STUDENT, II YEAR MBA DEPARTMENT VELTECH UNIVERSITY Dr.RR & Dr.

SR TECHNICAL UNIVERSITY

V.SIVAKUMAR S.SIVAKUMAR

 What

is entrepreneurship?

Who is entrepreneur?

What is economy?
What is entrepreneurial communities?

Not just starting business and managing it Not just leading or initiating Not concerned only for profits

IT is art of creation and innovation in business of his own initiative. An entrepreneur is an enterprising individual who builds capital through risk and/or initiative Irish-French economist Richard Cantillon.

Economy is the human activity that consists in producing, exchanging, distributing, and consuming goods and services, studied by economics and realised inside an economic system an inquiry into the nature and causes of the wealth of nations, -Economist Adam Smith (1776)

community entrepreneurship as the social process of creating and exploring opportunities and mobilizing resources that forms new ventures in the form of activities, services and institutions for the common good of a community (Austin, 2006; Morris & Jones, 1999)

Financial Assistance from institutional sources at cheaper interest rates Accommodation of land sites for construction of building at economical cost structure Machinery on hire purchase Attitude of the government to help new units Improved technical assistance facilities Encourage from big business

To increase the rate of return , rate of turn over & profit margin To increase supply of goods available in the market for creating heavy demands Government to promote joint ventures State and central government providing subsidy, tax incentives for small scale entrepreneurs

It promotes capital formation by mobilizing ideal savings of the public. It provides large scale employment. Reduces concentration of economic power It promotes growth rate and better distribution of income. Empowerment of youth and women

Providing loans through private and public sectors at low rate of interest. Promote education to students on entrepreneurship at school level.

Provides balanced regional development It controls inflation It encourages effective resource mobilization of capital ,skill, knowledge & attitude It promotes countries export trade

A small seed is future big tall tree Entrepreneurs with help of innovation and technology by using all great opportunities in right manner in business venture and promote productive efficiency in production It will make Country became self reliant and self sufficient due to mass production at reduced cost structure .

THANK YOU