2. Entrepreneur work comes form FRENCH origin meaning “ to undertake”
Entrepreneur take initiation for profits
Entrepreneur
3. Entrepreneur
An entrepreneur is a person who searches
for changes and responds to it by
starting a enterprise.
Who setup a business or a set of business
for taking financial risk in the hope of
profits.
An entrepreneur introduce new idea,
carries new activities, co-ordinates the
factor of production and describes now
business should run.
Entrepreneur
(Person)
Entrepreneurship
(Process)
Enterprise
(Outcome)
4. DIFFERENCE BETWEEN ENTERPRENEUR AND MANAGER
S.N
.
ENTREPRENEUR MANAGER
1 Set up a new venture Only runs an existing unit
2 Entrepreneur is another name of
innovation who work to find new
method & products etc.
An employee of business
organization. He cannot operate
independently
3 He takes calculated risks and he is
responsible for failure and financial
He takes less risks as compare to
entrepreneur
4 He starts & run his venture
independently. He self employed &
he is own BOSS
He cannot be an innovator. He
deals with the day to day affairs of
going concern.
5 He is motivated by profits and he
may even suffer loss.
He is motivated by rewards or
incentive. His salary cannot be
negative.
5. Entrepreneurship
The activities one by an entrepreneur for setting up a
business or set of business, taking on financial calculated
risk in the hope of profits
ACTIVITY
PERFORM BY
ENTERPRENEUR
CREATIVITY THOUGHT
PROCESS
ENTERPRENEURSHIP
Entrepreneur give some idea or transformational information that boost the business
to the next level
6. WHY ENTERPRENEURSHIP..?/ Rewards of
Entrepreneurship
Being your own boss
Doing something you enjoy
Being creative
Setting your own schedule
Having job security
Making more money
Being recognized in the community
Work satisfaction
7. Characteristic of an entrepreneur
ENTREPRENEUR
Self starter
Determination
Creative
Self confidence
Discipline
Passion
Action oriented
leadership
Endless curiosity
Risk taking
Winning
performance
Goal oriented
Open minded
competitiveVisionary
8. Key point that only important for an
entrepreneur
CREATIVTY INNOVATION
Ability to make
something new
Moving from known
to Unknown
It should be based on
future disruptive
projection
State of mind that
come change 100%
9. Life line of the nation
Provide innovation
Growth of economy
Increase profits
Employment opportunity
IMPORTANCE OF ENTREPRENEURSHIP
10. Entrepreneur
Developed their own
business and earn high profit
•No fixed money
•No earning limit
Serviceman
Work with in an organization
•Fixed money
•Earning limit
Increase Profits
11. REASON BEHIND SUCCESS OF ANYBUSINESS
• Customer need is food for your growth factory
• Create pipeline of promising idea
1. They focus on customer need
2. Not on technology, manpower, process,
facility
1. Team for encouraging to
ask/discussion
• Pilot experimentation & validation
1. Pilot scale-up / small proto type test
2. Experiment/validate/reaction/ feed back
• Commercialization launch & Ramp up
1. Implement on large scale
2. Create network/ distributor/partner/
dealers
3. Create supply chain
AGILITY STABILITY SUCCESS
Implement of concept of 5P
Price/People/Product/
Process/Promotional
• Improvement cycle
12. Founder Jeff bezos
library online submit
1995
First Launch E.Com
platform for selling
book online
Founder (2007)
Sachin Bansal/ Binny
Bansal
Founder (2009)
Garrett Camp
Founder (2010)
Rohit Bansal / Kunal
Bahl
Out of box thinking
Traditional work + new
technology = innovation
Generate
employment
observed day to
day problem of
people
Simply change
the lifestyle
