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Entreprenaure Skill

Here are the matches: 1. Surabhi opens 5 painting stores across India. c. Grow 2. There are many coaching classes in Mumbai. Jacob owns one of them. He is starting morning batches to attract more students to his classes b. Survive 3. Salma has started her clothing line on the Internet. a. Enter

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Sahana Banu
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86 views27 pages

Entreprenaure Skill

Here are the matches: 1. Surabhi opens 5 painting stores across India. c. Grow 2. There are many coaching classes in Mumbai. Jacob owns one of them. He is starting morning batches to attract more students to his classes b. Survive 3. Salma has started her clothing line on the Internet. a. Enter

Uploaded by

Sahana Banu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Unit IV

Entrepreneurship is about seeing opportunities an bring about the

change.

Entrepreneurship is the type of self-employment where one is running a

business to satisfy the needs of people and looking for ways to make the

business better to make profits.


They are confident. They believe in themselves and their abilities

They are patient, creative and think differently about business ideas.

They keep trying new ideas in their business.

They take responsibility for their actions.

They work hard and do not give up when they face a difficulty..
what do entrepreneurs do
when they run their business?
Fulfil Customer Needs

Help Society

Create Jobs

Sharing of Wealth

Lower Price of Products


Bharti is a young woman from Bihar. Many girls in her area like to

wear earrings. She buys jute from a farmer and makes earrings from

that. Her business is called Manavi Natural Handicrafts. She sees that

most women in her village do not work. So, she hires two women to

help her. As her orders increase, she buys more jute. She hires three

more women to work for her. The farmer, and the women working for

her now earn more money. They are able to save money for their

future
The misconception is that every business idea needs to be
unique or special.

Each entrepreneur saw customer demand and brought a new

idea into their business.

A person can take an idea that is already there in the market

and do something different with it.


The misconception we have is that a person needs a lot of
money to start a business.

Depending on how much money you have or can borrow,

you can start a business with that much money.

Once you make more money, you can put that into your

business to make it bigger.


A misconception we have is that only a person having a big business
is an entrepreneur

No business is big or small.

If a person is running a business to fulfill a customer need, they are an

entrepreneur. Most businesses start small.

It becomes big with hard work and creativity.


A misconception we have is that entrepreneurs are born, not
made.

Being an entrepreneur starts with a way of thinking. You must believe

that anything is possible and it shall be achieved. It starts with thinking

of an idea that you want to work on, making it different.


Difference between a misconception and reality?
Story Misconception
1. Ramu owns a large clothes shop. (a) Every business idea needs to be
Shamu has a small store selling handmade unique or special.
sarees. Shamu does not call himself an
entrepreneur.

2. Anna has a great idea for a website. (b) Entrepreneurs are born, not made.
She has `5,000. She is waiting for `20,000
more, so that she can start it.

3. In a city of thousands of tailoring (c) A person needs to have a big business


shops, Gauri is a tailor who stitches good to be called an entrepreneur.
quality clothes and has a very successful (d) a person needs a lot of money to start
business. a business.
Entrepreneurship as a Career Option

A career is a line of work that a person takes for life.

There are two ways a person can earn a living.

They are

1. self-employment

2. wage employment
Entrepreneurship as a Career Option

A career is a line of work that a person takes for life.

There are two ways a person can earn a living.

They are

1. self-employment

2. wage employment
A person who becomes an entrepreneur
goes through a career process.
Match the columns

1. Surabhi opens 5 painting stores across India. a. Enter

2. There are many coaching classes in b. Survive


Mumbai. Jacob owns one of them. He is
starting morning batches to attract more
students to his classes

3. Salma has started her clothing line on the c. Grow


Internet.

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