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Entrepreneurship Development Program.pptx

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Entrepreneurship Development Program.pptx

  1. 1. Entrepreneurship Submitted by : AYUSH SAXENA Needs And Objectives of Entrepreneurship Development Programs (EDP)
  2. 2. Entrepreneurship Entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk. • In simple words, Entrepreneurship is the act of creating a business or businesses while bearing all the risks with the hope of making a profit by transforming the world through solving big problems residing in society which affects life of people on daily basis. • By giving shape to your innovative ideas you can bring the change in society • You are your own boss so there you can work more effectively and in flexible working hours. • You can provide job opportunities to the unemployed people which makes you a job giver. • Can work anytime and anywhere without any external interference.
  3. 3. Entrepreneur • A person who makes money by starting or running businesses, especially when this involves taking financial risks. • An individual who identifies a need in the marketplace and works to fulfill it. • Entrepreneurs see possibilities and solutions where the average person sees only annoyances and problems. Their characteristics • Think creatively • Enjoy freedom and flexibility • Understand basic finance principles • They are goal oriented • Take self initiative • Are problem solvers. • They’re ambitious • They’re curious.
  4. 4. • EDP is a programme meant to develop entrepreneurial abilities among the people. • In other words, it refers to inculcation, development, and polishing of entrepreneurial skills into a person needed to establish and successfully run his / her enterprise. • The concept of entrepreneurship development programme involves equipping a person with the required skills and knowledge needed for starting and running the enterprise. • EDP is an effort of converting a person to an entrepreneur by passing him through thoroughly structured training Entrepreneurship Development Programme
  5. 5. Needs of EDP • Creation of Employment Opportunities :- EDP's enable prospective entrepreneurs in the setting up of their own units, thus enabling them to get self employment. • Capital Formation :-Entrepreneur as an organizer of factors of production employs his own as well as borrowed resources for the setting up of his enterprise. • Balanced Regional Development :- Small scale units can be set up in industrially backward and remote areas with limited financial resources. • Use of Local Resources :- EDPs can help in the proper use of local resources by providing guidance, assistance, education and training to the prospective entrepreneurs. • Improvement in per Capital Income:-More enterprises will lead to more production, employment and generation of wealth in the form of goods and services. It will result in the increase in the overall productivity and per capita income in the country.
  6. 6. • Improvement in the Standard of Living:-This enable them to ensure easy availability of better quality products at lower prices to the consumers which result in the improvement in the standard of living of the people.. • Economic Independence:-Export promotion and import substitution thus help in promoting economic independence of the economy.
  7. 7. Objectives of EDP • Develop and strengthen the entrepreneurial quality, i.e. motivation or need for achievement. • Analyse environmental set up relating to small industry and small business • Select the product. • Formulate proposal for the product. • Understand the process and procedure involved in setting up a small enterprise. • Know the sources of help and support available for starting a small scale industry. Objectives of EDP
  8. 8. • Acquire the necessary managerial skills required to run a small-scale industry. • Know the pros and cons in becoming an entrepreneur. • Appreciate the needed entrepreneurial discipline.
  9. 9. CASE STUDY

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