Introduction to Entrepreneurial Mind

It is pre-determined course of action to accomplish the set objectives; it is projecting things today and the future activity of the future. An entrepreneur has to make decisions as to what, how, when, where and whom it is to be done.

• Planning

• Organizing

• Management

• Innovation

It is where the entrepreneur discovers, change, update or invent new product for their business. It is being with the trend in our world to improve his/her competitive position and increase earnings.

• Planning

• Organizing

• Management

• Innovation

One of the function of Entrepreneur is Management, what kind of entrepreneurial management that is to see whether the plan or the activities has been performed according to plan or not.

• Staffing

• Directing

• Controlling

• All of the Above

Successful entrepreneurs always have clear and specific objective- a long term and short term objective.

• Self Confidence

• Creative

• Goal Setting

• Independent

Successful entrepreneurs are on date to the trend of the world that can use to improve their businesses, they always on the lookout for new technology that they can apply to their business.

• Ability to act quickly

• Demand for quality and efficiency

• Determination and Perseverance

• Updated with Technology

Practice of starting new business or organization by taking risk in return to identify opportunities.

The person responsible for setting up business or an enterprise; he is one who has the initiative, skill for innovation and who looks for high achievements.

Defined as the concept of developing and managing business venture in order to gain income or profit.

What is the meaning of the French word ‘Entreprende’ ?

The Frenchmen who gives the idea and conceptualized the entrepreneur as an organizer of a business firm, central to its distributed and production functions.