Sachin Khedekar(220) Sagar Khshirsagar(224) Bhushan Patil(247) HarishPatil(248) Shantanu Patil(250)

Shyam Patil(251)

Entrepreneurship: An evolving concept The Myths about Entrepreneurship Definition of Entrepreneur Types of Entrepreneurs

Entrepreneur(French): Organizer of musical or other entertainments Oxford Dictionary(1897): Director/Manager of a public musical institution. 16th Century: Military term 17th Century: Civil engg activities 18th Century: Economic Aspect

Entrepreneur as a1. Risk-Bearer 2. Organizer 3. Innovator

Richard Cantillon Agent who buys factors of production at certain prices in order to combine them into a product with a view of selling it at uncertain prices in future Eg. Farmer, Merchants etc Uncertainty

Jean Baptiste Say Entrepreneur associated with the functions of coordination, organization & supervision. Organization of Land, Labor, Capital

Joseph schumpeter Economic development as a discrete dynamic change brought by entrepreneur by instituting new combinations of productions-innovations - New product in market - New production technology - Opening of a new market - New source of supply of raw material

Myth 1: Entrepreneurs Are Doers, Not Thinkers Myth 2: Entrepreneurs Are Born, Not Made Myth 3: Entrepreneurs Are Always Inventors Myth 4: Entrepreneurs Are Academic and Social Misfits Myth 5: Entrepreneurs Must Fit the Profile Myth 6: All Entrepreneurs Need Is Money

 Myth 7: All Entrepreneurs Need Is Luck Myth 8: Ignorance Is Bliss For Entrepreneurs Myth 9: Entrepreneurs Seek Success But Experience High Failure Rates Myth 10: Entrepreneurs Are Extreme Risk Takers (Gamblers)

Entrepreneur is defined as a person who tries to create something new, organizes production and undertakes risks and handles economic uncertainty involved in enterprise.

Entrepreneurship is a dynamic process of vision, change, and creation. It requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. Essential ingredients include the willingness to take calculated risks- in terms of time, equity, or career;the ability to formulate an effective venture team; the creative skill to marshall needed resources; the fundamental skills of building a solid business plan; and, finally, the vision to recognize opportunity where others see chaos, contradiction, and confusion.

1.

2.
3. 4.

Innovating Entrepreneurs Imitative Entrepreneurs Fabian Entrepreneurs Drone Entrepreneurs

1.

2.
3.

Social Serial Lifestyle