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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!!!