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PRANJAL 16MB000036
NITISH KUMAR
16MB000037
PANKAJ KUMAR
16MB000038
Euron Greyjoy (Iron islands) An
Entrepreneur?
 Entreprende (French) : to undertake

Richard Cantillion Irish Economist

Entrepreneur One who takes the risk

of running an enterprise by paying a
certain price for securing the resources to
make a product and reselling it for an
uncertain price.

Joseph Schumpeter Austrian Economist

Entrepreneur An innovator playing the role of a

dynamic businessman adding material growth to
economic development
Some
Influential
Entrepreneu
rs
Why become an
Entrepreneur?

ADVANTAG
ES
Advantages :
Youre the boss
All profits are yours
Variety of roles and tasks
Job satisfaction
Success - Esteem and Self-
actualization needs
Coolest entrepreneur of the Year
(Inc.com)
Szaky
Age: 23

CEO, TerraCycle (www.terracycle.net)

Deals in waste and garbage

Revenue: ~$5 million
Disadvantages :
Youre alone sole decision
maker
All losses are yours
Work may not be satisfying
Long hours
Lack of success affects self-
esteem
Exiting business is difficult
Pressure affects social and
family life
Reason for growth of entrepreneurship

Industrial structure
New technologies
Deregulation and privatization
increasing demand for variety
Services sector
Government incentives and subsidies
Increasing flow of information
Easier access to resources
Entrepreneurial education
Return on innovation
High regards for self- employment
Rising dissatisfaction at job
Entrepreneur as a hero
Role of Entrepreneur

To create and develop a business

idea.
To combine the factor of production
( land , labour, capital )
To assume uncertainty associated
risk.
To delegate responsibility and make
decision on staffing.
To decide the main objective of the
organisation.
Entrepreneurship Types
1. Based on Timing of Venture Creation
Early Starter Suhas Gopinath
Experienced Narayan Murthy
Mature BVR Subbu
2. Based on Socio Cultural Variables
First Generation Entrepreneurs Dhirubhai Ambani
Entrepreneurs from business families The Tatas,
Birlas
Minority Entrepreneurs The Parsees community
Women Entrepreneurs Kiran Shaw (Biocon)
3. Based on Entrepreneurial Activity
Novice V. Sharan
Serial Entrepreneur Rakesh Mathur
Portfolio Entrepreneur Li Ka-Shing
Characteristics of
a successful
entrepreneur
Entrepreneurship
Failure