CONCEPT

OF
ENTREPRENEURSHIP

Monirba {Allahabad university}

Supported by – Manish kanojia (MBA III sem}

AMIT UPADHYAY
WHAT IS ENTREPRENEURSHIP ?
ENTREPRENEURSHIP IS THE PROCESS OF
SETTING UP ONE`S OWN BUISNESS AS
DISTINCT FROM PURSUING ANY OTHER
ECONOMIC ACTIVITY, BE IT EMPLOYMENT OR
PRACTISING SOME PROFESSION.

AMIT UPADHYAY
 SVO ANALOGY

ENTREPRENEUR ENTREPRENEURSHIP ENTERPRISEE

THE PERSON/THE THE PROCESS/THE ACT THE OUTCOME

ACTOR
SUBJECT VERB OBJECT

AMIT UPADHYAY
 ENTREPRENEUR
• AN ENTREPRENEUR IS A PERSON WHO IS
WILLING AND ABLE TO CONVERT A NEW IDEA
OR INVENTION INTO A SUCCESSFUL 
INNOVATION

AMIT UPADHYAY
 ETYMOLOGICAL EXPLANATION

• FRENCH ORIGIN

• “ENTREPRENDE”
• FIRST USED BY RICHARD CANTILLON
IN THE EARLY 18TH CENTURY

AMIT UPADHYAY
CHARACTERISTICS OF ENTREPRENEURSHIP

Accepting
challenge
organisation
VISION
Decision-making
Skillful
managementnt
Risk-taking

Making the
innovation enterprise a
ENTREPRENEURSHIP success

AMIT UPADHYAY
 NEW TREND
In 2009, a new type of entrepreneurship
emerged known as LILO entrepreneurship.
LILO stands for "a little in, a lot out". This
type of entrepreneurship does not use
business plans; opting for an immediate
try-out at minimal expense instead. LILO
enterprises are set up with a minimum of
start-up capital and are designed to
operate at very low cost. Some of the
companies set up via LILO
entrepreneurship are no more costly than a
hobby.
AMIT UPADHYAY
 CONCLUSION
ENTREPRENEURSHIP IS AN ATTITUDE OF MIND
WHICH CALLS FOR CALCULATED RISKS. A TRUE
ENTREPRENEUR IS ONE WHO CAN SEE
POSSIBILITIES IN AGIVEN SITUATION WHERE
OTHER SEE NONE AND HAS PATIENCE TO
WORK OUT THE IDEA INTO A SCHEME TO
WHICH FINANCIAL SUPPORT CAN BE
PROVIDED.

AMIT UPADHYAY
THANK YOU