INTRODUCTION TO
ENTREPRENEURSHIP
National Centre for Youth
Development
By: Dwaine Forbes
Youth Empowerment Officer
March 30, 2011
1
DEFINITIONS

Entrepreneurship is a mindset and
practice of looking and acting upon
opportunities for economic and or
social benefits through innovation
and risk taking.

Entrepreneur is any person that
continuously seeks and acts upon
opportunities for economic and or
social gains through applying the
principle of creative problem solving.
2
WHY ENTREPRENEURSHIP?



Opportunities and support are
available
Create self employment
Promote innovation
3
WHY ENTREPRENEURSHIP?




Build communities
Alleviate psycho-social
problems and delinquency
Youth Unemployment is High
Help to Create Wealth and
Contribute to the Economy
4
THINK ENTREPRENEURIAL!

What matters
most is who
owns the cup!
ENTREPRENEURSHIP IS A
MIX OF:




Risk Taking
Mindset
Opportunity
Seeking
Innovation
6
Become an Entrepreneur

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Manage your time
Network
Find a mentor
Think big
Do your research
Value existing and potential
customers
8
TO BE SUCCESSFUL



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Improve your knowledge of
the industry
Be creative
Expand business through
reinvesting profits and
diversifying
Study likely changes in
business environment
9
STUDY CUSTOMERS
THINK OUTSIDE THE BOX
11
DEVELOP CREATIVE SOLUTIONS
12
Attention!

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Be patient
Reinvest profits for business
expansion
Learn more about the
business and industry
Ask for help
13
KEEP The FOCUS
CREATE WEALTH
15
CONTACT SUPPORT ORGANIZATIONS




National Centre for Youth
Development
Jamaica Youth Business Trust
Jamaica Business Development
Corporation
Office of Social Entrepreneurship
(UWI, Mona)
16
Support Organizations

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Ministry of Labour and Social
Security
Young Entrepreneurs Association
Young Americans Business Trust
Youth Crime Watch of Jamaica
Small Business Association
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