ENTREPRENEURSHIP

IDEAS

FINAL STEP
VISION BRAINSTORM

RESEARCH WHAT
STRATEGY
WHERE
WHEN
WHY
GOALS
HOW
INSPIRATION

PREPARED BY MISS SB SAIN

GANDHI INSTITUTE OF EXCELLENT AND TECHNOCRATS, BHUBANESWAR (MBA 2021-2023)
 INTRODUCTION
Interpreneur Enterpreneurship Enterprice

Person Process or Action Outcome

• Enterpreneurship is defined as the act of starting and running your

own business or a tenoenly to be creative and wish to mark for
yourself in your own venture.
• Enterprice would produce good and services that would be beneficial
to the society at large and apart from that it would be creating
employment opportunities.
WHO IS AN ENTREPRENEUR
There is 8 type of Enterpreneurs

1. Small business entrepreneurs

2. Large company entrepreneurs
3. Scalable start-up entrepreneurs
4. International entrepreneurs
5. Innovative entrepreneurs
6. Imitative entrepreneurs
7. Social entrepreneurs
8. Hustler entrepreneurs
Role of Entrepreneur
 Create and manage the business
 Recruit and hire employee
 Plan the company’s strategy
 Develop the company’s goals
 Taking calculated risks to reach a goal
 Learning about the business ,industry
and competition
 Learn marketing and sales
 Budgeting and finance
 Function of Enterpreneurship
Enterpreneurship involves all the functions, activities and action
associates with perceiving opportunities and creating
organizations to pursue them.

These includes:

o Market and customer research

o Service and product
innovation( Feature,value)
o Team building
o Finding and managing resource( people,
capital, equipment)
o Leadership
 Challenge of Entrepreneur

Starting a business is full of exciting challenges and potential

learning opportunity gained form the risks that come with it.

11Challenges facing entrepreneurship

1. Selecting a service or product
2. Developing a scales strategy
3. Maintaining a budget
4. Establishing starting funds
5. Sustaining revenue
6. Managing employees
7. Expanding the business
8. Managing time
9. Staffing the organization
10. Maintaining confidence
11. Collaborating with partners
Development of entrepreneurship in India

The initiatives of India's government for the

entrepreneurship spurred the growth of firms and
provided the gateway for the acquisition of
relevant technological knowledge , technical
skills and entrepreneurial talent and in the result
the economic and industrial activities from 2014
to 2019, shows huge development in India.
 Employment opportunity
One of the toughest parts of being an entrepreneur is finding the
next opportunity to make it big in business.

 Opportunities for entrepreneur

 Invest in multiple business
 Angle investors
 Crowd funding
 Startup incubators
 Quality content
 The social power of the internet
 Foreign Markets
Economic impact of Entrepreneurship
ENTREPRENURSHIP LEDS TO ECONOMIC GROWTH
Business earn profit and pay tax , employees pay income tax.
The government utilizes this additional income to stimulate the
economy and generate better facilities. It leads to an overall
increase in the Country's Gross Domestic Product.

The results indicate that entrepreneurial attitudes are found to

stimulate GDP per capital in high-income countries while
entrepreneurial activity is found to have a negative effect in
middle/low-income economics.

Both small and large enterprises have shown the importance of

entrepreneurship to the economy in there own way. When
working together ,they create a greater impact on economy by
selling each other’s goods and services to advance their own
supply chain.
 CONCLUSION

To be successful in sustainable business practices

often requires entrepreneurship and innovation.
Entrepreneurship and innovation are relevant in for-
profit & nonprofit ventures. Being an entrepreneur
requires taking on significant challenges and potential
rewards.
 THANK YOU
FOR YOUR ATTENTION !
Any Questions

?
GANDHI INSTITUTE OF EXCELLENT TECHNOCRATS, BHUBANESWAR, MBA (2021-2023 )