INTRODUCTION TO ENTREPRENEURSHIP

Jean Babtiste Say proposed that an entrepreneur is a person who shifts resources from an area of high productivity to low productivity.

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Richard Cantillon defines entrepreneurs as a person who undertakes risk in order to maximize profit.

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Entrepreneurship is a process of innovation and new

venture creation through four major dimensions

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Entreprenuer is the person who owns and run a business while entrepreneurship is the process of establishing a business.

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Creation of new product value is an activity related to entrepreneurship.

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In Islamic entrepreneurship, there is separation between business and religion.

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According to Carl Menger, the four (4) factors of productions are: Land, labor, capital and entrepreneur

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Entrepreneurs are individuals who actively form or lead their own business and growth for profit maximization.

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Islam encouraged its ummah to venture into

business as 9 out 10 source of rizque reski can be found

in business

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The process of entrepreneurship or business development

is usually static.

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