Page 80 - IT_Play_V1.0 Class9
P. 80
Unit
4 ENTREPRENEURIAL SKILLS-I
SESSION 1 What is Entrepreneurship?
Entrepreneurship is the process where people start new businesses or projects to turn their ideas into reality.
It goes beyond simply being self-employed; it involves identifying opportunities in the market or society
and taking calculated risks to capitalise on them. Entrepreneurs are innovative thinkers who harness their
creativity and determination to bring new products, services, or solutions to the world. They are not just
business owners, but visionaries who envision and execute ideas that can fill gaps in the market or address
unmet societal needs.
Entrepreneurship is about more than financial gain; it’s about making a meaningful impact. Entrepreneurs
drive economic progress by fostering competition, innovation, and job opportunities. They are willing to
navigate uncertainties and overcome challenges to realise their visions. In this session, we will learn more about
entrepreneurship and enterprise.
ENTREPRENEURSHIP
Entrepreneurship is all about starting and managing a new business or project by bringing fresh ideas to
meet customer needs. It begins with someone identifying an opportunity in the market where they think
they can offer something valuable. Entrepreneurs are the ones who take the lead in turning these ideas into
real businesses. They make plans, take risks, and work hard to establish their businesses and introduce their
products or services to customers.
What makes entrepreneurs special, is their creativity and readiness to face challenges. They often deal with
issues like finding money to start their business, competing with other companies, and using their resources
wisely. But with determination and effort, they aim not just to make money but also to have a positive impact
on society.
Successful entrepreneurship isn’t just about profits; it’s about finding new ways to solve problems and meet
people’s needs. Entrepreneurs help their communities by creating jobs, improving what’s available, and
helping the economy grow. They have a big role in shaping how businesses work and making the world a
better place with their ideas and hard work.
Enterprise
An enterprise is like a project or business venture in which people start to meet a specific need in society.
It could be a new shop selling unique products, a service that helps people in some way, or even a big
company that makes things we use every day. Enterprises involve planning and using resources wisely to
make sure they can achieve their goals and serve their customers well.
78 Information Technology Play (Ver 1.0)-IX

