Who am I ?Name : Abdullah al mahfujDepartment : Textile. Program : B .sc in Textile Engineering .ID : 142014007Green University of Bangladesh

Concept of Entrepreneurship

DefinitionIt is the process of creating something new

with value by devoting the necessary time and effort, assuming financial and social risks and receiving the resulting reward.

It is also defined as the dynamic process of creating incremental wealth.

It is the ability to create and build a vision from practically nothing.

Concept of EntrepreneurshipIn all the definitions of entrepreneurship, we are talking

about a kind of behavior that includes;i. Initiative takingii. Organizing and re-organizing of social and economic

mechanism to run resourcesiii.The acceptance of risks of failure.

Who is Entrepreneur? Who is Entrepreneur? He/she is one who undertakes to organize,

manage and assume risks of a business.An innovator/developer Recognize and seizes opportunities, convert

those opportunities into workable/marketable ideas.

Add values through time, effort, money or skills,

Assumes the risk of the competitive market place to implement those ideas.

Importance of EntrepreneurshipImportance of Entrepreneurship

Helps entrepreneurs to fulfill their personal needs

New venture has economical contribution

Increase national income by creating new jobs

Act as a positive force in economic growth

Bridge the gap b/n innovation and the marketplace.

Function of Entrepreneur

• Innovation (material resources)

• Bearing risk and uncertainty• Organization building

• Perception of market opportunities

• Purchasing • Marketing• Managing etc.

Characteristics of . . . (what personal qualities do they have?)

Clear vision and objectiveDrive to achieveCommitment Initiative taking Persistent problem solvingSelf confidenceRisk taking ability