which means

“UNDERTAKE.”
 the person who sees a problem in the world and immediately focuses on creating
the solution. They’re the leaders that strike out on their own to improve society.
Whether they’re creating jobs or a new product, they constantly take action to
ensure world progress.
 Also comes from the Sanskrit word “ANTHA PRERNA” means “SELF
MOTIVATED.”

Importance of Entrepreneurship

1. Entrepreneurs create jobs

2. Entrepreneurs create change

3. Entrepreneurs give to society

Why Do People Become Entrepreneurs?

1. They don’t want a boss

2. They want flexible hours

3. They want to work from anywhere

4. They’re risk-takers

5. They can’t get a job

6. They’re curious

7. They’re ambitious

Entrepreneur Ideas

 Ecommerce store owner

 Freelancer
 App creator
 Service based business
 Consultant based business
 Blogger
 Vlogger
  Translator
 Real estate agent
 Photographer
 Stock Broker
 Tutor

Examples of Entrepreneurs

Walter Elias Disney

 He cofounded the Walt Disney Company one of the leading motion picture
studios.
 He was also the visionary of theme parks like Disneyland and Walt Disney World

Mark Zuckerberg

 He created an instant messaging tool that his father used in his dentistry practice
to communicate with his receptionist.

 also created music software

 he created “FACEBOOK”

Sara Blakely

 She was the youngest self made female billionaire.

 first started her Spanx brand in 1998.

 She was one of the first creators of women’s leggings