Textbook Of Entrepreneurship Development By K.L. Dangi, S.S. Sisodia, Pravesh Singh Chauhan, Yogita Ranawat
About this eBook
Entrepreneurship is nothing but the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation s ability to succeed in an ever changing and increasingly competitive global marketplace. What can you say when people in your community ask why entrepreneurship development
Entrepreneurs turn opportunities into business ventures. They are important economic development assets in your communities.
Entrepreneurs create jobs. According to research supported by the Kauffman Foundation, more than onethird of job growth is due to new businesses. Firms less than 5 years old accounted for ALL net job growth from 1980-2005.
Entrepreneurs give back. They reinvest in the community through charitable giving, community support, leadership and in many other ways.
According to Peter Drunker An entrepreneur is one who always searches for change, responds to it and exploits it as an opportunity. Innovation is the basic tool of entrepreneurs, the means by which they exploit change as an opportunity for different business or service. One of the vulnerable and hardest hit segments of the world population is its youth, who are finding it increasingly difficult to get jobs. The developed world has been most affected. According to recent data from Maudlin Economics, Youth unemployment in the U.S. is
more than 17 per cent. The situation is worse in Europe, where youth unemployment in Greece is approaching 60 per cent, Spain follows a close second with 55 per cent, with Portugal and Italy are at around 35 per cent and France is a little over 25 per cent. This is not only a developed market problem. The pain reverberates even in the generally faster growing emerging markets. Take India, one of the youngest countries in the world, where youth accounted for 20 per cent of the total population