Importance of Entrepreneurship

1. Business operated and owned by families, become the source of their livelihood.

• Self- employment

• Generate income for the industry and the community

• Create job for others

• Means of livelihood for the families

2. A person earning income from his own business or profession rather than by working for someone else.

• Means livelihood for the family

• Self-employment

• Establishment of industries

• Create jobs for others

3. The entrepreneur needs others to help him operate his business.

• Create jobs for others

• Self-employment

• Means livelihood for the family

• Establishment of industries

4. Part of the income derived from the sales of products goes to the income of the employees or workers and to the payment of taxes to the community.

• Means of livelihood for the family

• Generate income for the industry and the community

• Create jobs for others

• Establishment of industries

5. There are many industries established in a community as there are many entrepreneurs willing to put up their own businesses.

• Generate income for the industry and the community

• Self- employment

• Establishment of industries

• Create jobs for others