Everyone in the world has at least one talent, one passion, one hobby that can become profitable

if used correctly.

Process of creating something new and assuming the risk and rewards.

One who organizes, manages and assumes the risk of a business or enterprise. Entrepreneurship is the process of creating seizing an opportunity and pursuing it regardless of the recourses currently controlled

Entrepreneurship is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction of independence. Robert Hisrich

Entrepreneurship is a process undertaken by an entrepreneur to establish and to develop a new enterprise. It is a process of converting the idea of establishing an enterprise into its implementation.

Job creation Economic growth New technology Serving small market

Innovation or newness product or services Organizing recourses finance, people , psychical and information recourses. Creating new product or services. Generating wealth. Taking risk and business venture. Prepared to face uncertainly. Creating job opportunity. Increase the abundance of wealth generation for the nation.

Initiative Sees and acts of opportunities Persistent Information seeking Concern for high quality work and out put increase productivity. Commitment to work contract Efficiency orientation Systematic and organized planning Problem solving self confidence Assertiveness negotiation with suppliers and customers Persuasive & influential peers and stake holders Inspirational employs Effective communicators external and internal organization

 1. 2. 3. 4.

Four distinct process:Identification and evolution of the opportunity. Development of the business plan Determination of the required recourses Management of the resulting price

1. 2. 3. 4.

Opportunity to creates your own destiny Opportunity to make a deferens Opportunity to reach your full potential Societal responsibly and reorganization

Uncertainty of income Risk of loosing entire business investment Long hours and hard work Lower quality of life until the business get establish High level of stress Complete responsibly Discouragement

Business entrepreneurship fail because :Management mistake Lack of Experian's Poor financial control Week marketing efforts Failure to develop a strategic and effective plan Uncontrolled growth Poor location Improper inventory control Incorrect unsuitable pricing

Know your business in depth. Develop a good effective and solid business plan Manage your financial recourses effectively. Have a through and complete financial statement. Learn hire and mange people effectively. Keep psychically fit consume healthy food, and avoid addictive consumption cigarettes and alcohol .

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