ABSTRACT
This presentation is about Entrepreneurship.
Entrepreneurs come in all shapes and sizes,
including small business owners, content creators,
startup founders, and anyone who has the
ambition to build a business and work for
themselves.
ABIRAMI B S POORNIMA SHREE S
ENTREPRENEURSHIP
ENTREPRENEURSHIP
ABIRAMI B S
POORNIMA SHREE. S
Electronics and Communication Engineering
MEPCO SCHLENK ENGINEERING COLLEGE
SIVAKASI, INDIA
abiramibs340_bec25@mepcoeng.ac.in
poornimask2004_bec25@mepcoeng.ac.in
ABSTRACT:
This presentation is about Entrepreneurship.
Entrepreneurs come in all shapes and sizes,
including small business owners, content
creators, startup founders, and anyone who has
the ambition to build a business and work for
themselves.
RISK TOLERANCE:
Entrepreneurship is often associated with
risk. While many things can go wrong when
launching a new venture, many things can go
right. According to the Entrepreneurship
essentials, entrepreneurs who actively manage
relationship between risk and reward position
their companies to “benefit from the upside.”
ADAPTABILITY:
INTRODUCTION:
The term "entrepreneur" may be more closely
associated with the term start up.
Entrepreneurship is reserved for the resilient.
It is the process of developing, organizing, and
running a new business to generate profit
while taking on financial risk. In a broader
sense, entrepreneurship is the process of
transforming the status quo by solving the
most pressing problems and pain points in our
society, often by introducing an innovative
product or service or creating new markets.
The nature of business is ever-changing.
* Entrepreneurship is an iterative process,
and new challenges and opportunities present
themselves at every turn.
* It’s nearly impossible to be prepared for
every scenario, but successful business leaders
must be adaptable. This is especially true for
entrepreneurs who need to evaluate situations
and remain flexible to ensure their business
keeps moving forward, no matter what
unexpected changes occur.
TEAMBUILDING:
INNOVATION:
A great entrepreneur is aware of their
strength and weaknesses. Build well- rounded
teams that complement their abilities. In many
cases, it’s the entrepreneurial team, rather than
an individual, that drives a venture toward
critical to surround yourself with teammates
who have complementary talents and
contribute to a common goal.
Many ascribe to the idea that innovation goes
hand-in-hand with entrepreneurship. This
notion is often true. Some of the most
successful startups have taken existing or
services and drastically improved them to meet
the changing needs of the market.
Innovation is a characteristic some, but not all,
entrepreneurs possess. It’s a type of strategic
min set that can be cultivated your strategic
ENTREPRENEURSHIP
ABIRAMI B S
POORNIMA SHREE. S
Electronics and Communication Engineering
MEPCO SCHLENK ENGINEERING COLLEGE
SIVAKASI, INDIA
abiramibs340_bec25@mepcoeng.ac.in
thinking skills, you can be well-equipped
to spot innovative opportunities and position
your venture for success.
PRONS OF ENTREPRENEURSHIP:
1.Work flexibility.
poornimask2004_bec25@mepcoeng.ac.in
5.Unlimited earning potential.
As famous entrepreneurs like Mark
Zuckerberg or Bill Gates show, a startup
entrepreneur with a successful business idea
can make millions or even billions of dollars.
Entrepreneurship means self employment
which comes with the ability to set your own
schedule and work where you want.
CONS OF ENTREPRENEURSHIP:
1.Financial risk
2.Ability to follow your passion.
If your innovative idea is related to your
passions or hobbies, entrepreneurship enables
you to make a career out of what you love.
3.Total control.
Because they own their own businesses,
entrepreneurs have complete control of their
entrepreneurial ventures, with the ability to
make decisions quickly.
Becoming an entrepreneur means putting
money on the line for your idea. If it doesn't
work out, you'll be responsible for dealing
with disappointed investors and outstanding
bank loans.
2.Long hours.
Between brainstorming new ideas, wooing
potential investors, and managing the day-today operations of their businesses, many
entrepreneurs work long and hard to make
their dream a reality.
3.Greater responsibility.
4.Creativity.
Without the burdens of bureaucracy common
in large, mature companies, entrepreneurs can
solve problems creatively and experiment
often.
As the leader of your own business, everyone
will be looking to you for vision and direction,
which can cause tremendous personal stress.
ENTREPRENEURSHIP
ABIRAMI B S
POORNIMA SHREE. S
Electronics and Communication Engineering
MEPCO SCHLENK ENGINEERING COLLEGE
SIVAKASI, INDIA
abiramibs340_bec25@mepcoeng.ac.in
4.High competition.
Just because your business idea is innovative
doesn't mean you won't face stiff competition,
whether from established firms in your
industry or other entrepreneurs looking to beat
you to the finish line.
poornimask2004_bec25@mepcoeng.ac.in
Strategy:
By employing effective communication skills,
sales skills, a deep focus, and a high ability to
learn, an entrepreneur can actually learn a
business strategy on the fly.
While successful entrepreneurs may see a big
payday, it won't happen overnight. In the
meantime, expect lean times as you invest all
of your income into growing your business.
When structuring and growing a business,
however, it's important that the structure and
growth strategy is based on sound business
sense and skills. A successful entrepreneur
needs to have a solid strategy to take their
business from good to great.
THREE IMPORTANT SKILLS:
HOW TOSTART AN IT FIRM?
Communication:
There are three basic procedures to be
followed:
5.Unreliable income.
They also need to master all forms of
communication, including one-on-one and inperson conversations, group conversations,
written communication, and email or online
messages.
Sales:
If an entrepreneur is able to communicate
effectively, they are better equipped to sell
their ideas and physical products.
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Direct Identification Numbers
Reservation of Company Name
Electronic Signatures
1.Direct Identification Number:
While incorporating a software company, it
has to identify its directors first. The number
of directors should be between 2 and inclusive,
but not to be lesser or greater than that. The
directors must have a DIN number.
They have to submit their identity proof and
residence proof to apply for this.
ENTREPRENEURSHIP
ABIRAMI B S
POORNIMA SHREE. S
Electronics and Communication Engineering
MEPCO SCHLENK ENGINEERING COLLEGE
SIVAKASI, INDIA
abiramibs340_bec25@mepcoeng.ac.in
poornimask2004_bec25@mepcoeng.ac.in
2.Reservation of company name:
After the DIN is obtained, the company has to
apply for a name. There are about 5-6 names
from which the company can choose one. If
the preferred name is not available, then the
company can choose a name by its own. After
this, the company has to apply for
incorporation. At this process, the company
has to come up with a Memorandum of
Association which includes company’s first
director and its operations.
Electronic Signatures:
To ensure the authenticity or security of
documents filed electronically, the information
act 2000 demands a valid digital signature on
the
necessary
documents
submitted
electronically. This is the only safe method
through which one can submit their essential
documents electronically.
STEPS:
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Decide on your IT service offerings
Research your market and competitors
Get a business license
Write a business plan
Open a business bank account
Secure funding
Choose your workplace
Create a basic budget to start
Draft and use client contracts for every
engagement
Hire strategically
Invest in marketing and networking
Make continuing education and
certifications a priority
ENTREPRENEURSHIP
ABIRAMI B S
POORNIMA SHREE. S
Electronics and Communication Engineering
MEPCO SCHLENK ENGINEERING COLLEGE
SIVAKASI, INDIA
abiramibs340_bec25@mepcoeng.ac.in
poornimask2004_bec25@mepcoeng.ac.in
VARIOUS FIELDS:
Feminism:
A feminist entrepreneur is an individual who
applies feminist values and approaches
through entrepreneurship, with the goal of
improving the quality of life and well-being of
girls
and
Conclusion:
Catastrophe is common in business but
it triumphs at last. Some of the famous
entrepreneurs Steve Jobs, Dhirubhai Ambani,
Shiva Nadar, Elon Musk, Mark Zuckerberg
have faced lots and lots of failures but they
never gave up. Identify your skills and ability
to be a best entrepreneur.
Nascent:
A nascent entrepreneur is someone in the
process of establishing a business venture.
Project-based:
Project entrepreneurs are individuals who are
engaged in the repeated assembly or creation
of temporary organizations.
Biosphere:
Biosphere entrepreneurship is entrepreneurial
activity that generates value for the biosphere
and ecosystem services.