What is Entrepreneurship?

The Process of Bearing Risk of Running a Business. It is about imagination, flexibility, creativity, willingness to think conceptually and capacity to see change as an opportunity.

Who is an Entrepreneur ?
A person who always searches for change, responds to it and exploits it as an opportunity.

The Builder of Indian Industry

J R D

TATA

Requirements to be an entrepreneur
Innovation, Creativity Risk Taking Organization

Promoting Entrepreneurship
In India, where over 30 crores people are living below the poverty line, it is simply impossible for any government to provide means of livelihood to everyone. Such situations surely demand for a continuous effort from the society, where the people are encouraged to come up with their entrepreneurial initiative.

 Dhiru bhai Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling "bhajias" to pilgrims in Mount Girnar over the weekends.

 After completing his study at the age of 16, Dhiru bhai moved to Aden, Yemen. He worked there as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company.

 Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built India's largest private sector company, Reliance India Limited, from a scratch. Over time his business has diversified into a core specialization in petrochemicals with additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics.

 N.R.Narayana Murthy An Indian IT chief who's really made it big without dropping his ethical precepts by the wayside is Nagawara Ramarao Narayana Murthy, Chairman of Infosys. Born in 1946, Murthy's father was a schoolteacher in Kolar district, Karnataka, India. A bright student, Murthy went on to acquire a degree in Electrical Engineering from Mysore University and later studied Computer Science at the IIT, Kanpur, India.

 The Infosys legend began in 1981 when Narayana Murthy dreamt of forming his own company, along with six friends. There was a minor hitch, though-he didn't have any seed money. Luckily, like many Indian women who save secretly without their husband's knowledge, his wife Sudhathen an engineer with Tatashad saved Rs 10,000. This was Murthy's first big break.

Infosys.
The decade until 1991 was a tough period when the couple lived in a one-room house. The second break came in 1991 when Indian doors to liberalization were flung open Murthy grabbed the opportunity with both hands and has never looked back ever since. Today, Infosys is the first Indian company to be listed on the US NASDAQ. It provides employment to 85,000 people.

Qualities of an Entrepreneur:
1. Independence: 2. Risk bearing: 3. Self Confidence: 4. Ability to find and explore opportunities: 5. Hope of success: 6. Leadership:

Qualities of an Entrepreneur:
7. Communication Skill: 8. Flexibility: 9. Willingness to Accept Criticism: 10. Self Motivation and 11. Need to achieve :

CLASSIFICATION OF ENTREPRENEURS
Innovating entrepreneurs Adoptive or imitative entrepreneurs Fabian entrepreneurs Drone entrepreneurs.

FUNCTIONS OF ENTREPRENEURS
Idea generation Determination of objectives Raising of funds Procurement of raw materials Procurement of machinery Market research Recruitment of manpower Implementation of project