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

    1. 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
    1. Feasibility Study

    Types of Feasibility study

    • Market feasibility
    • Technical feasibility
    • Financial feasibility
    • Organisational feasibility
    1. Opportunity assessment
    1. Preparation of Business Plan
    1. 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.