What do you see here? Of course people. Do you know them? Of course I think you know them.
What about this? Do you know them? Of course you don’t know them. These people have different
status in life. Some are billionaire. Some are famous athlete. some are actress and actor and some are
politician and ordinary people. But they have a common value among them. A teacher can be one of
them or any professional like a doctor, a lawyer, an architect so on and so forth. Can be included here
as well. Now my question here is what is a common value to them?
3rd slides
One who starts or assumes control of a BUSINESS or other independent enterprise
INNOVATION is a facilitator of entrepreneurship and a way of empowering people to take charge of
their lives and economic prosperity. At the same time, entrepreneurship is the answer to innovation
both at individual business-level.
It has the ability to improve standards of living and create WEALTH for related businesses.
STRATEGY is where you will focus your efforts to achieve your goals, and how you will succeed—or,
“where to play and how to win.” It defines a specific course of action that will take you from where you
are now to where you want to be.
4th slides
Ok let us try to take a look at our lesson objectives so you students at the end of this lesson or
expected to
OBJECTIVES:
[Link] what it means to be an entrepreneur?
[Link] are the Ways of Entrepreneur’s Contribution for Sustainable Economy ?
[Link] are the characteristics and skills of entrepreneurs?
4. Explain why entrepreneurship is changing the world?
5th slides
Ok let’s see our topic this morning is all about entrepreneurship
6th slides
New products and services created by entrepreneurs can produce a cascading effect, where they
stimulate related businesses or sectors that need to support the new venture, furthering economic
development.
For example, a few information technology companies made up the IT industry in India during the
1990s. The industry quickly expanded and many other sectors benefited from it. Businesses in
associated industries—such as call center operations, network maintenance companies, and hardware
providers—flourished. Education and training institutes nurtured a new class of IT workers who were
offered better, high-paying jobs.
7th slides
An economy is much dependent upon the performance level of its entrepreneur. He or she plays a vital
role in the growth of the national income as well as raising the per capita income of the people.
How does an entrepreneur stimulate the economy?
Investment – Then entrepreneur has to invest in what is required for the economy. Economic progress
will much depend upon his or her contributions. Any entrepreneur will invest in products and services
which the people need. His or investment will ensure a better life for the people. More goods and
services will be at their disposal.
Employment – An entrepreneur by setting up various businesses and establishments is generating
employment in the economy. People need jobs. This is a major contribution that an employer can make
to provide income to an employee who can meet his or her needs.
Diversity in products and services – An entrepreneur can provide various types of goods and services to
the consumer. The latter has much to choose from. A consumer after all would like to have a good
bargain, and if his or her choices are more than he or she can get these products or services at
reasonable rates. Also personal desires are met if there are products and services to choose from. A
person may like a particular type of tie and he can perhaps locate it in his local market. His desire to
purchase a tie of his choice is thus met.
International trade – An entrepreneur promotes international trade by selling his or her products
abroad. Any entrepreneur would like a wider market. If there are more consumers to purchase his or
her products, the higher his profits.
Contributes to gross national product – An entrepreneur makes much contribution to the national
exchequer and to the national economy as whole. The GNP of the country is calculated based upon the
total number of products and services available in a respective country. The more products and services
available the higher the GNP. It indicates the economic prosperity of the country.
The entrepreneur is essential for the economic development of a country. The progress of a country will
depend upon his skill and talent as well as hard work to deliver necessary goods and services required by
the citizens of his or her country.
8th slides
1. First jeff bezos it has a networth of 197 billion US$. Founder of Amazon website
Amazon is known for its disruption of well-established industries through technological innovation and
mass scale. It is the world's largest online marketplace, AI assistant provider, live-streaming platform
and cloud computing platform as measured by revenue and market capitalization.
2. Next is Elon Musk it has a networth of 175 billion US$ founder of spacex
SpaceX designs, manufactures and launches the world's most advanced rockets and spacecraft. It
became the first company to launch a resupply mission to the International Space Station in 2012.
Next is Bill Gates it has a networth of 143.5 billion US$ and founder of Cascade Investment. A
Technology advisor of Microsoft
His passion for technology and computing eventually fueled the world's largest software
business, Microsoft, with the goal of getting a computer onto every person's desk. ... Along with
his partner and childhood friend Paul Allen, Gates transformed the world of personal computing
through the Windows computer platform. A computer programmer and entrepreneur who
cofounded Microsoft Corporation, the world's largest personal-computer software company.
3. Next is Bernard Arnault it has a networth of 131.6 billion US$ and chairman of Loise Vuitton
company. the world's largest luxury-goods company. For example Accessories, such as jewelry
and high-end watches. Luggage. A high-end automobile, such as a sports car. A yacht. Wine.
Homes and estates.
4. Next is Mark Zuckerberg it has a networth of 118.2 billion US$ and founder of facebook
Mark Zuckerberg makes between 6 and 12 million dollars per day, which results in an
estimated yearly earning of more than 3 billion dollars. Much of this wealth is tied to the
success of Facebook in stock values.
9th slides
Business skills are skills that help people understand the consumer and organizational behavior
and use this information to promote the success of the company.
Communication skills are needed to speak appropriately with a wide variety of people whilst
maintaining good eye contact, demonstrate a varied vocabulary and tailor your language to your
audience, listen effectively, present your ideas appropriately, write clearly and concisely, and
work well in a group.
Computer skills
Today, nearly every job requires a basic understanding of computers, and many jobs involve
intermediate to advanced computer skills. This can include knowledge of specific software,
applications or devices. Below, you’ll discover more information about the type of computer
skills employers commonly look for in job [Link] you’re employed in customer
service, manufacturing, food service or tech, employers use computer applications to automate
certain tasks, streamline communication and more.
Problem solving skills
Problem solving often involves decision making, and decision making is especially important for
management and leadership. ... Problem solving and decision making are closely linked, and
each requires creativity in identifying and developing options, for which the rainstorming
technique is particularly useful.
Mathematical skills are conceptualized as a separate area that includes verbal components
(number knowledge, counting, computation, and reasoning) and nonverbal components (math
notation, reasoning in time and space, and computation).
Organizational skills are the abilities that let you stay focused on different tasks, and use your
time, energy, strength, mental capacity, physical space, etc. effectively and efficiently in order to
achieve the desired outcome.
People skills are patterns of behavior and behavioral interactions. Among people, it is an
umbrella term for skills under three related set of abilities: personal effectiveness, interaction
skills, and intercession skills.
Entrepreneurship is about changing the world
10th slides
Entrepreneurship is about changing the world
They create jobs, drive innovation, they empower their employees to develop their skills and abilities.
They bring new ideas, products and employ other people to create a healthy standard of living.
11th slides
Thomas Alva Edison
One of the most famous and prolific inventors of all time, Thomas Alva Edison exerted a tremendous
influence on modern life, contributing inventions such as the incandescent light bulb, the phonograph,
and the motion picture camera, as well as improving the telegraph and telephone.
Henry Ford was an American automobile manufacturer who created the Model T in 1908 and went on
to develop the assembly line mode of production, which revolutionized the automotive industry. As a
result, Ford sold millions of cars and became a world-famous business leader.
Martin Cooper ,American engineer who led the team that in 1972–73 built the first mobile cell phone
and made the first cell phone call. ... He is widely regarded as the father of the cellular phone.
Steve jobs
He was the first to develop mass-produced personal computers. What’s more, is that Jobs started the
advancement of the visual impacts industry which appealed to people. Steve Jobs' accomplishments
continue to have profound effects today. The competition created from the introduction of the iPod,
iPhone, and iPad has revolutionized the technology industry. Consumers have benefited from
developments in phones and computing, and have a wider array of choices when purchasing computers,
phones, and tablets.
Tim Berners-Lee changed the world: he invented the World Wide Web. He then gave the web to all of
us for free – a move that sparked a global wave of creativity, collaboration and innovation never seen
before. The web has changed the world, but that free and open web is today under threat. The world
wide web opened up the internet to everyone, not just scientists. It connected the world in a way that
made it much easier for people to get information, share, and communicate. It has since allowed people
to share their work and thoughts through social networking sites, blogs, video sharing, and more.
So how did Bill Gates change the world? He did change the world through technological innovation,
keen business strategy and aggressive business tactics, and by charities, he has donated billions of
dollars and continues to do it up to this day. He dropped out of Harvard to chase his entrepreneur
carrier and so he and his partner Paul Allen built the world’s largest software business, Microsoft. And
Microsoft changed the world completely, like 90 % Of the computers we use today, use Windows
Operating System which is made by Microsoft and computers are actually the driving force of the world
today, like almost everything is done by computers. So you can imagine the impact he had on the world.
Now let me tell you how much money he has donated.. He has donated $37 billions in his life time and
this number will continue to grow guys.
13 slides
Advantages of Entrepreneurship
Control Being you as an entrepreneur will make you in control of everything, you have the right to
choose your own working time and make the most of your strengths and skills, so you will have high
results in business.
Excitement Working as an entrepreneur is very exciting especially in business. Each day is filled with
new opportunities to challenge your abilities, skills, and determination. is not that great!
Freedom Working as an entrepreneur will give you the freedom to work anywhere you want, any place,
and any time and this will make the work you do is more efficient and it will make your business better.
Flexibility Entrepreneurs can schedule their work hours around other commitments, including spending
quality time with their families, friends, lover, and spend more time in their natural life.
Big Salary Most of those who are business owners can earn a big salary. It changes from month to
month but usually, it is big as all the profits you can take it for your own.
Gaining Relations Being you a business owner will give you a chance to gain relations in business with
those who work in the same field as you, so you could improve your business and trade with them.
You Are The Boss One of the greatest advantages of being an entrepreneur that you will have no boss to
bother you or tell you what to do. You will do your own, also you will work any time you want by the
vision you see it good.
Disadvantages of Entrepreneurship
Long Work Hours In the beginning, every business owner must sacrifice and spend long working hours
to put a strategy and plan for work, also until everything is ready you can decrease the number of
working hours.
Hard Competition It can be difficult to compete with other businesses at the beginning of the work. This
means that you have to differentiate your business from others in your niche in order to build a solid
customer base and, finally, become profitable.
Big Responsibility One disadvantage of entrepreneurship is being responsible for all aspects of the
business. An entrepreneur must handle everything from sales to accounting to product development as
well.
14 slides
Deuteronomy 8:17-18
You may say to yourself, “My power and the strength of my hands have produced this wealth for me.”
But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so
confirms his covenant, which he swore to your ancestors, as it is today.
This verse is extremely important for us as entrepreneurs to remember. Our wealth does NOT come
from our own efforts. Our wealth comes from God alone because he is the one who gives us the ability
to produce wealth in the first place.
Just as he provided for the Israelites in the wilderness, he provides for us in our own circumstances,
even in our businesses. The provision comes in many forms and in this verse, it is talking about the
ability that God gives us in order to do our jobs. We just need to acknowledge this and give thanks to the
one who gave us this ability.
