Concepts of Entrepreneurship

The concepts of entrepreneurship

The concepts of entrepreneurship The workshop participants were introduced to various aspects of entrepreneurship, namely the importance of getting ideas for a business, how to get ideas, identify the appropriate trade, factors to consider in the choice of a business, the factors to be considered in the decision to start a business, and functions of a business. Details on the topics covered during the session include:




 Importance of Building on a basic business ideas are necessary in all cases to perform a job successfully should acquire the basic concepts of entrepreneurship before launching his company This knowledge allows a contractor to run the business smoothly and also to explore the possibility of taking new initiatives It also helps in making correct decision.

 See how to find ideas with those who are currently in the company Respect other companies to identify problems and consider possible solutions Talk with friends and neighbors Get ideas of goods available on the market


Identify appropriate trade Be selective in identifying his job. Choose according to the capacity and interest of the Contractor. Decide only after obtaining relevant information enough on a trade or business in particular. It will help you to: • manage business smoothly • avoid the loss of large errors 4. Factors to consider in choosing a successful business Opportunities What are the risks Profitability Seduction



Small-scale Enterprise for Neo-literates through CLCs 5. Factors to consider when deciding on starting a business Availability of experienced and competent persons to consult Mobilizing sufficient capital Sufficient demand for products / goods on the facility to the marketing of goods storage facility Availability of raw materials ability to obtain government support 6. Business functions Preparation of the mobilization capital market business Surveying Plan Cost analysis price goods Marketing products The bookkeeping identify risk factors

He assumed great importance to accelerate economic growth in both developed and developing countries. It promotes capital formation and creates wealth in the country. There are hopes and dreams of millions of people around the world. It reduces unemployment and poverty, and it is a way to thrive. Entrepreneurship is the process of exploring opportunities in the market and have the resources to exploit these opportunities for long-term gain. This is the process of planning, organizing, opportunities and assuming. Thus, there is a risk business. It can be distinguished as an ability to take risks independently for maximum profits in the market. It is a creative and innovative competence and response adaptation to the environment.