SUBMITTED TO:AKHTER ABAS SUBMITTED BY :MUHAMMAD SHAHBAZ

An entrepreneur is a person who undertakes to do a job Richard Cantillon (1755). The term entrepreneur is a French word first coined by Richard Cantillon. In Malaysia the term usahawan is used for entrepreneur

Introduction to Entrepreneurship starting a small business requires a good idea, a sound plan and initial investment capital. These expert articles will help you develop your new business idea into a strong startup venture.

 Entrepreneurship

is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction of independence.

 Entrepreneurs

are individuals who actively form or lead their own business and nurture them for growth and prosperity. Entrepreneurship is a process of innovation and new venture creation through four major dimensions individual, organizational, environmental and process.

 Although

certainly not an exact science, this perspective provides an interesting look at the entrepreneurial potential within every individual. Entrepreneurial is being opportunity-driven not resource-constrained:
Individual Organization Region/Country Government

It is opportunity/market driven It is driven by a lead entrepreneur and an entrepreneurial team It is resource parsimonious and creative It depends on the fit and balance among these It is integrated and holistic

Identify/Evaluation Idea Develop Plan Acquire Resources Launch

Manage
Exit/Harvest

Entrepreneur
4 factors of production

Land Labor capital organization

New venture

The Top Ten Characteristics Todays Entrepreneurs Share: Recognize and take advantage of opportunities Resourceful Creative Visionary Independent thinker Hard worker Optimistic Innovator Risk taker Leader