ENTREPRENEURSHIP

WEALTH GENERATION

WHAT IS ENTREPRENEURSHIP?

Entrepreneurship is the process of sensing opportunities and exploiting the same in an innovative manner.

Business Entrepreneurship Involves

Scanning the environment Accordingly, identify business opportunities Setting up Challenging Goals Mobilising resources and thus, Exploiting the opportunities in an innovative manner.

BUSINESS FORMATION
LINKING

ENTREPRENEUR (Person)

ENTREPRENEURSHIP (Process in Action)

ENTERPRISE (Object)

MICRO SMALL &MEDIUM ENTERPRISES(M.S.M.E)

MANUFACTURING SECTOR
Micro enterprises- Investment-Rs.25Lakhs. Small enterprises- Investment-Rs.25L To 5 Cr. Medium enterprises- Rs 5 Cr To 10 cr.

MICRO SMALL &MEDIUM ENTERPRISES(M.S.M.E)

SERVICE SECTOR
Micro enterprises- Investment-Rs.10 Lakhs. Small enterprises- InvestmentRs.10L To 2 Cr. Medium enterprises- Rs 2Cr To 5 Cr.

Tasks For Potential Entrepreneurs

Identify and select Develop Entrepreneurial Behaviour. Link with viable Business Opportunities. Prepare Business Plan. Get equipped with Managerial understanding. Organise finance, infrastructure and get support. Taking actions for success.

Only Entrepreneur

Entrepreneurial Competencies

Initiative: Takes action that go beyond job requirements or the demand of the situation. Sees and Acts on Opportunities: Looks for and takes action on opportunities Persistence: Takes repeated or different actions to overcome obstacles.

SPOT THE ENTREPRENEUR

Entrepreneurial Competencies

Information seeking: Takes action on own to get information to reach objectives or Clarify problems. Concern for high Quality of Work: Acts to do things that meet or beat existing standards of excellence. Commitment to work contract : Places the highest priority on getting a Job Completed.

Entrepreneurial Competencies

Efficiency Orientation: Find ways to do things faster or with fewer resources. Systematic Planning: Develops and uses the logical, step-by-step plans to reach goals. Problem solving: Identifies new and potentially unique ideas to reach goals.

Entrepreneurial Competencies
Self- confidence: Has a Strong belief in self and own abilities. Persuasion and networking: Successfully persuades others and acts to develop business contacts.

Business Opportunity Identification

Natural resources Manpower resources Infrastructure Population Import Substitution Export oriented industries Opportunities based on existing industries.

Business Opportunity Identification

Major institutional purchases Shortage of consumer/industrial goods All types of waste Services sector

Innovative approaches
Products to solve problems (industrial, domestic) Exploiting new technology/materials to meet widely felt but un-met needs Products that appeal to human psyche Technical extention of an established concept

Innovative approaches
Demand implicit in life styles Combining two or more ideas New ways of doing things Value additions to existing products

Business module
IGA Income Generation Activity

Self Employment

Entrepreneurship

Business Module
IGA Income Generation Activity SE- Self Employment

Entrepreneurship

Business module
IGA Income Generation Activity

Self Employment

Entrepreneurship

Thomas Watson, who built IBM into the greatest company of his day said: "Would you like me to give you a formula for success? Its quite simple, really. Double your rate of failure. You are thinking of failure as the enemy of success. But it isnt at all. You can be discouraged by failure or you can learn from it. So go ahead and make mistakes. Make all you can. Because remember thats where you will find success."

FINAL OBJECT

THE WORLD IS IN MY HAND

The Great Beginning

Thank You S DESAI- 9223357207 Email: sudesh69desai@gmail.com