ENTREPRENEURSHIP
Name:- Shilpa Gautam
Roll no:- 111229545020
Class:- M.Com – 4 sem
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Contents
Meaning
Role and importance of entrepreneurship.
Self-employment opportunities
Self employment schemes
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Origin of word ENTREPRENEURSHIP
It is one of the four main economic factors
namely land, labour , capital, organization.
The word entrepreneur is derived from the
French word ‘Entreprende’ which means to
undertake some activity.
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ENTREPRENEUR
Entrepreneur is an innovative of new ideas and business processes.
He posseses management skills and strong team building abilities
and essential leadership qualities to manage the business.
He exercises initiative by organizing a venture to take the benefit of
an opportunity .
In business , he takes decides what , how and how much of goods
and services to be produced
He also uses new ideas and techniques for his products
He perceives opportunity ,organises resources needed for exploiting
the opportunity and exploits it .
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ENTREPRENEURSHIP
It is the ability to create and build something . It is a
knack of sensing the opportunity where others see
chaos , contradiction and confusion .
Entrepreneurship is the attitude of mind to seek
opportunities , take calculated risks and derive
benefits by setting up a venture which comprises of
numerous activities involved in it .
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CHARACTERISTICS OF AN ENTREPRENEUR
Creativity
Dynamism
Team building
Problem solving
Risk taking
Commitment
Innovation
Leadership
Achievement motivation
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FUNCTIONS OF ENTREPRENEUER
Idea Generation
Business Planning
Risk Assessment
Fundraising
Team Building
Marketing and Sales
Operations Management
Networking
Decision Making
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Importance of Entrepreneurs
They serve as the spark plug in economy’s engine, activating
and stimulating all dynamic activities
For the economic progress.
Society becomes prosperous.
Promotes capital formation by mobilizing the idle savings.
Uses of resources.
Industrial and economic development.
Takes the risk of the enterprise in search of profit
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SELF EMPLOYMENT OPPORTUNITIES FOR
ENTREPRENEURS
The self-employed are a backbone of a nation. The corner tea
shop, mom-and-pop grocery, scrap dealer and the internet ciber
shops are some of the examples of self employed
entrepreneurship. Encouragement and help to compete in the
global economy is very essential.
The Government of India has been at the forefront to promote
private entrepreneurship by providing the right socio- economic
eco - system for innovation and development. The key to
transforming an individual from being “self employed” to become
an “entrepreneur” is the establishment of a business organisation.
The Ministry of Micro, small and Medium entreprises is the off-beat
of this change. As majority of new business enteties are launched
with minimum capital and maximum vision, any individual
interested in setting up an unit has a vast opportunity to select
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Some of the important financial
institutions helps to self Employment
1) Industrial Development Bank of India (IDBI)
2) National Bank for Agriculture & Rural Development (NABARD)
3) Export and Import Bank (EXIM BANK)
4) Small Industries Development Bank of India (SIDBI)
5) Industrial Finance Corporation of India (IFCI)
6) Industrial Credit & Government Corporation of India(ICGCI)
7) Industrial Re-construction Bank of India.
8) Commercial & other Banks
9) State Finace corporations.
10) Life Insurance Corporation of India (LIC)
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Self employment Schemes
Finance is one of the essential requirement to start
an entreprise. Without adequate funds, no business
can be started or developed. To meet this
requirement, the governments both at the Central
and State levels have set-up several financial
institutions. These financial institutions help even
small scale industries by providing loans.
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Promotional Organisations
Government at State and Central level have
introduced many measures to support the growth
and development of entrepreneurs. A number of
promoting agencies and institutions have been
setup to help emerging entrepreneurs to start
especially small & medium scale enterprises.
These institutions support the entrepreneurs in
respect of training, financing and marketing.
THANK
YOU
