FOUNDATION OF ENTREPRENEURSHIP
Entrepreneurship means the desire to start a new business or to bring an idea to life. It is about spotting opportunities, taking calculated risks, and the desire to solve a problem or create something valuable. Entrepreneurs use resources, manage daily activities, and adjust to challenges along the way. The goal is usually to create, innovate in other to make profit. This can be done through small local businesses, fast-growing startups, or even social enterprises that aim to solve problems in society.
WHO IS AN ENTREPRENEUR:
1. A Problem Solver: They see challenges and come up with ideas or products that provide solutions.
2. A Risk Taker: They are willing to face uncertainty in order to turn their ideas into reality.
3. An Innovator. They bring something new or improved into the market—whether a product, service, or process.
4. A Value Creator: They build businesses that generate benefits for customers, communities, and themselves.
5. Organizes Resources: They bring together money, people, and tools needed to start and grow their venture.
6. Adaptable to Circumstances: They adjust quickly to changes in the market or unexpected challenges.
7. Aims for Growth: They focus on expanding their ideas, reaching more people, and making a lasting impact.
WHY ENTREPRENEURSHIP:
Key To Creates Solutions to Problems: Entrepreneurship solves real needs problems like M-Pesa in Kenya (Africa), which made mobile money possible for millions without bank access.
Drives Innovation: It brings new ideas to life—like Silicon Valley startups in the USA (North America) that revolutionized technology and communication.
Builds Jobs and Wealth: Entrepreneurs create opportunities—like India’s Infosys (Asia), which employs thousands and boosts the economy.
Transforms Communities It improves living standards—like Grameen Bank in Bangladesh (Asia), which empowered women through microloans.
Preserves Culture and Creativity Entrepreneurs keep traditions alive—like Indigenous art businesses in Australia (Oceania) that share heritage globally.
Shapes Global Markets They connect local to global—like Zara in Spain (Europe), which turned fast fashion into a worldwide industry.
Inspires Future Generations: Entrepreneurs show what’s possible—like Nubank in Brazil (South America), which made digital banking accessible to millions.
