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  defines an entrepreneur as one who
always searches for change, responds to it and exploits
it as an opportunity.
m ! " defines an entrepreneur as
an individual who bears the risk of operating
a business in the face of uncertainty.

# ! $% Organization

defines ´ Entrepreneurs are people who have the ability
to see and evaluate business opportunities; together
with the necessary resources to take advantage of
them; and to initiate appropriate action to ensure
success.
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a. Administrative ability
b. Organization skills
c. Intelligence
d. Creativity
e. Innovation
f. Clear objective
g. Business Secrecy
h. Sound Knowledge
i. Emotional stability
j. Public relations
k. Effective communication
l. Technical knowledge
m. Risk bearer
n. Highly motivated
o. Hard working
p. Growth oriented
q. Self confidence
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c. Product analysis and market research.
d. Determination of form of ownership/ organization
e. Completion of promotional formalities.
f. Making necessary arrangements for finance to
implement the project by approaching State
Financial Corporation for long term loan and banks
for working capital loan.
g. Undertaking building construction, if readyshed is
not taken.
h. Plant and machinery
i. Getting electrical power connection and other utilities.
j. Arranging for various raw materials and
consumables.
k. Appointing key managerial / supervisory persons.
l. Recruting required manpower i.e; skilled, semiskilled
and unskilled(helpers).
m. Undertaking trial productions.
n. Commencing the commercial business operations.
o. Marketing the prioducts.
p. Taking the feedback from the market for customer
satisfaction.
q. After stabilising the commercial business operations,
PRC issued by District Industries centre has to be
converted into PMT by filing necessary required
application.
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a. Manufacturing
b. Wholesaling
c. Retailing
d. Service

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a. Solo Operators
b. Active partners
c. Inventos
d. Challengers
e. Buyers
f. Life timers
 &&!m&

a. Steve Wozniak - Apple Computers

b. Bill Gates ² Microsoft
c. Oprah Winfrey - Harpo Inc.
d. Michael H. and Jay Arrington ² Harper-
Arrington Publishing and Media
e. Steven Spielberg - Dreamworks
f. Sam Walton - Walmart
'!(m&
 Meaning of entrepreneurship development

 Entrpreneurship development approaches

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a. Selecting potential entrepreneurs

b. Target groups

c. Validation of selection Process

. 6
a. Acheivement Motivation

b. Business opportunity and project selection

c. Business management

3.

 6

!m&m('!(
. Promotes effective capital formation by mobilising the
idle savings
b. Provides large scale direct and indirect employment
to the unemployed people in the country and thereby
helps the government to overcome socio-economic
problems
c.Improves standard of living.

d.Promotes balanced regional development.

e.Helps to reduce the concentration of wealth and

economic power in the hands of a few people.

f. Stimulates the equitable distribution of material

resources, wealth, income, even political power in the
interest of the country.

g. Encourages effective resource mobilisation of capital

and skill which mightr otherwise remain unutilised and
idle.
h.Helps in harnessing vast natural resources of the
country for economic growth.

i.Helps the country to become a developed nation and

improve its status in the world.

j.Contributes substantially in country·s export trade

and thereby helps the country to earn vital foreign
exchange
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