Entrepreneurship

By Gabriella Jovita, Emerencia Audy, Jessica Anggana,

Gabriella Edny, Pasha M Shaquille
Entrepreneurship
Entrepreneurship is the act of being an
entrepreneur or one who undertakes innovations,
finance and business acumen in an effort to
transform innovations into economic goods
The Role of Entrepreneurship
A) As innovator, the role of entrepreneur is to create:
- The new product
- The new technology
- The new image
- The new organization
B) As planner, the role of entrepreneur is to design:
- Corporate plan
- Corporate image
- Corporate organization

To create the role we have to:
- Develop new technology
- Find innovation
- Fix the goods and services provided
- Find a new way to provide goods and services with lower price
3 Important Thing of Role of
Entrepreneur
1) As the captain of industry:
That started from technician that succeeded to find something new
not because of he purposely look for it but because of the power
of innovation.
2) As a business man:
That is someone who analyzed many kind of peoples needs,
stimulate new needs and the main attention is sales.
3) As the captain of finance:
That is someone who pursue money, collect money and combine
financial sources since young.
Terms & Condition
Characteristic Character
1. Confidence

2. Task-oriented and results



3. Risk-taking

4. Leadership
5. Originality
6. Future-oriented
Faith, independence, individualism
and optimism.
Needs of achievement, profit
oriented, perseverance and
persistence, determination, hard
work, have a strong encouragement,
energetic and initiative.
The ability to take risk that is common
and love challenge.
The act of leadership.
Innovative, creative and flexible.
Looking forward, perspective.
SECTOR
Formal sector
The formal sector is a sector that operates the official (formal) since the
inception requires certain conditions such as the deed of incorporation,
business license, articles of association and others. The formal sector has
certain characteristics, traits formal sector include:
a. Have permission.
b. Requires a relatively large capital.
c. Using a systematic and regular bookkeeping and financial
membuatlaporan to know the financial situation and earnings / rugiyang
obtained.
d. Profits derived relatively large.
e. Make payments to the state tax, such tax liability (if business entity form
PT), and the income tax (for owners).
f. Generally located in urban or industrial areas. Form of business entity of
the formal sector include PT (PerseroanTerbatas), CV, firms, cooperatives
and other businesses that require a permit or certificate of incorporation.
Due to large capital, general entity-formal sector entity has one or more
companies to do business

Informal Sector
The informal sector is a sector that operates informally (informal), since the
establishment generally does not use terms such as deed of incorporation, articles of
association, business license and others. As the formal sector, the informal sector
also has features such as:
a. Generally do not have permission.
b. Require relatively small capital.
c. Using a simple bookkeeping and some even tidakmenggunakan books altogether.
d. Profits derived generally relatively small
do not pay taxes to the government (except bilapenghasilan large enough for owners
of taxable income).
f. Housed in all directions, can be in urban rural areas.
g. Price of goods or services being sold are generally relatively inexpensive.


Forms of informal sector enterprises generally is an entity in its founding individuals
do not need to use the deed of incorporation. However, for certain industries such as
rice mills and inns, although owned individually must still get permission from the
local government
At first glance, it seems trivial compared to the informal sector formal.Akan but in fact,
the existence of informal sector to help the economy of Indonesia. Evidently when the
monetary crisis hit Indonesia in 1997 informal sector has demonstrated its importance
with a buffer (silencer) turbulence in the labor market in a way to accommodate the
millions of workers retrenched workers (Termination of Employment) occurring in the
formal sector. The informal sector has made poverty rate jumped by an estimated no.
After the crisis, the informal sector continued to show the importance of the role of
the security sector by being in the middle of the inability of the government and formal
sector in providing employment. In fact, in the last six years there is almost no
additional new jobs in the formal sector, the opposite is shrinking employment
Prof. Mubyarto and other development economists identify the informal sector as the
economy, the economy that involves the majority of the people. That means
empowering the informal sector is synonymous with economic empowerment of the
people represented by the many MSMEs (Micro, Small and Medium Enterprises). For
comparison, in the newly industrialized countries such as Singapore, Hong Kong,
South Korea and Taiwan, small businesses are a form of informal sector in focus and
empowerment in order to develop the business into a bigger and more powerful.