Entrepreneurial activities today have become very important and

are keys to economic development, including employment

generation, depend upon entrepreneurial behavior of a country.

Entrepreneurs are the reason for large quantity of highly

developed industries which results to greater employment
opportunities for unemployed youth, increase in per capita
income higher standard of living and increase individual saving,
revenue to the government in the form of income tax, value
added tax, export duties, and balance regional development.
1. Development of managerial capabilities

2. Creation of organizations

3. Improving standard of living

4. Means of economic development

* Derived from the French verb enterprende, this means “ to
undertake”.
* Are innovators, willing to risk and generate new ideas to create
unique and potentially profitable solutions, to modern day.
* Comprehensively defined by Zimmerer and Scarborough (2005)
as someone who “creates new business in the face of risk and
uncertainty for the purpose of achieving profit and growth by
identifying significant opportunities and assembling the necessary
resources to capitalize on them”.
* One who act on their business ideas.
a. Initiative
b. Proactive
c. Perseverance works against all odd to overcome obstacle
and is never complacent with success.
d. Problem solver
e. Persuasion
f. Self- confidence
g. Self- critical
h. A Planner
i. Risk- taker
a. Political Climate
b. Legal system
c. Economic and social conditions
d. Market situation

1. Economic and dynamic activity

2. Innovation

3. Profit potential
4. Risk bearing