An entrepreneur is a person who identifies a problem
in a particular environment and creates an opportunity or value out of that
need. He is also able to build a structure for that opportunity he creates and
as well identifies the risks involved. Entrepreneurship creates jobs and
opportunities for people.
CHARACTERISTICS
OF ENTREPRENEURS
1. They are passionate
2. They are good observers.
3. They are dreamers and they are optimistic people.
They see opportunities in problems, when others are seeing problems, they are
seeing opportunities.
TYPES OF
ENTREPRENEUR
1. Necessity Entrepreneur
2. Opportunity Driven Entrepreneur
3. Social Entrepreneur
ENTREPRENEURIAL
PROCESS
Before you start any business you need to identify
business lapses that will in turn create opportunities.
1. You need to have a desire to start a business.
2. You need to have conscious attention to your
environment
3. Interest and readiness to act
4. Identify a gap
5. Generate Ideas that can match the gap you’ve
identified.
6. Evaluate your business idea to know if it is
viable.
7. Identify your competitors and find
out what gives you an advantage over your competitors
8. Consider your location
9. Look into your finance
10. Consider the legality of the
business
DEVELOPING YOUR
BUSINESS PLAN
1. Executive Summary
2. Background information
3. Your products and services
4. Your supplier power
5. Marketing strategy
SOURCING FOR
FUNDS FOR BUSINESS
1. Start saving for your business
2. Source fund from family and friends
3. Every money you put into the business should be
documented. These will add up what you have contributed to the business.
4. Don’t take short term loans, look for long term
loans.