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Unit-4 Entrepreneurial Skills-II
ENTREPRENEURSHIP 4
It is often said that an entrepreneur is an individual who establishes a business for making profit.
But it is little realised how entrepreneurs are serving the society and helping in the development
of the country.
ENTREPRENEURSHIP
The aim of an entrepreneur is to establish an ‘Enterprise’ and the process of doing it is
entrepreneurship. ntrepreneurship is successful if the entrepreneur is creative innovative
and uses the resources that are available in the society or country. n entrepreneur combines
various factors in a creative way in order to generate products as per the needs of customers.
Entrepreneurship creates wealth for the self and society as the society develops with facilities and
accomplishments by meeting the needs of citi ens. Society can be described as a combination of
people living together who play an important role in accomplishing the needs of each other.
Entrepreneurship is not only about self-employability but also about completion of life cycle of
society. It accelerates the economic growth of the society as it enables wealth creation for the
entrepreneur himself and the people who are employed in the enterprise.
It also contributes to the finance sector on a national scale for the government in the form of
taxation which is then redistributed in the society for different services of the nation.
ntrepreneurs keep keen eye on the different aspects and opportunities in the society. hey
identify the needs of people and society and innovatively come up with products or services to
cater to their needs. his enables the society to function more comfortably.
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