Entrepreneurship Development Class 12 Notes CBSE Business Studies Chapter 13 (Free PDF Download)

The chapter ‘Entrepreneurship Development’ consists of various important definitions, modern terms of business, start-up initiatives programmes, and all together it’s growth is discussed overall. Hence, this chapter is very important, also the students have a high tendency to lose hold of this chapter before their examination, to refresh their memory in this chapter and also to provide the capsuled revision for the students, this revision material is introduced.

• Students aspiring to pursue in this field of Entrepreneurship will be much benefitted from the tender age 

• They will know all the pros and cons of the steps of Entrepreneurship. 

• They will be aware of the start up initiatives taken up by the government which will too help in their growth.

• From this study they get to know about the entrepreneurial techniques used and base their knowledge on how they can stand benefitted.

The steps are:

• Discover – analysis of opportunities involving inputs from different people, such as channel partners, technical people, employees, and consumers, to arrive at the perfect business opportunity. 

• Evaluation – multiple questions are asked to oneself such as the chances of success after investment, the target market, and the competitive advantages.

• Planning – the most important point for any new business because it will set standard assessment criteria and see whether the company is achieving them.

• Resources –  recognizing the sources of finance and human resources, finding investors for the new business.

• Management –  deciding on the structure of the management to resolve any operational problem.

• Harvesting –  Comparison of real-time statistics with projected growth.

Entrepreneurship development refers to the process of improving the skills of entrepreneurs with classroom coaching programs and training. The major focus of this process is to have qualified entrepreneurs in large numbers.  In other words, the process of entrepreneurship development revolves around supporting entrepreneurs so that they can advance their knowledge through coaching classes and training. 

The main objectives of entrepreneurship development programmes include increasing the knowledge as well as the skill of the existing entrepreneurs while encouraging other aspirants to become an entrepreneur too. Actually, it increases the quality and quantity of such persons in the economy and also empowers them to arrive at better decisions and make a logical judgement for business activities.

An entrepreneur refers to an innovator, risk-taker, creator of jobs, seeker of excellence, who is goal-oriented, possesses persistence, has creativity, and builds an organization to create something of value.

An entrepreneur may be any individual who can undertake the building of a commercial organization through recognition of the potential demand of goods and services while acting as the agent of transforming the demand to supply. Complete information of the Chapter 13 of Class 12 Business Studies is available on Vedantu.

The term entrepreneur means a person bearing the risks, combining different factors of production while bringing innovative ideas. Entrepreneurship refers to the kind of activities that are performed by the entrepreneur. The entrepreneur is a human, entrusted with identifying the business opportunities while taking it from a mere idea to proper execution. It's a one-man show. It's a process that involves different actions that must be undertaken for establishing an enterprise and involves multifaceted activities. For more, visit Vedantu. The solutions are free of cost and also available on Vedantu Mobile app.