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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