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Entrepreneurship&Innovation
By-JwolitBudhathoki
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Basics of Entrepreneurship Makeuseofallthedisciplinesyouhavelearned
Knowyourselfbetter
Assessyoursituation
StartingyourownBusinessVsSalariedEmployment
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Basics of Entrepreneurship GetRealistic
Knowallthecorners
DevelopyourownStyle
ThePitfallsofSuccessStories
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The Evolution of Entrepreneurship EntrepreneurisderivedfromtheFrenchwordsentre,
meaningbetween,andprendremeaningtotake.The
wordwasoriginallyusedtodescribepeoplewhotake
ontheriskbetweenbuyersandsellersorwhoundertakeatasksuchasstartinganewventure.
Althoughnosingledefinitionofentrepreneurexistsand
nooneprofilecanrepresenttodaysentrepreneur,researchisprovidinganincreasinglysharperfocuson
thesubject.
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Robert C. Ronstadt put together a summarydescription Entrepreneurshipisthedynamicprocessofcreatingincrementalwealth.Thiswealthiscreatedby
individualswhoassumethemajorrisksintermsof
equity,time,and/orcareercommitmentofproviding
valueforsomeproductorservice.
Theproductorserviceitselfmayormaynotbenew
oruniquebutvaluemustsomehowbeinfusedbythe
entrepreneurbysecuringandallocatingthe
necessaryskillsandresources.
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An Integrated Definition Entrepreneurshipisadynamicprocessofvision,change,andcreation.Itrequiresanapplicationof
energyandpassiontowardsthecreationand
implementationofnewideasandcreativesolutions.
Essentialingredientsincludethewillingnesstotake
calculatedrisks-intermsoftime,equity,orcareer;the
abilitytoformulateaneffectiveventureteam;the
creativeskilltomarshallneededresources;the
fundamentalskillsofbuildingasolidbusinessplan;
and,finally,thevisiontorecognizeopportunitywhere
othersseechaos,contradiction,andconfusion.
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Why Become an Entrepreneur?
BeTheirownBoss
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Why Become an Entrepreneur?
PursueTheirownIdeas
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Why Become an Entrepreneur?
PursueFinancialReward
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Common Myths about Entrepreneurs
Myth1:Entrepreneursareborn,notmade
Myth2:EntrepreneursareGamblers
Myth3:EntrepreneursaremotivatedprimarilybyMoney
Myth4:Entrepreneursshouldbeyoungandenergetic
Myth5:Entrepreneurslovethespotlight
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Motto of Entrepreneurs
Conceiveit
Believeit
Achieveit
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Characteristics of successful entrepreneurs1.PassionfortheBusiness
2.Product/CustomerFocus
3.TenacityDespiteFailure
4.ExecutionIntelligence
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Common traits of entrepreneurs
AchievementMotivated LengthyAttentionSpan
AlerttoOpportunities Persuasive
Creative Promoter
Decisive ResourceAssembler
Energetic Self-Confident
HasaStrongWorkEthic SelfStarter
IsamoderateRiskTaker Tenacious
IsaNetworker Visionary
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Interview an Entrepreneur(IndividualAssignment)
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LetsformTeams
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Its nice Knowing you allThank you!!!