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WELCOME

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ENTREPRENEUR

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MEANING

The word derived from the french word

Entreprendre

Which means who undertake the risk of newENTERPRISE

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INTRODUCTION

The agent who buys mean of production atcertain prices in order to combine them intoa product .

Which going to sell at uncertain prices.

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According To Peter F. Drucker

Entrepreneur ,

Is must be an innovator

Capable to analysis the opportunitiesMust be very simple to understand

He need not be owner of the business

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TRAITS OF GOOD ENTREPRENUER

INNOVATOR

RISK TAKER

GOOD ORGANIZER

SELF CONFIDENCE

DECISION MAKER

HARWORKER

GOAL SETTER

HIGHLY OPTIMISTIC

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SOCIALLY RESPONSIBLE

STRATIGIC PLANNER

BOLD AND BRAVEGOOD COMMUNICATER

MENTALLY SOUND

LEADERSHIPACCOUNTABILITY

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FACTORS EFFECTINGENTREPRENEUR

ENTREPRENEURIALS

PROMMOTIONAL FACTORS

MANAGERIAL FACTORSCOMMERCIAL

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ENTREPRENEURIAL FACTORS

INNOVATION

RISK TAKING

ORGANISATION BUILDER

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PROMOTIONAL

DISCOVERY OF AN IDEA

DETAILED INVESTIGATION

ASSEMBLING THE REQUIREMENTS

FINANCING THE PROPOSITION

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MANAGERIAL FACTORS

PLANNING

gathering information , set objectives

reviewing limitation , implementation ofplans

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ORGANISING

To identify the work to be professional

To delegate authority

Co-ordination between various factors

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DIRECTING

LEADERSHIP

MOTIVATION

SUPERVISION

CONTROLLING

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COMMERCIAL FACTORS

PRODUCTION

FINANCE

MARKETING

PERSONNEL

ACCOUNTABILITY

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TRAITS OF SUCCESFULLENTREPRENEUR

KNOWLEDEGE OF THE ORGANISATION

TECHNICAL KNOWLEDGE

ADMINSRATIVE ABILITY

ABILITY TO INPIRE

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ABBILITY TO COMMUNICATE EFFECTIVELY

ABILITY TO LISTEN

ABILITY TO JUDGE PERSON

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LEADERSHIP QUALITY

SOCIAL SENSIBILITY

PHYSICALLY ENERGETIC

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ENTREPRENEURS CLASSIFIACTION

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INNOVATIVE

introduce new products ,

new method of production ,Open new markets

Innovating entrepreneurship esperiments

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ADOPTIVE

They adopt the successful innovationinnovated by other.

Make some changes in the othersinnovation , so to suit their requirements.

also known as IMITATIVE ENTREPRENEUR

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FABIAN

Follow the foot steps of others successors.

Fabian are not risk takers

Lazy

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DRONE

Drone are more Lazy then the Fabian inadopting new methods,

but more rigid than Fabian.

They resist changes

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ENTREPRENUERS VS. MANAGER

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PRIMARY MOTIVES

Manager wants want promotion

Entrepreneurs want freedom

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SKILLS

Professional managers are often businessschool trained.

Entrepreneurs knows business intimately ,

and learn through experiences.

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RISK

Managers are very careful

Entrepreneurs like calculated risk.

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STATUS

Managers are employees

Entrepreneurs are the owners

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EDUCATIONAL LEVELS

Managers are highly educated

Entrepreneurs have less level of education