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  Use Local Materials: Using local materials helps entrepreneurs support local
                                          economies, reduce environmental impact through shorter supply chains, and
                                          often provides unique selling points tied to local culture or sustainability.




                Help Society: Entrepreneurs contribute to society by creating jobs, improving living
                 standards  through  innovative  products  or  services,  and  supporting  community
                 initiatives or causes, thereby fostering social development and well-being.
              Impact of Entrepreneurs on Society

              Entrepreneurs help society by creating jobs, giving people opportunities to work and earn money. They
              also innovate, making products better and cheaper for everyone. By starting businesses and competing,
              entrepreneurs improve our choices as consumers. Successful entrepreneurs often give back by supporting
              schools, hospitals, and community projects, making their communities stronger and improving quality of life
              for everyone. Some ways in which they impact society can be noted as follows:
               Create Jobs: They identify opportunities in the market and take risks to capitalise on them and generate
                 employment  opportunities  across  various  sectors.  The  jobs  created  by  entrepreneurs  often  lead  to
                 indirect employment through suppliers, service providers, and support industries, further stimulating local
                 economies.

               Sharing of Wealth:  Successful  entrepreneurs  contribute  significantly  to  wealth  distribution  through
                 various channels. They pay taxes on their business profits and personal incomes, They engage themselves
                 in donating substantial amounts to charitable causes, educational institutions, healthcare facilities, and
                 community projects.
               Lower Price of Products: Entrepreneurs drive down the prices of goods and services through competition
                 and  innovation.  By  entering  markets  with  new  products  or  improved  processes,  entrepreneurs  create
                 competitive pressures that compel existing businesses to improve efficiency, reduce costs, and offer better
                 value to consumers.
                      Do you know?

                     Tilak Mehta is India's youngest entrepreneurs who founded Papers N Parcels (PNP) at 13,
                     revolutionising same-day intra-city deliveries.



               SESSION             2   Qualities and Functions of an Entrepreneur


              In this session, we will learn about the qualities, functions and role played by an entrepreneurs. By understanding
              the qualities that make someone a successful entrepreneur, the tasks they handle, and the various roles they
              take on, you’ll get a clearer idea of what it takes to become an entrepreneur.

                 QUALITIES OF ENTREPRENEURS

              Quality is a way in which a person acts or behaves. Entrepreneurs possess different qualities. Some of them are:

                Confident:  Entrepreneurs  believe  strongly  in  themselves  and  their  ideas.  This  confidence  helps  them
                 convince others—like investors, customers, and employees—to believe in and support their business.





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