DEVELOPING ENTREPRENEURSHIP

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INTRODUCTION

According to the most important and recognized economists, entrepreneurship is an important ingrediant to stimulate economic growth and provide more employment opportunities for the youths in any developing country. presently around the world, small businesses and enterprises are the enzymes that stimulates rapid development and growth, they are the primary engines of job creation, growth of income and poverty elevation. a literature review on entrepreneurship education has suggested that this important programs has been very successfull in young entrepreneurs to start small businesses or to develop or improve the performance of and already existing business. Entrepreneurship is very important in the growth and development of countries , it provides techniques through initaition and distribution of national wealth and services. An entrepreneur is a very important player on the pitch of economic growth and development as they are an integral part of socio economic transformation, it is therefore very important for governments of developing countries to provide the necessary support for entrepreneurship.

THE ORIGIN, CONCEPT AND DEFINITION OF ENREPRENEURSHIP

In the 18th century, RICHARD CANTILLON associated the risk bearing factor or activity in an economy with entrepreneurs.
In great britain around the same period, the industrial revolution was constantly evolving, entrepreneurs played a very important role in risk management , utilization and transformation of available resources.
The word "ENTREPRENEUR" is derived from the french word "entreprendre" which simply means to undertake. an Entrepreneur can either be a female or a male. they are people willing to undertake the risk of owning managing and controlling a business, whether small or large.

In the 18th century the economist RICHARD CANTILLON first used it as a technical economic term, the term meant an employer in the character of one who assumes the risk and management of a business venture, an undertaker of economic enterprises, in contrast to the ordinary catalist, who strictly speaking merely owns an enterprise and may choose to take no part in its day to day operation.
Entrepreneurs where never differentiated from regular capitalists until the 19th century. commonly entrepreneurship was closely associated with just starting a business, but this is an obvious limitation to a word and topic so rich in meaning and significance to both individuals and the economy at large.
Entrepreneur can be used to identify all those venturesome and adventurous individuals who tend to stimulate economic growth through innovation, they simply find new and more productive methods and ways of doing things to get better results. they possess skills and immortal abilities in processing important knowledge and information which gives way for a very lively and active economic development agent.
According to another capitalist view by "JACQUES TURGOT8"
He says that the entrepreneur simply shifts economic resources and services from a level of lower productivity to higher productivity and greater yield.
Entrepreneurs drives the creative destructive process of capitalism. they innovate and revolutionalize the patterns of production and delivery of goods and services. They do this in different ways , either by capitalizing on old ideas and making them better or creating totally different and new ideas to solve critical problems in the economy.

ENTREPRENEURSHIP

To most economists, entrepreneurship is simply an ability or willingness of an individual to bear or undertake the risk of running managing and controlling a new profitable business venture. others simply say it is the ABILITY OF AN INDIVIDUAL TO MARKET AND PROFIT FROM INNOVATION. Others also says its the ability of an individual to create and produce more goods and processes that is needed in the market and are not currently supplied.
Futher more an entrepreneur is someone who simply searches for change, reacts to it and expliots it as a profitable oppurtunity. entrepreneurship is for people who possess the right amount of interest that makes them run after or pursue their goals and dreams to improve their dreams and create a business venture. it is often associated with small and large business ownership and management.
Entrepreneurship is a controlling, management and leadership technique that involves pursuing opportunities without regarding the resources available or currently controlled.

DARK SIDES OR LIMITATIONS OF ENTREPRENEURSHIP.

There are always limitations and disadvantages attached to every idea or concept. this section of the entrepreneurial profile has a destructive source that exists within the energectic drive of all successful entrepreners around the globe.

1. A SENSE OF DISTRUST

Entrepreneurs try to anticipate and act on developments that others will recognize too late. this distrustful state can result in their focusing on trivial things, causing them to loose sight of reality, distort reasoning and logic and take destructive actions.
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1. UNTAMED DESIRE FOR SUCCESS.
   An entrepreneurs ego and pride is always involved with his/her desire for success. therefore he/she rises up as a defiant person who ignorantly and creatively acts to only succeed and takes accolade in demonstrating that success, in this lies the seeds of possible destructiveness. the individual now tends to be more important than the intended business venture itself.

2. UNENDING STRESS
   In other for an entrepreneur to achieve and undertake his/her set goals , they must be willing to tolorate and control stress. they are 4 common causes of entrepreneurial stress and they include

3. IMMERSION IN BUSINESS

4. PEOPLES PROBLEMS

5. THE NEED TO ACHIEVE

6. LONELINESS

7. EXTERNAL OPTIMISM

All entrepreneurs maintain a high level of entusiasm that always gives off an external energy of optimism which allows others to believe in them during rough and challenging periods. when taken to extreme this optimistic behaviour can always lead to a fantasy and deceiving approach to a business venture.

CONCLUSION

In present days an entrepreneur is known as an innovator, manager, developer who can recognize and sieze profitable opportunities , they convert this ideas into workable, practicable and marketing ideas and concepts which adds values through time, effort, input, money and skills. entrepreneurs assume the risk of the competitive marketplace to enforce these ideas and realizes the rewards from his/her efforts.
Entrepreneurship is the aggressive catalyst for the necessary change in the business world.

A SIMPLE INDEPENDENT THINKER WHO DARES TO BE DIFFERENT IN A BACKGROUND OF COMMON EVENTS.