Entrepreneurial Journey Class 11 Notes Entrepreneurship Chapter 3 - CBSE
Chapter : 3
What Are An Entrepreneurial Journey ?
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Recent studies says a successful entrepreneurs share a number of common personality traits and these traits are the indicators of their sucess. Some of the personality traits are:
Personality Traits Of An Entrepreneur
- Trailblazers
- Go-getters
- Managers
- Motivators
- Authoritarians
- Collaborators
- Diplomats
Business Idea
- Generating Ideas
It is a innovative and creative process.
Ways to generate Idea
- Environment Scanning
- Creativity and creative Problem solving
- Brainstorming
- Focus group
- Market Research
- Feasibility Study
Types of Feasibility study
- Market feasibility
- Technical feasibility
- Financial feasibility
- Organisational feasibility
- Opportunity assessment
- Preparation of Business Plan
- Execution of Business Plan
Limitations Faced By Women Entrepreneurs
- Patriarchal society: Gender bias exists in the society due to patriarchal attitude.
- Lack of opportunities: Lack of education is a barrier which results in lack of opportunities. More focused programmes for their education enable them to overcome this challenge.
- Social Barriers: The traditions and customs prevailing in Indian society some time acts as an obstacle for
women to grow and prosper. - Attitude of creditors towards women: The society was slightly biased in their attitude towards woman
entrepreneurs as a result it is difficult for womem entrepreneurs to raise funds for their business. - Enabling technologies for women: New methods of Production, marketing and use of other modern technologies to create more opportunities.
- Organised Sector: Skill women work more in unorganised sector. Education and awareness help them to
join organised sector as a leader.
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