Entrepreneurship Development

►Entrepreneurship is the art of starting a business, basically a startup company offering creative product, process or service. We can say that it is an activity full of creativity. An entrepreneur perceives everything as a chance and displays bias in taking decision to exploit the chance.✦

►An entrepreneur is a creator or a designer who designs new ideas and business processes according to the market requirements and his/her own passion. To be a successful entrepreneur, it is very important to have managerial skill and strong team building abilities. Leadership attributes are a sign of successful entrepreneurs. Some political economists regard leadership, management ability, and team building skills to be the essential qualities of an entrepreneur.✦

►The concept of an entrepreneur is refined when principles and terms from a business, managerial, and personal perspective are considered. In almost all of the definitions of entrepreneurship, there is agreement that we are talking about a kind of behaviour that includes:✦

➻ Initiative taking,

➻ The organizing and reorganizing of social and economic mechanisms to turn resources and situations to practical account and

➻ Acceptance of risk or failure.

►To an economist, an entrepreneur is one who brings resources, labour, materials, and other assets into combinations that make their value greater than before, and also one who introduces changes, innovations, and a new order. To a psychologist, such a person is typically driven by certain forces; the need to obtain or attain something, to experiment, to accomplish, or perhaps to escape the authority of others. To one businessman, an entrepreneur appears as a threat, an aggressive competitor, whereas to another businessman the same entrepreneur may be an ally, a source of supply, a customer, or someone who creates wealth for others, as well as finds better ways to utilize resources, reduce waste, and produce jobs others are glad to get.✦

【Topics Covered in This App are Listed Below】

⇢ Entrepreneurship - Introduction
⇢ Entrepreneurship
⇢ Motivation – An Important Factor
⇢ Why is Motivation Required?
⇢ What Motivates an Entrepreneur?
⇢ Results of Motivation
⇢ Enterprise & Society
⇢ Entrepreneurial Achievement
⇢ Why Start a Business?
⇢ How to Start a Business?
⇢ Entrepreneurship Development - Qualities
⇢ Skills of an Entrepreneur
⇢ Mind vs. Money
⇢ Determinants of Entrepreneurial Success or Failure
⇢ Environmental Dynamics & Change
⇢ Entrepreneurial Process
⇢ Preliminary Steps
⇢ Decision-making Steps
⇢ Planning Steps
⇢ Implementation Steps
⇢ Managerial Steps
⇢ Starting a Business
⇢ Go beyond the Business Plan
⇢ Test your Idea
⇢ Know the Market
⇢ Understand your Future Customer
⇢ Establish Cash Resources
⇢ Choose the right Business Structure
⇢ Entrepreneurial Environment
⇢ Role of Family
⇢ Role of Society
⇢ Industrial Policies & Regulations
⇢ Objectives of industrial policy
⇢ Industrial Policy Resolution 1956
⇢ Policy Measures
⇢ International Business
⇢ Importance of International Business
⇢ Factors in Business
⇢ Basic Modes of Entry
⇢ Risk of Business
⇢ Importance of Culture
⇢ Business Plan
⇢ Sources of Product
⇢ Pre-Feasibility Study
⇢ Criteria for Selection of Product
⇢ Ownership
⇢ Capital
⇢ Growth Strategies in Business
⇢ Market Penetration
⇢ Market Expansion
⇢ Product Expansion
⇢ Diversification
⇢ Acquisition
⇢ Product Launch
⇢ Entrepreneurship Development - Case Study
⇢ Achieving Sustainable Entrepreneurship Development
⇢ Economic Role of the Entrepreneur
⇢ Traits of an Entrepreneur