Enterpreneurship Training introduction.pptx

introduction to enterpreneurship

1. ENTERPRENEURSHIP TRAINING MANUAL PREPARED By: 1. Wubayehu E. 2. Esubalew M. Sep/2022

2. Well Come To ENTERPRENEURSHIP Training

3. Topics to be covered: Concept of Entrepreneurship Attitude Change Business opportunity Goal Setting

4. 4 Definition of Entrepreneurship & Entrepreneur What is Entrepreneurship? Entrepreneurship refers to an individual’s ability to turn ideas into action . Entrepreneurship Is the dynamic process of creating incremental wealth. Entrepreneurship is an organizational and management approach that enables persons to respond to change and solve problems in whatever situation . Entrepreneurship is the act of being an entrepreneur , who starts any economic activity for being self-employed.

5. 5 Entrepreneurship is strategic thinking and risk-taking behavior that results in the creation of new opportunities for individuals and/or organizations. Entrepreneurship is the process of creating something different with value by devoting the necessary time and effort. It is more an attitude than a skill or a profession. It involves risk bearing. In General entrepreneurship is a process of converting an identified idea into action .

6. Who is an entrepreneur? The term entrepreneur was an individual who to undertake/starts a particular commercial project . Entrepreneur refers to a person who establishes his own business . An entrepreneur is considered to be an originator of a business venture . Are action-oriented, highly motivated individuals who take risks to achieve goals. 6 many definitions

7. 7 Are people who have the ability to see and evaluate business opportunities. “Entrepreneur is someone who always searches for change responds and exploits it as an opportunity.” Basically an entrepreneur is a person who has the initiative, skill for innovation and who looks for high achievements . He/she is an agent of change and works for the good of people .

8. Cont’d Is a person who establishes a business venture and is a visionary leader - a person who has great dreams . Eg : Today’s technological advancements are the results of visionaries that lived in the past. Like; Thomas Edison: the electric bulb . The wright brothers ( Orville and Wilbur ): The airplane etc. 8

9. Cont’d Entrepreneur is an individual who: Has the ability to identify and use a business opportunity Undertakes a business venture Gathers the necessary resources Raises the capital to finance it Sets goals for himself/herself and to others Assumes major take of the risk 9

10. Who can be an entrepreneur? 10 If you think you can’t, then you can’t be Positive image to your self needs to see your potential The way we see ourselves really matters !!!!!! Every body Entrepreneurial Mindset entrepreneurial mindset

11. Why be an entrepreneur? 11 Luxurious life Better life standard Financial freedom

12. Attitude Attitude refers to a persons mental view, regarding the way he/she thinks or feels about someone or something . In psychology , an Attitude refers to set of emotions , views , and behaviors towards a particular object, person, things or events . Attitude represents the feeling, thinking of a person . It is also the measure to identify one person from another . Attitude is every thing

13. List of letters in alphabetic order and assign number sequentially, Then compute; Skill: Knowledge: Hard work: Attitude:

14. 14 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Skills: 19+11+9+12+12+19= 82 Knowledge: 11+14+15+23+12+5+4+7+5= 96 Hard work: 8+1+18+4+23+15+18+11= 98 Attitude: 1+20+20 +9+20+21+4+5= 100

15. Change

16. Definition 1. The act, process, or result of altering or modifying. 2. The replacing of one thing for another; substitution change is the situation in which individuals, groups, organizations and countries make adjustments to the matters they face .

17. Those who cannot change their minds cannot change anything.” George Bernard Shaw

18. Promise For Change ①　 Do not say it cannot be done.

19. Say, yeeeeesssssssssssss !!!!!!!!!

20. Who is responsible for change? 20 If the first responsible person for change is me, so in our life to be succeed, poor and any other alternatives are our choice.

21. What is Business Opportunity? It is a favorable /encouraging/ set of circumstances that creates a need for a new product, service or business . It is a confirmed/verified/ the concept that generates on-going income. A business opportunity can be defined simply as an attractive investment idea or proposition that provides the possibility of a monetary return by taking the risk. 9/7/2022 21

22. Business Opportunity To be a good business opportunity, it must fulfill the following criteria: Real demand Return on investment Availability of resources and skills Meet objectives Be competitive 9/7/2022 22

23. Qualities of Opportunity 9/7/2022 23

24. Three Ways to Identify an Opportunity By Observing the gaps/problems/ and unfulfilled needs By Using idle resources By Identifying your skills 9/7/2022 24

25. GOAL SETTING

26. WHAT IS GOAL?

27. Meaning of Goal The end result or achievement in which organizational and individual effort is directed.  When you engage in true goal setting , you define your objectives in realistic, measurable terms. You also need to identify the resources, time and funds you'll need to invest.  Goals are essential starting points in planning because they provide direction for all other managerial activities .

28. Goal Setting Process Describe long and short-term goals! Relate to what you want to achieve in life! Action plan is outlined including activities, responsibilities and time frame. Performance standards, measurement criteria are defined! Consider environmental and personal obstacles! Identify resources!

29. GOAL MUST BE: S: Specific M: Measurable A: Achievable R: Realistic T: Time-bounded

30. Summary for Guidelines for Setting Goals Your goals should be your own. They should be set for things you really want to achieve. Goals should be specific. They should be clear, concrete and written. Goals should be measurable and can be quantified. You able to know when you have reached a goal. Review goals periodically to measure the extent your goals have been achieved. Goals should be set for a specific time period. Goals should include both short-range and long-range goals. Setting Entrepreneurial Goals

31. Entrepreneurship lecture notes by SHARMARKE A. 31 Quote If you don‘t know where you are going, you‘ll end up someplace else. ― Yogi Berra The wind never helps the boat that has no clear destination. Seneca If you can‘t fly, then run, if you can‘t run then walk , if you can‘t walk then crawl, but whatever you do you have to keep moving forward -Martin Luther King, Jr. I never dreamed about success. I worked for it. –Estee Lauder

32. The End!