1. Introduction
to
Entrepreneurship
Impact of Entrepreneurship
on
National Development in
Jamaica

2. Objectives:
At the end of this presentation you should be able
to:
Define entrepreneurship and National
Development.
Explain the impact of entrepreneurship
nationally.
Discuss the Pros and Cons of entrepreneurship.

3. Entrepreneurship?
Entrepreneurship is the capacity and
willingness to develop, organize and
manage a business venture along
with any of its risks in order to make
a profit.

4. National Development
National development is the ability of a
country or countries to improve the
social welfare of the people. e.g. by
providing social amenities like quality
education, portable water,
transportation infrastructure, medical
care, etc.

5. The impact of
entrepreneurship on
national development
in Jamaica

6. • positive impact of entrepreneurship on
national development in Jamaica are
remarkable and varies from Creating
large scale employment opportunities,
Promotes balanced regional
development, Improvement in
standard of living, Facilitates Overall
Development. On the other hand there
are negative impacts which vary from
wastage and plundering of resources.

7. Socio-cultural Entrepreneurship
Perspective
The culture of a country refers to the
practices and beliefs that people hold
therefore people grow up in different
societies that shapes their beliefs, moral
and valves. Socio- culture affects the way
customers think and use certain
products.

8. Socio-cultural Entrepreneurship
Perspective
Entrepreneurship has been growing
exponentially which is a very positive sign
and has helped to draw millions out of
poverty, decrease unemployment, decrease
the number of people dependent on social
welfare and all in all uplift the living standards
and quality of life of millions

9. Political and economical
perspectives
Unstable political conditions where government
policies changed frequently discourage
businesses as investors fear for the safety of their
investments.
High taxes that cut in to the returns usually
discourage entrepreneurs.

10. Impact of the Economy on
Entrepreneurship
Entrepreneurs play a vital role in
economic development as key
contributors to technological
innovation and new job growth

11. Impact of the Economy on
Entrepreneurship
Entrepreneurs help build
communities in ways such as
providing jobs, conducting business
locally, creating and participating in
entrepreneurial networks, investing in
community projects, and giving to
local charities.

12. Advantages of an Entrepreneur
 Independence - being your own boss
 Low start up and maintenance cost
 No RED Tapes
 Focus Niche Market
 Creates Large-Scale Employment Opportunities:
 Promotes Balanced Regional Development:
 Improvement in the Standard of Living:
 Wealth Creation and Distribution:

13. Disadvantages of
Entrepreneurship
Risk of no Salary:
Less/No Benefits:
Unpredictable and hectic Work schedule:
Being your own Administrator:
Incompetent staff:
Unclear Procedures:

14. Conclusion
• The positive impacts of entrepreneurs on an
economy far outweigh the negative impacts.
• Job creation, reduction in unemployment levels,
increased competition, opening new markets,
increasing productivity, foreign income
generation and poverty alleviation are some of
the positive impacts that entrepreneurs have on
an economy.

15. Conclusion
However this is not to say that there
are no negative impacts such as the
wastage and plundering of resources,
yet taken as a whole it is apparent
that the entrepreneurs positively
impact an economy.

16. End of Presentation