An intrinsic part of the human nature is the need to possess, control and own. It is the ability to exercise the intellect in order to grow and exercise power. In the economic sphere, this trait is called "entrepreneurship". The person exercising this ability is called an entrepreneur.
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An entrepreneur plays a very important role in the economy. Small businesses started by an entrepreneur may become path breaking someday. They provide employment opportunities and make the society dynamic. |
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Entrepreneurship plays a key role in the economic development of any society. |
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It is the ability to create or build something out of meager resources or even, nothing. |
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It is the process of converting a new idea into a successful innovation |
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The ability to find an opportunity, in order to create, build, achieve and succeed differentiates the entrepreneur from ordinary mortals. This does not mean an ordinary mortal cannot become an entrepreneur. In fact, the only thing that differentiates the two is the spirit! |
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Drucker has defined an entrepreneur as a person who searches for change, responds to it and exploits it as an "opportunity" |
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Entrepreneurship is all about innovation. And entrepreneurs are all about systematic innovation. |
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It is all about the capacity to start a new business, revitalize an old business in response to identified opportunities. |
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An entrepreneur is a person who is willing to take "risk" - this risk could be financial, career wise or even personal. It could be a cause the entrepreneur truly believes in. |
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Entrepreneurship is almost always associated with uncertainty. It is the ability to offer something completely novel to the community / city / country / world |
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Anyone can become an entrepreneur! If you have a hobby or a talent, you could consider turning it into a business. That's entrepreneurship!
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Entrepreneurship is all about asking |
Is there is a market?
Is there a market for YOU?
Entrepreneurship is all about chasing dreams and translating them into reality! It is the ability to persevere relentlessly and have the grit to see these dreams come true. It is all about possessing the vision. |
The role and responsibility of entrepreneurs is changing as India changes. This is an important issue to think about, because the nature of entrepreneurship is different in India- it is more complex, complicated and more granular than the West. 
List out business ideas and make your choice. Once you have identified your business idea, find out what you will require eg. Staff, inventory, storage space, communication network, stationary etc 