ENTREPRENEURIAL DEVELOPMENT

ENTREPRENEUR

•An entrepreneur is a person who has possession of a new idea

•Entrepreneurs are the ones who work ON a business, not IN a business

•An entrepreneur is someone who can think “outside the box”.

Functions of Entrepreneur

Entrepreneurial Promotional Managerial Commercial

• Innovation

•Risk taking

•Organizational

Building

• Idea Evolving

•Detailed INV

•Assembling requirements

•Financing

• Planning

•Organizing

•Staffing

•Directing

•Leadership

•Communication

•Motivation

•Coordinating

•Controling

• Production

•Marketing

•Accounting

•Finance

The 21The 21stst Century? Century?

An An Entrepreneurial Entrepreneurial

MindsetMindset

The 21The 21stst Century Century ChallengeChallenge

• Manage Strategically!Manage Strategically!

• Think Think Entrepreneurially!!Entrepreneurially!!

Why Entrepreneurial Thinking Is Important

Today• More sophisticated competition.• Failure to understand traditional motivation.• People’s jobs are too small for their

abilities!• Power of change.Power of change.• 10 years from now??10 years from now??

R

What is this

ENTREPRENEURSHIPENTREPRENEURSHIP

• Entrepreneurship is a dynamic process of vision, change, and creation.

Characteristics of an

Entrepreneur

•Transferable values. building businesses without believing in what they're doing. 

•Willingness to work hard the harder I work, the more I get.

•Knowing what they don't know

•Listening carefully. Shutting up.

•Vision

•Making mistakes

•Jumping viewpoints INOVATIVE

There are those who There are those who makemake things happen - things happen -

Those who Those who watchwatch things things happen - happen -

And those who And those who askask what what happened!happened!TranslationTranslation

Lead, Follow, or Get out of the Lead, Follow, or Get out of the way!way!

INDIVIDUAL INNOVATION

The Link to:

Teamwork Teamwork CommitmentCommitment

A True Entrepreneurial Force!A True Entrepreneurial Force!

IDEAS ARE THE KEY TO INNOVATIO

N DON’T DON’T TURN TURN THEM THEM OFFOFF

IDEAS WILL NOT WORK

UNLESS YOU WORK ON AN IDEAS

One Definition One Definition of Insanity...of Insanity...

Doing the same thing Doing the same thing and and

expecting different expecting different resultsresults

Idea StoppersIdea Stoppers““The greatest difficulty in The greatest difficulty in the world is not for people the world is not for people to accept new ideas, but to to accept new ideas, but to make them forget about old make them forget about old

ideas.”ideas.”~John Maynard Keynes, Economist~John Maynard Keynes, Economist

ENTHUSIASM.ENTHUSIASM.....

be positive be positive have funhave fun

It’s contagious!!It’s contagious!!

Everything is always Everything is always impossible before it works! impossible before it works!

That is what That is what entrepreneurial entrepreneurial thinkingthinking is all about, doing is all about, doing

what people tell you is what people tell you is impossible.impossible.

Entrepreneurial ExcellenceEntrepreneurial Excellence can can be be attained if you…attained if you…

ExpectExpect more than others more than others think is practical.think is practical.DareDare more than others think more than others think is wise.is wise.RiskRisk more than others think more than others think is safe.is safe.DreamDream more than others more than others think is possible.think is possible.

B

R

A

I

N

H E R T

Pas

sion

Prid

e

Purpose

Process

What Motivates an

Entrepreneur

1.To make money

2.To gain social prestige

3.To secure self Employment

4.To create Employment

•Entrepreneurial Ambition

Compelling Reason

1. Unemployment

2. Dissatisfaction of existing job

3. To use technical of Professional Knowledge

FacilatingFactors

1.Previous Knowledge

2.Experience

3.Encouragement of Family and Friends

4.Imitation of Successful Entrepreneurs

Conclusion

…I prefer to call it simply The The

Entrepreneurial Entrepreneurial Age!Age!

DO YOU REMBER WHEN YOU WERE A kid

Kid

AND YOU THOUGHT YOU COULD DO

ANYTHING

STILL YOU CAN.

BECAUSE A LOT OF WHAT WE CONISDER

IMPOSIBLE

IS E

ASY TO

OVERCOME

BECAUSE IN CASE YOU

HAVEN’T NOTICED,WE LEAVE IN A PLACE WHERE

ONE INDIVADUAL

CAN MAKE A DIFFERENCE

WANT

PROOF?

JUST LOOK AT THE PEOPLE

WHO BUILT OUR COUNTRY

MAY BE THEY CAME WITH VERY LITTLE

Our Perhaps They DIDN’T

Own anything

Expect for…..

THESE PEOPLE ARE

INNOVATORS

FOR SUCCESS

FOR ACHIVEMENT

ENTEREPRNEURS ARE EVERY WHERE