Entrepreneur :- Entrepreneur means a person who always searches for

change and exploits own opportunity different business and services. So Entrepreneur means who innovates , raises money , risk taker and also performs decision making in management function.

Importance of Entrepreneur :1. Always searches new idea 2. exploits own knowledge in business and services. 3. He/she is risk taker because its very difficult to accept new ideas 4. creating wealth. 5. Economic development means Entrepreneur is a catalyst of development 6. Help in small scale industrial sector 7. Help in social economic changes 8. Decrease the gap between knowledge and application through practical

Function of entrepreneur :- The function of entrepreneur are

1.) Risk assumption function :- A entrepreneur take a risk and decrease
the uncertain incident , loss etc through own skill ,ability , knowledge etc.

2.) Decision-making function :- An entrepreneur has to take a decision in

various stages Stages like- decide nature and type of goods , size of business , technique etc.

3.) Managerial function :- Managerial function like coordination ,

organization and supervision . Managerial function start with planning and ending with controlling.

4.) Function of innovation :- Entrepreneur always searches new ideas ,

production technique , new source of raw material , new market etc.

5.) Social function :- provide hyzone Product and help to small scale industry
etc.

Classification of entrepreneurs :The entrepreneurs can be classified as follows

1.) Innovative Entrepreneur :- He/She have highly motivated and

talented in innovation function

2.) Adoptive/ Imitative entrepreneurs :- He/She adopt the

technique , method by innovating person. He/she imitative the techniques innovated by others.

3.) Fabian entrepreneur :- A entrepreneur Know about truth of the

particular knowledge but He/She some scared , unbelief to take risk.

4.) Drone Entrepreneur :- Drone entrepreneur means who blindly

belief and follows the traditional methods of production when it causes loss to
him but He/She doesnt change any circumstance Other Classification in notebook

Pros/Cons or Advantage /Disadvantage of Entrepreneur :Advantage :1.) Bridge the gap between Knowledge and application :- put the theoretical knowledge in practical use means convert his/her knowledge into an economic activity. 2.) Complete freedom :- An entrepreneur is his own boss so he/she have fully freedom. 3.) face competition :- An entrepreneur face the competition through new

products on low cost and own new ideas.

4.) Benefits of society :- An entrepreneur provides hyzone products and help in Small scale industry etc 5.) Self Satisfaction :- An entrepreneur create a new ideas , technique on own knowledge basis so He/She have self satisfaction. 6.) Increasing the economic growth :- Through decrease the product price and used new technique et.

7.) On Globalization basis :- Provide the Globalization product and Challenged

Disadvantage of entrepreneur :1.) Bear Risks :- An entrepreneur take a risk so the reward of risk may be
positive and negative.

2.) Initial low profit :- On initial time the Entrepreneurship process is long time
so provide normal benefits.

3.) Time Management :- If a entrepreneur does not manage the time then his
rewards will come in negative. So time management means on actual time used actual idea in actual product and produce the product on actual time.

4.) Decision making :- Because An entrepreneur have freedom to take decision

so if He/She take wrong decision then reward also negative.

5.) Inexperience :- An Entrepreneur have new ideas , technique but he/she

have no knowledge about that field so its very critical and risky.

Challenges faced by the Entrepreneur :1.) Economic factors :- Like technique, capital, finance, raw-material, lake of
skill labor

2.) Social factors :- social factors like old rule they follow, locality ,etc

3.) Cultural factors :- The cultural factors decide which level of entrepreneurial
activities in that country.

4.) Personally factors :- Like on self satisfaction , on profit basis , on society

basis

5.) Psychological factors :- Like People does not belief on new product on the
new idea basis etc.

Short Notes On Woman Entrepreneur :Women Entrepreneur means group of women or individual women who organize
and operate a business enterprise. Women entrepreneur means at least 51% employment otherwise financial

So women entrepreneur are classified into 3 categories :1.) Women with adequate education & professional qualification :- live in cities and Engaged in medium industry like engineering ,services etc. 2.) Middle class women :- engaged in handicrafts and cottage industry like Rajsthan Kashmir etc 3.) women who are forced to work :- In Rural area many family have financial problem so the family ladies do the job in business enterprise

How does motivation , role model ,moral support network , professional network Influencing entrepreneur in their career path:-

Motivation :- Through Job satisfaction ,Achievement , opportunity , monetary

reward , social responsible etc.

Role Model :- Role model is most important factors in their career path. So role

model can be u r father , mother any other person. The role model give the some Suggestion to the entrepreneur.

Moral support Network :- Moral support means family or friends any members
play important role during the critical time like initial business time financial support , suggestion etc associates , trade associations or personal affiliations

Professional support Network :- Professional support network means business

Business associates :- like self experience , customer suggestion Trade associations :- like through industry support like collect data etc. Personal affiliations :- like through club members , shared hobbies etc

Explain Entrepreneurial careers and education :The life cycle approach careers in many categories : Educational environment ,
Individual personality , childhood family , environment , adult non-work history, Current work situation , current family situation. Entrepreneurship education is a fast growing field in colleges and universities In the united states and Europe. The skills required by entrepreneurs can be classified into 3 main areas :-

a) technical skills :-

Oral Presentations , organizing

enterprise

b) Business Management Skills :- starting , developing , managing any C) Personal Entrepreneurial Skills :- Inner control , risk taking , visionary etc.

Entrepreneurial decision making process:The entrepreneurial decision process a movement from something to something new.
Stage1: Change from present lifestyle:- Change in the socio-economic environment leading to changes in every aspect of life. The change creates needs for new goods and services and start a new company. Stage2: New Venture Formation:- Starting a new company results from individual culture, sub-culture, family, teachers, etc. Entrepreneurial pool and a meeting place where entrepreneurs and potential entrepreneurs can discuss ideas, problems and provide the solution. Stage3: Possibility of a new venture formation:- This stage arouse the question of what makes it possible to form a new company like several factors and resources government, background, financial support to the creation of a new venture. Stage4: Coordination:- This is the last and final stage to achieve entrepreneurial goal

Entrepreneurship:
Entrepreneurship is the process of creating something new with right time with financial and social risk and receiving the resulting rewards of monetary and personal satisfaction

Characteristics of Entrepreneurship:
Entrepreneurship is the complex, risk taking ability of the individual, coupled with correct decision making. 1. Innovation 2. Risk taking 3. Decision making 4. Organization and management 5. Opportunity seeking 6. Goal setting

Barriers of entrepreneurship :1.) Lack of market

2.) Lack of technical skill 3.) lack of seed capital 4.) lack of business knowledge 5.) social stigma 6.) lack of time management 7.) monopoly

8.) lack of motivation

Future of entrepreneurship :1.) help in risk-taking

2.) help in independence 3.) help in rewards 4.) help in academic research 5.) help in new business 6.) help to government like tax etc 7.) help in organization structure like infrastructure , capitalizing etc

7.) help for society support

8.) individual help like motivation , satisfaction , provide creative idea

Intrapreneurs :-

Intrapreneurs means who catch the new idea raise of corporate entrepreneurs like product , service process of work and he/she used that idea in organization framework.

Entrepreneurial competency :- success of an enterprise depends on the

proper planning , implemented and managed . So competency like knowledge , skill , positive personality etc.

Entrepreneur Development Programme (Edp) :- Edp means desining to

help a person in motivation , acquiring skill , abilities necessary for playing his entrepreneurial role effectively.

Inrapreneurship :- Intrapreeurship refers to developing a spirit of

entrepreneurship in organization . Its mostly used by top management in organization . The key elements :- new business , venturing innovativeness , self renewal , and proactiveness .

Entrepreneurship in india :- There is an overall shortage of start up

entrepreneurship in india compared to the rest of the world . The quality & quantity of venture capital in india is very low. According to the global Entrepreneurship in india 8.5 percent compare to 13.9 global basis . The vast talent in it management and r&d , india has managed to make its place for outsorced services from all around the world ; and investors get high quality work for lower costs.
In today Indian society the Entrepreneurship in India classified are :1.) well-established business families :- Like Mittals , Tatas ,Birals etc have very strong base so its family business one generation to 2nd generation. Most of these companies have strong management on world basis.

2.) Young graduates :- In India has a huge number of management graduate in information technology and other field like corporate sector, service sector help to raise India growth. So this is backbone of enterprise.
3.) Product-Based Business Entrepreneurship :- In every big city like city , town , village in India the educational qualifications do not much on requirement basis so they provide training , experience contribution , customer service skills etc.

Role of entrepreneurship in economic development :1.) Innovation 2.) product evolution 3.) risk assumption 4.) co-ordination

5.) balancing agent