BASICS OF

ENTREPRENEURSHIP

-By

Yeatesh Sabharwal

• The BOSS !!!!

• The Business Owner

• The Risk Taker

• One Who Starts A New Business

• The Resourceful Guy

French Word Origin

EntrepreneurshipAccording to George Glider –From “The Spirit of the Enterprise”

“It is making the World forever NEW.It is taking AGGRESSIVE Actions.”

According to Joseph Schumpeter

“It is destroying the old order and creating new ones.”

The Entrepreneurial Mindset

Opportunity Seizing

Opportunity Screening

Opportunity Seeking

-In a Business Sense, it is an Idea that has Commercial Potential.

-Something you can make money with,develop a business around it, or create value with it.

• Mastery Of Self1

• Mastery of Opportunity2

• Mastery of The Enterprise3

MASTERIES FOR AN ENTREPRENEUR

Traits of An Entrepreneur: D’s

• Dream

• Determined

• Details

• Decision

• Distribute

• Destiny

• Devotion

• Dedication

Traits of An Entrepreneur: F’s

• Founder

• Faith

• Focused

• Fast

• Fun

• Flexible

• Flat

• Forever Improving

Compelling Reasons Why Do We Need Entrepreneurs???

• 90% of the World’s Jobs are Created By Entrepreneurs.

• Problem Solvers

• Source of New Products and Innovation.

• It’s the Entrepreneurs- not the Central Bank- that keeps the ECONOMY moving.

THREE COMPETENCIES OF THE COMPLETE ENTREPRENEUR

Originator

Operator OrganizerIMPLEMENTER

THE LAST WORD!!!