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Introduction

to
Entrepreneur
ship
Learning
Objectives
Learning Objectives

• Define and identify the benefits of


entrepreneurship
Learning Objectives

• Define and identify the benefits of


entrepreneurship

• Familiarize oneself with the


entrepreneurial traits
Learning Objectives
• Define and identify the benefits of
entrepreneurship

• Familiarize oneself with the


entrepreneurial traits

• Value the importance of entrepreneurial


traits
EN Wha
TR
EPR t is
EN
HIP EUR
? S
Entrepreneurship

The word ‘entre’ = enter


‘entrepreneurship’
The word entrepreneurship has three Latin
has
roots:three Latin
entre, meaning enter; pre, meaning
before; and neur, meaning center. ‘pre’, = before
roots:
‘neur’ = center
Entrepreneurship

The art and science


of converting
The word entrepreneurship has three Latin
ideas into
roots: entre, highly
meaning enter; pre, meaning
before; and neur, meaning center.
marketable goods
and services that
will improve
man’s quality of
life.
Entrepreneurship

It involves the money,


systematic
The word entrepreneurship has three Latin
utilization of
roots: entre, meaning four
enter; pre, meaning
before; and neur, meaning center. materials,
essential
elements:
and
man, machines
Entrepreneurship as a Science
As a science, it involves
coordinated, arranged
and systematized
The word entrepreneurship has three Latin
knowledge.
roots: entre, meaning enter; pre, meaning
before; and neur, meaning center.
It follows logically
organized processes
and employs
proficiency or skills.
Entrepreneurship as an Art

As an art, it uses
aThe
great deal of has three Latin
word entrepreneurship
roots: entre, meaning
knowledge of enter;
the pre, meaning
before; and neur, meaning center.
elements and
principles of
design.
Entrepreneurship

It is the process of
identifying and
starting
The word a new
entrepreneurship has three Latin
roots: entre, meaning enter; pre, meaning
business
before; andventure,
neur, meaning center.
sourcing and
organizing the
required resources,
while taking both the
risks and rewards
associated with the
venture.
Benefits of Entrepreneurship
 Provides employment to people
Benefits of Entrepreneurship

 Contributes towards research and


development
Benefits of Entrepreneurship
 Creates wealth to the nation
Who is an Entrepreneur?
Who is an Entrepreneur?
• One who has the ability to
see and evaluate business opportunities,
gather necessary resources and take advantage of
them, and
evaluate appropriate action to ensure
success.
Who is an Entrepreneur?
• One who has the ability to
see and evaluate business opportunities,
gather necessary resources and take advantage of
them, and
evaluate appropriate action to ensure
success.
• Entrepreneurs are driven by wantrepreneurs are busy
their passion, in highlighting fun tasks
wantrepreneurs ponder what
their passion should be. like “What should the
logo look like?”, “What
• While most of the should the office space
entrepreneurs are busy in look like?” and many
working on important tasks uncharacteristic thought
like validating customer processes.
problems, highlighting target
market, finding paying
customers,
Attributes, Qualities, &
Characteristics of an Entrepreneur
1. Self- Awareness
 Knows himself
- what he is good at and
what he likes to do
 His business is based on
his expertise in a
specific field
 Focuses in an area he
thoroughly enjoys
Attributes, Qualities, &
Characteristics of an Entrepreneur
2. Self-motivated
 Also known as ‘drive’
 Gets him going and
keeps him moving when
he is in business
 What gives him the
tenacity and confidence
to call on a potential
client