overview of entrepreneurship 1

OVERVIEW OF

Presented by: JIDE AOGO

DEFINITIONS OF AN ENTREPRENEUR

• Derived from French word Entreprendre

• Peter F Drucker: “One who considers the changes that take place in market as an opportunity to do business”

DEFINITIONS OF AN ENTREPRENEUR

• Joseph Schwnpeter : “ Individuals who introduce something NEW in the market or economy”

DEFINITIONS OF AN ENTREPRENEUR

• New encyclopaedia: “An individual who bears the risk of operating business in the face of uncertainty about the future conditions”

ENTREPRENEURSHIP IS ABOUT

• Opportunity identification

• Ideas generation

• Risk taking (Calculated risk)

ENTREPRENEURSHIP IS ABOUT

• Wealth creation• MONEY : Cash flow and

Profitability

ENTREPRENEURSHIP IS ABOUT

• Discipline • Growth and sustainability• Falling and rising

ENTREPRENEURS ARE BORN NOT MADE ?

YES OR NO

ENTREPRENEURS ARE BORN OR MADE ?

• There is an entrepreneur side of every human being

• On a daily basis we are consciously or unconsciously doing either, some or all of these;

Conceptualizing Selling Buying Negotiating.

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• Conceptualizing, selling, buying and negotiating are all rudiments of business therefore if we do any of these every now and then, we may not be wrong to simply say that by nature every man or woman has business basics in him or her.

IT IS IN YOU

IT IS IN YOU

• Entrepreneurship is in everybody• In some people the entrepreneur side or what

may be referred to as an entrepreneurial spirit or nature must be carefully unlocked or positively energized to manifest entrepreneurship.

• One of the objectives of this seminar is to unlock and energize the entrepreneurial nature of everyone in attendance today.