Concept of Entrepreneurship
The word “entrepreneur” was derived from the French word “ entreprendre” which
means “to undertake”. This is pinpointing to those who “undertake” the risk of
enterprise. The enterprise is created by an entrepreneur and the process is called
“Entrepreneurship”. Entrepreneurship are innovator. They are willing to take the risks
and generate unique ideas that can provide profitable solutions to the needs of the market
and the society. Entrepreneurship is encouraged by the economy because it can provide a lot
of opportunities for the unemployment people.
Factors Affecting Entrepreneurship
1. Personality Factors which include:
a. Initiative
doing things even before being told.
b. Proactive
which means he can classify opportunities and seize it
c. Problem Solver
which means he can retain good relations with other people.
d. Perseverance
he will pursue things to get done regardless of challenges.
e. Persuasion
that he can entice people to buy even if they don’t want to.
f. A Planner
makes plans before doing things and does not fall to monitor it.
g. Risk-Taker
he is willing to gamble but he will calculate it first.
h. Adaptability and Flexibility
it is critical to be adaptable and flexible to flourish in this ever-changing
world. One of the most difficult tasks for entrepreneurs is the ability to pivot
and alter direction when necessary
2. Environmental Factors
Which include political, climate Change, legal system, economic, social conditions,
and market situations.
The word “entrepreneur” was derived from the French word “ entreprendre” which
means “to undertake”. This is pinpointing to those who “undertake” the risk of
enterprise. The enterprise is created by an entrepreneur and the process is called
“Entrepreneurship”. Entrepreneurship are innovator. They are willing to take the risks
and generate unique ideas that can provide profitable solutions to the needs of the market
and the society. Entrepreneurship is encouraged by the economy because it can provide a lot
of opportunities for the unemployment people.
Factors Affecting Entrepreneurship
1. Personality Factors which include:
a. Initiative
doing things even before being told.
b. Proactive
which means he can classify opportunities and seize it
c. Problem Solver
which means he can retain good relations with other people.
d. Perseverance
he will pursue things to get done regardless of challenges.
e. Persuasion
that he can entice people to buy even if they don’t want to.
f. A Planner
makes plans before doing things and does not fall to monitor it.
g. Risk-Taker
he is willing to gamble but he will calculate it first.
h. Adaptability and Flexibility
it is critical to be adaptable and flexible to flourish in this ever-changing
world. One of the most difficult tasks for entrepreneurs is the ability to pivot
and alter direction when necessary
2. Environmental Factors
Which include political, climate Change, legal system, economic, social conditions,
and market situations.
