The word “entrepreneur”
was coined by Jean
Baptiste Say that entrepreneur means?
Undertake
Around 17,000 BCE,
human trade took place
in what country?
New Guinea
entrepreneurship
Started in what country?
France
Refers to the capacity and
willingness to create,
organize, and run a business,
with all the risks and
uncertainties that come with
it, to make a profit.
entrepreneurship
An individual who creates, organizes and
operates a business or businesses, taking
on financial risk.
Entrepreneur
A person who perceives a need and then
brings together manpower, material &
capital required to meet that need.
Entrepreneur
A person who is able to express and
execute the urge, skill, motivation &
innovative ability to establish a business
Entrepreneur
The founders of the business. They are the ones who conceptualize a business plan and then
put in efforts to make the plan a success.
FOUNDER OR PURE ENTREPRENEURS
They are the individuals who inherited the business from their fathers or forefathers.
SECOND GENERATION OPERATORS OF FAMILY-OWNED BUSINESS
A method of doing business wherein the parent owner licenses his trademarks and tried and
proves method of doing business to a franchisee in exchange for a recurring payment.
FRANCHISEES
When a person buys a business from the founder and then invests his time and resources in it,
he is then called the owner-manager.
OWNER-MANAGER
The only drive that pushes them is the desire to achieve something in life, the
desire to make a mark in society, the desire to prove their excellence.
THE ACHIEVER
Entrepreneurs who are induced by some external factors to start a business
(government policies, unemployment, family support)
THE INDUCED ENTREPRENEUR
Real managers run the business in systematic manner. They analyze business
situation, assess the demands of future, both in terms of opportunities and threats
and take actions based on assessments.
THE REAL MANAGER
These kinds of entrepreneurs are highly creative people who are always in search
of innovative ideas for setting up new business venture
THE IDEA GENERATOR
They are looking for the achievement of not even
their goals but also of people associated with themselves like employees, suppliers
and distributors.
THE REAL ACHIEVERS
An entrepreneur who is into manufacturing of a product. He identifies the needs and
wants of customers and accordingly manufactures products to satisfy these needs &
wants.
INDUSTRIAL ENTREPRENEUR
The entrepreneur who undertakes trading activities and not concerned with the
manufacturing of products. He identifies potential markets, stimulates demands and
generates interest among buyers to purchase a product.
TRADING ENTREPRENEUR
A person who demonstrates his innovative skills in organizing and managing a corporate
undertaking which is registered under some acts that given it a separate legal entity.
CORPORATE ENTREPRENEUR
One who starts an industrial unit by means of innovative skill. An innovator
combining different technologies to produce a marketable product or service.
FIRST GENERATION ENTREPRENEUR
One who undertakes business to satisfy the contemporary demands of the market.
They undertake those ventures which suit the socio-cultural trends.
MODERN ENTREPRENEUR
A stereo-type entrepreneur whose aim is to maximize the economic returns at a
level consistent with the survival of the firm, with or without the element of
growth.
CLASSICAL ENTREPRENEUR
Introduces new goods, inaugurates new method of production, discovers new market and
recognizes the enterprise. They are full of creative ideas and offers innovative products to the
society.
INNOVATIVE ENTREPRENEUR
They adapt a successful innovation. They creatively imitate the innovative technical achievement
made by another firm.
IMITATIVE ENTREPRENEUR
