An Overview On Entrepreneurship Development program
Every individual must have thought of having owing a business once in their lifetime. They come up with amazing ideas that are brilliant in their own way. Some are able to accomplish their dreams and are successful and happy with them but some are unable to carry on with their dreams. It can be any reason like finance issue or they don’t have enough knowledge or can be any other reason as well Entrepreneurship development program helps those individuals to provide them enough knowledge to Design their startups. It helps in strengthening the skills, capabilities, and motives of the individual. It is done by providing them with proper training and classroom lectures. It helps in Providing enough knowledge that later helps in sustaining the competitive world. They make their students ready to face the harsh competition and take proper decisions that bring success to their business.
What does an entrepreneurship development program do?
- Entrepreneurship Development progam introduces the students with law and make them aware about rules and regulations imposed by the government
- Entrepreneurship Development progam helps in industrialising not only the urban section and high class society but also the rural section and backward and poor societies too
- Entrepreneurship Development progam helps the individual to analyse and understand about the environment they’ll be working in
- Entrepreneurship Development progam helps to design the ideas like business, manufacturing, industrial, etc
- Entrepreneurship Development progam encourages the individual to take risks that can be beneficial for the business
- Entrepreneurship Development progam helps in building the required qualities such as consistency, motivation, dedication, able to take risk, and to be able to work under pressure .
Importance of Entrepreneurship Development Program
1. It helps in generating employment opportunities for the under developing as well developing countries
2. Guiding the individual effective ways to utilize the resources as effective utilization of resources helps in minimizing the cost of production which leads to profitability
3. An increase in profitability leads to an increase in capital revenue
4. It helps in providing financial assistance and also encourages banks to help and encourage young entrepreneurs.
5. Innovative methods and techniques are provided to young entrepreneurs that help them manufacture the product at a lower price
6. It helps in increasing the standard of living
7. It helps in developing an overall society by encouraging individuals to produce goods that are affordable and required by society.
8. It provides job opportunities hence leading to the overall development
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