1. ENTREPRENEUR VS ENTREPRENEURSHIP
1.1. ABOUT ENTREPRENEURSHIP
1.1.1. A SOCIETY THAT HAS ENTREPRENEURS IS CONSIDERED TO BE A SUCCESSFUL SOCIETY .
1.1.2. INDIVIDUALS WHO ARE CREATIVE , DYNAMIC AND INNOVATIVE .
1.1.3. THEY ARE WILLING TO TAKE RISKS AND FACE UNPREDICTABLE BY USING THEIR CREATIVITY AND WILL POWER.
1.1.4. MORE PRODUCTS OR SERVICES BEING OFFERED TO THE SOCIETY .
1.1.4.1. DEFINE THE CONCEPT OF ENTREPRENEUR
1.1.4.2. THE WORD ENTREPRENEUR IS DERIVED FROM FRENCH WHICH MEANS 'TO UNDERTAKE OR TO TRY' .
1.1.4.3. ABLE TO PERCEIVE AN OPPORTUNITY FOR A BUSINESS AND CREATE AN ORGANIZATION .
1.1.4.4. PROCESS OF SEEKING BUSINESSES OPPORTUNITIES AND CREATING SOMETHING NEW OF VALUE .
1.1.4.5. IDENTIFY , MANAGE , OBTAIN , TAKE CALCULATED RISKS , MANAGE AND UTILIZE THE FACTORS , WORK HARD .
2. THE JOURNEY
2.1. ACTION ENTREPRENEUR -SOMEONE WHO UNDERTAKES THE RISK ASSOCIATED WITH CREATING , ORGANISING AND OWNING A BUSINESS.
2.2. AWARENESS ENTREPRENEURSHIP - THE RECOGNITION OF AN OPPORTUNITY TO CREATE VALUE , AND THE PROCESS OF ACTING ON THIS OPPORTUNITY.
2.3. GUIDE ENTREPRENEURIAL PROCESS - IDEA GENERATION , IDEA VALIDATION , IDEA IMPLEMENTATION .
2.3.1. DIFFERENTIATE BETWEEN ENTREPRENEUR AND BUSINESSMAN
2.3.2. TIME
2.3.3. NATURE OF JOB
2.3.4. DECISION MAKING
2.3.5. EFFORT AND COMMITMENT
2.3.6. RISK TAKER
2.3.7. GOAL
3. 4 QUADRANT OF CASH FLOW FOR FINANCIAL FREEDOM
3.1. EMPLOYEE
3.2. SELF-EMPLOYED
3.3. BUSINESS OWNER
3.4. INVESTOR
3.4.1. EVOLUTION OF ENTREPRENEURSHIP?
3.4.2. HUNTING STAGE
3.4.3. PASTORAL STAGE
3.4.4. INDUSTRIAL REVOLUTION STAGE
3.4.5. MEDIA STAGE
3.4.6. PRESENT INDUSTRIAL STAGE
3.4.7. FUTURE STAGE
3.4.7.1. SOCIAL REPONSIBILITIES
3.4.7.2. HAVE 6 ROLES
3.4.7.3. CUSTOMERS
3.4.7.4. SOCIETY / COMMUNITY
3.4.7.5. SUPPLIERS
3.4.7.6. STAFF
3.4.7.7. COMPETITORS
3.4.7.7.1. SOCIOLOGICAL PERSPECTIVE : AS A GENERATION OR A GROUP WHICH ADOPTS ENTREPRENEURSHIP AS A CAREER TO IMPROVE THE STATUS .
3.4.7.8. COUNTRY
4. PERSONAL TRAITS OF AN ENTREPRENEUR ?
4.1. NEEDED
4.2. MUST HAVE INTEGRITY
4.3. CONCEPTUAL THINKING
4.4. RISK THINKING
4.5. NETWORKING
4.6. STRATEGIC THINKING
4.6.1. THEORY OF ENTREPRENEURSHIP ?
4.6.2. CONTRIBUTIONS AND ROLES PLAYED IN ECONOMIC DEVELOPMENT SUCH AS ALLOCATING RESOURCES EFFICIENTLY , CREATING JOB , AND PIONEERING INNOVATIONS .
4.6.3. PSYCHOLOGICAL PERSPECTIVE : BEHAVIOURS AND PERSONALITY TRAITS POSSESSED BY SUCCESSFUL INDIVIDUALS .
4.6.4. MANAGEMENT PERSPECTIVE : AS A STRATEGIC MANAGER TO ENSURE THE BUSINESS GAINS PROFIT AND EXPANDS.