Youth Entrepreneurs, Alternatives to Employment Generation


Entrepreneurship is the terminal stage of the entrepreneurial process wherein after setting up a venture one looks for diversification and growth.

An entrepreneur is always in search of new challenges.

An entrepreneur is not a routine businessman he might not have resources but he will have ideas. He is innovative and creative.

He can convert a threat into an opportunity.

Entrepreneurship is a creative activity.

It is the ability to create and build something from practically nothing.

It is a knack of sensing opportunity where others see chaos, contradiction and confusion.

Entrepreneurship is the attitude of mind to seek opportunities, take calculated risks and derive benefits by setting up a venture. It comprises of numerous activities involved in conception, creation and running an enterprise.

According to Peter Drucker, entrepreneurship is defined as ‘a systematic innovation, which consists in the purposeful and organized search for changes, and it is the systematic…

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