Thursday, 13 August 2015

2.3. Who is an Entrepreneur?

Entrepreneur can be defined as an innovating individual who has developed an ongoing business activity where none existed before. Meredith (1988) defined an entrepreneur as a person
or person who possesses the ability to recognize and evaluate business opportunities, assemble the necessary recourses to take advantage of them and take appropriate action to ensure success. Entrepreneurs are people who constantly discover new markets and try to figure out how to supply those markets efficiently and make a profit. He is a person that searches for change, responds to change, and exploits change by converting change into business opportunity.
1.1.   Objectives of Entrepreneurial Education
Entrepreneurial education according to Paul (2005) is structured to achieve the following objectives.
1.  To offer functional education for the youth that will enable them to be self-employed and self-reliant.
2.  Provide the youth graduate with adequate training that will enable them to be creative and innovative in identifying novel business opportunities.
3.  To serve as a catalyst for economic growth and development
4.  Offer tertiary institution graduates with adequate training in risk management to make certain learning feasible.
5.  To reduce high rule of poverty
6.  Create employment generation

7.  Reduction in rural-urban migration 

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