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The Parliamentary Republic of Botswana declared its independence from the United Kingdom on September 30, 1966.  With a population as of 2003 of 1,573,267 Botswana has great potential for accelerated entrepreneurship.  The GDP per capita is 15,800. 

Since independence, Botswana has had the fastest growth in per capita income in the world.  Economic growth averaged over 9% per year from 1966 to 1999.  Much of that is due to the stockpiling of foreign exchange reserves and most of the impressive economic record has been built on revenue generated from diamond mining to fuel economic development.  The economy, closely tied to South Africa’s, is dominated by mining, especially diamonds, cattle, and tourism.  Some going concerns of the country are that it is the second highest HIV infection rate in the world after Swaziland, and that it is heavily reliant on mining for economic stability.  Read more...

In this work I will explore the importance of innovation and the creative endeavor in Asia that leads to entrepreneurship. We also discuss how entrepreneurship develops new ideas and, from heir ideas, establish new enterprises that add value to Asian society.

If creativity is the seed that inspires entrepreneurship, innovation is the process of entrepreneurship. Enterpreneurers are often thought to be “inspired” people, and perhaps they are, but more important, they often recognize changes and opportunities that can result from a dynamic world. Innovation is an important factor of entrepreneurship for every leader. It is defined as the process of doing new things. Therefore, it is often the active translation of a creative idea into a new product, service, or technology. Drukers writes that “innovation…is the means by which the entrepreneur either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth.”  Read more...

Everywhere you turn nowadays, you always hear about venturing into entrepreneurship. But what is entrepreneurship exactly? It is actually defined as the process wherein a group or an individual makes an effort to pursue opportunities to satisfy needs and wants through uniqueness and innovation.

In a nutshell, entrepreneur solves problem for a profit. Some people have the misconception that entrepreneurs are gamblers in the sense that they take risks and invest in industries that have no record of success.

However, the truth is, these entrepreneurs take calculated risks that have the potential to provide them with huge returns. That is one of the secret science of getting rich. The ability to take calculated risk. The key factors you need to remember about entrepreneurship are opportunities, innovation, and growth.

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Budding business people are always on the hunt for useful tips that they can use for their home-based entrepreneurship. More and more people now are interested in creating a home based business because of the endless opportunities available online, even unknowledgeable individuals.

Through the internet, any person can become an entrepreneur. An online home-based entrepreneurship requires less capital investment and so many people think that they can easily make a fortune out of it. But you see, even an online business requires careful thought and consideration. You have to exert a lot of effort and time to make it a success. Some of the online entrepreneurship opportunities include affiliate marketing, blogging, copywriting, and many others. If you take your time to do some research, you can find many high-profits earning business opportunities out there.  Read more...

Why is it important to establish the moral status of entrepreneurship? Unless it can be shown that the entrepreneur does what is morally worthwhile as an entrepreneur, that his role is ethically praiseworthy, not only his or her status in the market but the market itself becomes vulnerable to serious moral criticism. This is because it is well recognised that ethics are the free market’s life line. Many economists are beginning to realise this. Indeed, it is entrepreneurial activity that makes the best sense of profit – another vital part of capitalism.

However, without also demonstrating that entrepreneurship is ethical, the market would at most be hospitable to morally indifferent kinds of behavior; at worst it would encourage moral callousness and discourage the pursuit of presumably morally more significant objectives, such as order, self-restraint, artistic excellence, family values.

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Depending upon the way in which we choose to view it, the strengths or weaknesses of the concept of social entrepreneurship lie in the fact that most of its applications are in the form of a hybrid between private, non-profit and public sectors. As described, one such hybrid is found in non-profit organisations with an entrepreneurial offshoot that generates revenue for the organisation’s social objectives. With greater emphasis on the private, for-profit sector, a hybrid model is emerging whereby businesses lend money and expertise to non-profits. Increasingly, this latter model is linked to public pressure for businesses to demonstrate a measure of social responsibility.

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It seems like everyone these days is talking about one thing: entrepreneurship. Either someone’s an entrepreneur or someone else is talking about a new enterprise. Just what’s so great about this whole entrepreneurship buzz anyway?

The definition

Entrepreneurship is a person (or sometimes a group) which pursues opportunities to satisfy needs and wants using uniqueness and innovation. It’s going after an idea and making it happen.

Some people think an entrepreneur is a business gambler, taking chances on an unproven business or an idea to make money. Sure, entrepreneurs take risks, but they’re calculated ones, not random investments on crazy concepts. The risks entrepreneurs choose are ones determined to have the potential for great return.

The profile

Three factors are the keys to entrepreneurship: opportunities, innovation, and growth.  Read more...

It is proposed that the process of entrepreneurship initiation has its foundations in person, intuition, society and culture. It is much more holistic than simply an economic function and represents a composite of material and immaterial, pragmatism and idealism. The essence is the application of creative processes and the acceptance of a risk-bearing function, directed at bringing about change of both economic and social nature. Ideally, but not necessarily, the outcomes would have positive consequences. The key to initiating the process of entrepreneurship lies within the individual members of society and the degree to which a spirit of enterprise exists or can be initiated.

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You hear a lot of talk lately about entrepreneurship, but have you given any thought to what the term entrepreneurship means? Entrepreneurship is defined in Wikipedia as:

”…the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities.”

Some people mistakenly believe that entrepreneurs are gamblers, since they are perceived to be risk takers. Often times entrepreneurs are driven by a need to innovate rather than a need for excitement or risk. In reality entrepreneurs take calculated risks. These calculated risks generally that have the potential for significant returns.

Opportunity, innovation, and growth are three key factors to consider. Often times an entrepreneur identifies trends and changes as opportunities before others even notice them. In order to take advantage of opportunities as they arise, entrepreneurs often need to take action with the resources that they have on hand.  Read more...

Entrepreneurship comes with more baggage than one would expect. From designing a logo to picking a financial planner, a lot needs to be understood and executed systematically to succeed in commercial endeavors. The order of things could be particularly difficult to comprehend if you are a first time entrepreneur. Entrepreneurship training can help you deal with the business of doing business much better. This is not to say that practicing entrepreneurs don’t need help. If you already own a business, then entrepreneurship training can help you become more efficient, by filling any gaps there might be in the way you run your show.

Most training program packages offer several modules ranging from personal finance to business strategy. The popular ones include:

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