entrepreneur
- the world entrepreneur is derived from the French word interprint which means to undertake an interview is a individual who creates a new business during most of the risk and joining most of the award.
-according to Howard w Johnson entrepreneur is composite of the basic element that is invention, Innovation, and adaptation.
the term in a process refers to the function performed by the entrepreneur it is the process involving various action to be undertaken by the entrepreneur in the establishing using a new Enterprise.
According to Joseph schemupter entrepreneurs and innovators who use the process of entrepreneurship to settle the status of the existing products and services to set new products,and servics.
Entrepreneurship and Society
Entrepreneurship is affected by economics opportunity and guess the entrepreneur sleep in society in to promote in investment increasing production company in business reduce cost of dues and raise the standard of living in society.
1-Leadership- entrepreneur must possible that characteristics of leadership and must lead a team for achievement of Ghost the leader is able to clearly it clear that ideas at has clear vision entrepreneurs later realise the importance of initiative and reactive and they go out of their way to provide support to the team.
2-risk taking an interview with National planningand Final Decision bear the risk they have differentiated approach to always good entrepreneur Sharaabi ready to invest their time and money but they always have a backup for every risk take.
3-Innovationesswith the changing needs and requirements of customers production should meet enquiry with the help of innovative ideas and intracranial branches does not have to restrict its up to just one innovation or even one type of innovation success can be built one combination of innovation for example a new product delivery in a new way with a new message.
4- goal oriented India news achieved the maximum results from their equal to business due to the fact they've worked towards clear and measurable target.
5-decision maker- an entrepreneur has to take many decision to put his business idea into reality he should the best suitable and profitable alternative.
6-motivator -and entrepreneur has to create a speed of teamwork and motivate them so that he gets full cooperation from the employees.
7-self confidentand -interested have confidence to achieve his goalhe won't ever be able to convince his team to achieve his goal.
8-truth in self- entrepreneur believes on their own decision and action Recreation he does not believe in luck.
role and significance of entrepreneur
1- organiser of society productive resources
and entrepreneur is the origin of society private Vishwas is the person who assemble the unusual physical and human resources of the society combine them as properly stop this is effective coordination between them and make the economic activity dyanmics.
2-helpful in capital formation-
an interpreter is helpful in capital formation as we know that increased in the rate of capital formation enquiry essential for the economic development of any country those National which are not able to increase the rate of capital formation of does it normally remain backwards from industrial department points of view.
3-increase in Employment opportunity-
I need a player creates maximum employment opportunity in the society by way of establishing new industries developing and expanding the existing industries and by taking innovative activities.
4-development of new production
and interpreter field content only with the existing technique of drugs and carried out various treatment of saving time labour and capital in the production to improve the variety and quality of the product and service
5-risk taker
-inde Enterprises the international being the owner of the biggest risk take he is the one who finds one capital to backup the idea also the person who is accountable in the face of the failure of the particular idea.
myth of entrepreneurship
entrepreneurship is the site of activity performed by entrepreneur it is the process of identifying opportunities in the Marketplace the attempt to create value many interplay believe in the set of B follow in terminal and the most common are as follows
1-starting a business is easy +in reality it is very difficult and challenging process to start a successful business data of failure of new venture is very high but small entrepreneur are completely to start.
2-lots of money in finance new business-
successful entrepreneurs design their business with little cash also
3-talent is more important than industry-under the scheme like Mudra intrapreneurship can Tej tones from Bank.
4-most startups are successful mostly-in the development countriesstartup fail as they could not manage to earn high profit.
advantage of enterpreneurship
The main advantage of adopting entrepreneurship as a career at biscuit below-
independence-an interpreter is himself a boss or owner as he takes all the decision independently.
exciting-entrepreneurship can be very exciting with many entrepreneurs considering their venturas highly enjoyable everyday will he filled with new opportunities to challenge your determination skills and abilities.
wealth creation-the principal focus of interviews is wealth creation and improve every hood by means of making available goods and service in the adventure generate new wealth new and improved our products services and Technology for mint news enable new market of developed and new belt to be created.
status -successsuccess in India places being considerable Fame and Prestige with the society.
disadvantage of entrepreneurship
some of the advantages of entrepreneurship follow
huge amount of time-you have to dedicate a huge amount of time of your own business enterprise it is not easy and it is successful you have not to take a level after time commitment.
risk-I need a process in box high risk of law if the business has done it will wipe away all the personal savings.
hard work-in India has no work very bad to make the new business very successful.
uncertain income-there is no regular all fixed income available 24 hours daily consultant kind of income received by an interviewer.
incompetent staff-and are not able may not be able to her qualified and expensive stuff so there are chances of incomplete compulsory by disturb due to lack of experience and knowledge.
THANK YOU
