Avik Samanta BCAS401

INTRODUCTION
OF ENTREPRENEURSHIP
SUBJECT NAME: Entrepreneurship

SUBJECT CODE: BCAS401
STUDENT NAME: Avik Samanta
UNIVERSITY ROLL NO.: 30901221185
UNIVERSITY REG. NO.: 213091001210182
DEPARTMENT: BCA
SEMESTER: 4th
What Is Entrepreneurship?
• Concept of Entrepreneurship :
Entrepreneurship is the ability and readiness to develop, organize
and run a business enterprise, along with any of its uncertainties in
order to make a profit. The most prominent example of
entrepreneurship is the starting of new businesses.
In economics, entrepreneurship connected with land, labour, natural
resources and capital can generate a profit. The entrepreneurial
vision is defined by discovery and risk-taking and is an indispensable
part of a nation’s capacity to succeed in an ever-changing and more
competitive global marketplace.
• Meaning of Entrepreneur :
The entrepreneur is defined as someone who has the ability
and desire to establish, administer and succeed in a startup venture
along with risk entitled to it, to make profits. The best example
of entrepreneurship is the starting of a new business
venture. The entrepreneurs are often known as a source of new ideas
or innovators, and bring new ideas in the market by replacing old
with a new invention.
Types Of Entrepreneurship?
It is classified into the following types -
• Small Business Entrepreneurship :
These businesses are a hairdresser, grocery store, travel agent, consultant, carpenter, plumber,
electrician, etc. These people run or own their own business and hire family members or local
employee. For them, the profit would be able to feed their family and not making 100 million
business or taking over an industry. They fund their business by taking small business loans or
loans from friends and family.
➢Characteristics of Small Business Entrepreneurship :
o Entrepreneurs focus on a single product, technology, market or localism while establishing small
business entrepreneurship.
o Small business entrepreneurship usually has no expansion plans in the initial stages of
establishment.
o The primary objective of small business entrepreneurship is to generate profits from the early
days of establishment
• Scalable Startup Entrepreneurship :
This start-up entrepreneur starts a business knowing that their vision can change the world.
They attract investors who think and encourage people who think out of the box. The research
focuses on a scalable business and experimental models, so, they hire the best and the
brightest employees. They require more venture capital to fuel and back their project or
business.
➢Characteristics of Scalable Startup Entrepreneurship :

o Like small business entrepreneurship, scalable startups are also initially established as small
scale industries. However, entrepreneurs have a vision for growth and further expansion
from day one.
o In scalable startups, entrepreneurs generate revenue rather than just profits and invest in
their enterprises for growth and expansion.
o External investors and venture capitalists fund the most scalable startup entrepreneurship.
• Large Company Entrepreneurship :
These huge companies have defined life-cycle. Most of these companies grow and sustain by offering
new and innovative products that revolve around their main products. The change in technology,
customer preferences, new competition, etc., build pressure for large companies to create an innovative
product and sell it to the new set of customers in the new market. To cope with the rapid technological
changes, the existing organisations either buy innovation enterprises or attempt to construct the
product internally.
➢Characteristics of Large Company Entrepreneurship :

o In large company entrepreneurship, entrepreneurs primarily focus on planning innovations and turn
them into products to meet customer needs and attract new customers.
o Large company entrepreneurs typically acquire new and small enterprises and increase their reach to
more customers.
o The purpose of entrepreneurs is to maintain the quality of products and sustain continuous growth in
large company entrepreneurship.
• Social Entrepreneurship :
Social entrepreneurship involves entrepreneurship, where an entrepreneur sets up an enterprise
primarily to produce products and services that can be profitable to solve social problems. In simple
words, enterprises providing innovative solutions to solve community-based issues fall under social
entrepreneurship. Social entrepreneurs are more focused on implementing positive social changes with
their products and services rather than generating more profit. Generally, they start as non-profit
businesses or enterprises and push themselves to work towards social good.
➢Characteristics of Social Entrepreneurship :

o Social entrepreneurship is a type of non-profit venture. The money earned through such ventures is
invested towards the company's goals and research, rather than the development of the enterprise or
expansion.
o Social entrepreneurship is typically driven by funding through external investors who support the
mission towards resolving social issues.
o In social entrepreneurship, entrepreneurs usually raise funds through various alternative methods,
such as sponsorship, grants, donations earned within their social groups, etc.
• Ability to take a risk- Starting any new venture involves a considerable
amount of failure risk. Therefore, an entrepreneur needs to be
courageous and able to evaluate and take risks, which is an essential part
of being an entrepreneur.
• Know your Product- A company owner should know the product
offerings and also be aware of the latest trend in the market. It is
essential to know if the available product or service meets the demands
of the current market, or whether it is time to tweak it a little. Being able
to be accountable and then alter as needed is a vital part of
entrepreneurship.
Characteristics of • Innovation- It should be highly innovative to generate new ideas, start a

company and earn profits out of it. Change can be the launching of a
Entrepreneurship new product that is new to the market or a process that does the same
thing but in a more efficient and economical way.
• Visionary and Leadership quality- To be successful, the entrepreneur
should have a clear vision of his new venture. However, to turn the idea
into reality, a lot of resources and employees are required. Here,
leadership quality is paramount because leaders impart and guide their
employees towards the right path of success.
• Open-Minded- In a business, every circumstance can be an opportunity
and used for the benefit of a company. For example, Paytm recognised
the gravity of demonetization and acknowledged the need for online
transactions would be more, so it utilised the situation and expanded
massively during this time.
THANK YOU
SUBJECT CODE: BCAS401
DEPARTMENT: BCA
SEM: 4th

Avik Samanta BCAS401

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INTRODUCTION

SUBJECT NAME: Entrepreneurship

➢Characteristics of Scalable Startup Entrepreneurship :

➢Characteristics of Large Company Entrepreneurship :

➢Characteristics of Social Entrepreneurship :

Characteristics of • Innovation- It should be highly innovative to generate new ideas, start a

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