3. Entrepreneur
The word originates from the French verb
‘entreprendre’ which literally translated means ‘to
undertake, to begin, or to start’
“ a person who sets up a business or businesses,
taking on greater financial risks in order to do so”.
New Oxford Dictionary of English
4. An Entrepreneur is …
A manager undertaking an activity i.e. in terms
of the particular tasks they perform and the way
they undertake them.
An agent of economic change i.e. in terms of the
effects they have on economic systems and the
changes they drive; and as ..
An individual i.e. in terms of their psychology,
personality and personal characteristics
5. Entrepreneur continued....
Often the term entrepreneurship is equated
with new venture creation and small business
management.
Though not all owner-managers can be
regarded as entrepreneurs.
Entrepreneurs are extraordinary people who
create wealth in extraordinary situations which
are beyond endurance for the ordinary.
6. Entrepreneur continued....
An entrepreneur is someone who knows the
right people, can pick a good team, act quickly
and make it all happen.
Entrepreneurs are visionaries and leaders. They
spot an opportunity and turn it into a profitable
business.
Entrepreneurs are found not just in business but
all walks of life e.g. social entrepreneurs.
7. Who are these
extraordinary people?
They are innovative
They are unconventional
They are willing to take risk
They are resilient people who turn their set
backs into mile stones for others.
They never back down
They build their own destiny
They bring innovation to the market
They identify new opportunities and turn
them into profitable business
They are great leaders and managers
Entrepreneurs undertake ‘the
great adventures’.
8. Sir Richard
Branson, Virgin Fred Smith, FedEx
Bill Gates, Microsoft
Steve Jobs, Apple
Jeff Bezos, Amazon
Dhirubhai Ambani,
Reliance
9. The born or made debate
It has always been a topic of debate
whether entrepreneurs are born or they can
be made.
We believe there are some self made
entrepreneurs. And then there are others
who just need to be awaken; those who
need to be developed and trained.