Micro entrepreneurs are the owners of small businesses that have fewer than five employees and have startup costs of less than $35,000 and annual revenue of less than $100,000. Life as a woman entrepreneur is not an easy option. There are myriad factors and areas which need to be addressed when entering into entrepreneurship, beginning from conceiving the idea of business, establishing it and then finally operating it successfully. There could be many reasons of attracting women to entrepreneurship. Some have the urge to be independent. They want to switch over to roles where the discretion of decision making vests with them. Power and authority are strong drives to attract women into this role. Many look forward to switching to this option as this gives them the flexibility of work when compared to their existing employment. This in turn allows them to balance their lives. Some may like this option as this gives them a direct recognition. When compared to contributions in service sectors where individual recognition is practically not possible, and entrepreneurship gives them a chance to enjoy the limelight.
Due to the lack of capital, technical know-how, entrepreneurship. etc., the private sector was shy in investing capital in heavy industries. The government took the initiative and established the Pakistan Industrial Development Corporation (PIDC) in 1952 to invest in industries that require heavy initial investment, have a long gestation period, and require a high degree of know-how. The PIDC’s major investments were in paper and paper board, cement fertilizer, jute mills, shipyards, and the Sui Karachi gas pipeline. By June in 1971, the PIDC had completed 59 industrial units and created a base for self-sustained growth in the industrial sector. The nationalization of industries in 1972 inflicted a heavy blow to the PIDC. Under the Presidential Ordained No. 5 of 1974, the government transferred the major projects to new Corporation. The PIDC is now reduced in size and stature. It is hardly operating 12 projects and facing great financial stringency.
Hermawan Kartajaya menjelaskan pengertian Entrepreneurship adalah suatu usaha untuk menciptakan nilai melalui pengamatan atas suatu kesempatan bisnis, dengan melakukan manajemen terhadap risiko yang mungkin timbul serta keterampilan untuk berkomunikasi serta memobilisasi sumber daya yang ada terutama sumber daya manusia sehingga dapat menciptakan sesuatu yang menghasilkan. Kreativitas adalah kemampuan untuk membuat kombinasi-kombinasi baru atau hubungan-hubungan baru antar unsur, data, variabel yang sudah ada sebelumnya Kemampuan untuk memecahkan suatu masalah serta memanfaatkan suatu peluang didasari oleh sifat kreativitas dari para pengelolanya, yaitu kemampuan untuk menciptakan gagasan baru serta menemukan cara baru dalam menyikapi masalah serta memanfaatkan peluang. Sesertagkan inovasi adalah kemampuan untuk menerapkan gagasan-gagasan baru atau pemecahan kreatif terhadapberbagai masalah serta dalam memanfaatkan peluang. Pengertian kreativitas serta inovasi secara singkat sering dianalaogkan : creativity – thinking new things, innovations = doing new things.
The word entrepreneur comes from the French word entreprendre, meaning ‘to embark on.’ In a business perspective, it means to start a business. Entrepreneur can also refer to a person who systematizes and administers a business and usually takes the risk for the sake of profit or turnover. He can also be defined as a person with high propensity who pioneers change or anyone who wants to work for himself. List all the insurance products you plan to sell. Include add-ons like gap insurance, roadside assistance, surety bonds, flood and earthquake insurance. 2. business management improves the quality of life. Mutual Trust Insurance PLC is poised at all times to demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.