ENTREPRENEURSHIP

ENTREPRENEURSHIP
The word entrepreneur or entrepreneurship is
gaining more popularity in the recent years. The
concept of entrepreneurship has been noted as a
factor in microeconomics since the 18
th
century.

With all this hype and fame of entrepreneurialism,
most of us still dont have a clear definition of what
entrepreneurship is. Entrepreneurship have a lot of
meaning. To begin embracing it, lets take a closer
look at the meanings and definitions of
entrepreneurship.
What is the
DEFINITIONS OF ENTREPRENEURSHIP ?
Entrepreneurship is the spirit, behavior, and
ability to respond positively to the opportunity
to benefit yourself and or a better service to
the customer / community, and create and
provide products that are more useful and
implementing a more efficient way of working

So,This is our theoretical meaning and
definition of entrepreneurship,
ENTREPRENEURIAL ROLE

An entrepreneurial role both internally and externally.
Internally an entrepreneurial role in reducing the level of dependence on
others, increased confidence, and increase the purchasing power of the
culprit.
Externally, an entrepreneur instrumental in providing employment
opportunities for job seekers. With the absorption of labor by
employment opportunities provided by an entrepreneur, the national
unemployment rate be reduced.

The role of entrepreneurship in the economy of a country is:
(1)Create jobs
(2)reducing unemployment
(3)Increasing income
(4)Combining the factors of production (natural, labor, capital and
expertise)
(5)Increasing national productivity
o
SECTORS
1. formal sector :
The formal sector is a sector that operates the official
(formal) early requires certain conditions such as the deed
of incorporation, business license, articles of association
and others

2. Informal Sector :
The informal sector is the sector that operate informally
(informal), since its establishment in general, do not use
terms such as deed of incorporation, articles of
association, business license and many more. In the formal
sector

Formal & INFORMAL characteristics
A.) Have permission.
B.) Requires a relatively large
capital.
C.) Using a systematic and
regular bookkeeping and
financial reporting to determine
the financial situation and
income / loss is obtained.
D.) Gains derived by a relatively
large.
E.) Make payments to the state
tax, the tax liability (if the
business entity form PT), and
the income tax (for the owner).
F.) Generally located in urban or
industrial areas. Form of
business entity from the formal
sector, including firms,
cooperatives and other
businesses that require a
license or certificate of
incorporation.
A. ) Generally do not have
permission.
B. ) Require relatively small
capital.
C. ) Using a simple
bookkeeping and some do
not even use the books at
all.
D. ) Profits derived generally
relatively small.
E.) Generally do not pay taxes
to the government (except
when earnings large
enough for owners of
taxable income)
F.)Housed in all directions,
can be in urban rural areas.
G.) Price of goods or services
being sold are generally
relatively inexpensive.

TERMS
TERMS
Servicing the customer to
meet his satisfaction.
Soulless hard at
work
Tough and
willing to take
risks
Smart in
creating
business
opportunities
and achieve
Creative and
productive
Being able to
think and act
wisely
Honest,
efficient and
disciplined
Innovative
Behaving adaptable
to change and
accommodating to
the environment
CONDITIONS
1.
Having a strong capital ability to work with a spirit of
independence
2.
Able to solve problems in a decision
3
Having the courage to take risks
4
Having a strong desire to learn, and act creatively innovative
5
Work hard, be diligent and meticulous and never be satisfied
6
Able to produce new work based on sound business ethics