NATURAL PRODUCTS

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NAME: CHIKEYA ISHMAEL
COURSE: TECHNOPRENEURSHIP
REG. NUMBER: H140505G
DEPARTMENT: BIOTECHNOLOGY
ASSIGNMENT: DISCUSS WITH PRACTICAL EXAMPLES TEN FACTORS THAT HAVE LED TO THE GROWTH OF ENTREPRENEURSHIP LECTURER: MAKASI
YEAR: 2014

Entrepreneurship is the procedure of starting a business or an organisation. Entrepreneurs are people who have the ability to see and evaluate business opportunities, by gathering necessary resources to ensure success. Entrepreneurship can either be large scale or small scale operations. An entrepreneur uses the available economic resources out of an area of lower productivity to a level that is higher hence produce high yield. In the past decade entrepreneurial growth has been added by a number of factors which are grouped as economic development, culture, and technological development and education categories. The presence of these factors ensures effective entrepreneurial growth.

Availability of capital ensures rapid entrepreneurial growth. Availability of capital gives the power to the entrepreneur to start a business. The entrepreneur can easily buy raw materials, the land, machines to mention a few and combine them to produce goods. With capital, people with ideas to start business cannot have a great barrier to start their business hence they can put their ideas into reality. If capital is plenty it will lead to intraprenuership that is the growth of other subsidiary branches. Due to presence of capital rapid growth in investments occurs for instance, econet wireless present off capital from other company branches such as



References: El Fasiki Hamza(June,2013);The Family Business In Collectivist Societies Volume 8;Tharawat Magazine Jeffry A. Timmons and Stephen Spinally(2004);New Ventures Creation 6th edition; McGraw Hill Doris Omerzel Gomezelj,et al;Research Paper; Emerald Group Publishing Scholars; Journal of Technology Management and Innovation (2011);Volume 6,Issue 1 Outwardlooking.com/how-do-individualist-cultures-behave-differently-to-collectivist-ones;21 May 2012 Wendel Clark;www.ehow.com;21 May 2014 www.forbes.com/sites/lewishowes/2012/07/17/20-business-quotes-and-lessons-from-walt-disney/ www.google.com www.owla.co.za;Copyright;2014 www.wikipedia.org

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