EDC

Entrepreneur
Development Cell AKSU
 CONTENTS

• What Is Entrepreneurship ?
• Entrepreneurship Risks ?
• How do Entrepreneurs control Risk ?
• Entrepreneurship Perks ?
• Characteristics of Entrepreneurship ?
 What is Entrepreneurship ?

• Entrepreneurship is The Process of Starting a

Business,a Start up Company or Other
Organizations
 Entrepreneurship Risks
• Team experience and depth risK
• Market and opportunity risk
• Competitive risk
• Financial risk
• Market entry strategy risk
• Operational risk
• Political and economic risk
How do Entrepreneurs control Risk

 RISK AVOIDANCE : Eliminating the

Risk by Abandoning Or Refusing to
Take part in an activity If it Seems
too Costly.

 RISK ASSUMPTION :
• Accepting the Fact that there
is a Risk of Loss.
• Sometimes, Reducing certain
Risks May be too Expensive.

• Generally, the Small business

owner Will Assume Risks in
which Losses That Occur Will
not produce Significant financial
consequences To the Business
RISK REDUCTION :
• Using different methods to reduce The
probability That a given event will Occur.

• Although some Risks Cannot be

avoided,a lot of risks can be reduced.
• The primary control technique is
prevention by the use Of safety and
protective techniques.
RISK TRANSFER :
• Means shifting the consequences of a
risk to person's Or Organizations Outside
your business; This is Often done
through insurance.
Entrepreneurship Perks

1. Financial Independence
2. Set Own Schedule
3. Bring Personal Vision to Life
4. Creative Freedom
5. No fear of being fired
6. Work any where
7. Limitless Income
8. Better Quality Of Life
Characteristics of
Entrepreneurship

Hard Work
If work is applying your
ability, then hard work
is applying your ability
with focus and intensity
to the exclusion of other
possibilities.
Self confidence

 Confidence is a feeling of trust in someone or

something. To be self-confident is to have
confidence in yourself.
Willing To Learn

 Thirst for knowledge" is a borderline cliche, but it is

still evocative and clear, and I think many people
would define it as a "willingness (or desire) to learn
Planning

 a detailed formulation of a
program of action
Networking

 an interconnected or interrelated
chain, group, or system
 Money Management

 Money management is the process of budgeting,

saving, investing, spending or otherwise
overseeing the capital usage of an individual or
group.
Thank You