- Identifying an opportunity
- Establish a vision
- Persuade Others
- Gather resources- financial, Human, others
- Create new venture
- Change and adapt with time
Challenges faced by entrepreneurs
- Planning - technical feasibility and economic viability
- Implementation
- Production
- Labour Management
- Marketing Management
- Financial Management
- Administrative Management
Scope of Entrepreneurship in India
India is on the brink of economic explosion. With globalization process on and supporting liberalization followed by Indian government- it is opening up a range of entrepreneurial opportunities for young generation. Even FDI entering India and venture capitalist willing to invest in new businesses, now is the best time for any entrepreneurial venture
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