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INTRODUCTION TO INTRODUCTION TO ENTREPRENEURSHIPENTREPRENEURSHIP

National Centre for Youth National Centre for Youth Development Development

By: Dwaine Forbes By: Dwaine Forbes

Youth Empowerment OfficerYouth Empowerment Officer

March 30, 2011 March 30, 2011

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DEFINITIONS DEFINITIONS Entrepreneurship Entrepreneurship is a mindset and is a mindset and

practice of looking and acting upon practice of looking and acting upon opportunities for economic and or opportunities for economic and or social benefits through innovation social benefits through innovation and risk taking.and risk taking.

Entrepreneur Entrepreneur is any person that is any person that continuously seeks and acts upon continuously seeks and acts upon opportunities for economic and or opportunities for economic and or social gains through applying the social gains through applying the principle of creative problem solving.principle of creative problem solving.

WHY ENTREPRENEURSHIP? WHY ENTREPRENEURSHIP?

Opportunities and support are Opportunities and support are available available

Create self employmentCreate self employment Promote innovation Promote innovation

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WHY ENTREPRENEURSHIP? WHY ENTREPRENEURSHIP?

Build communitiesBuild communities Alleviate psycho-social Alleviate psycho-social

problems and delinquency problems and delinquency Youth Unemployment is HighYouth Unemployment is High Help to Create Wealth and Help to Create Wealth and

Contribute to the Economy Contribute to the Economy

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THINK ENTREPRENEURIAL! THINK ENTREPRENEURIAL!

What matters What matters most is who most is who owns the cup!owns the cup!

ENTREPRENEURSHIP IS A ENTREPRENEURSHIP IS A MIX OF: MIX OF:

Risk Taking Risk Taking MindsetMindset Opportunity Opportunity

SeekingSeeking Innovation Innovation

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Become an EntrepreneurBecome an Entrepreneur

Manage your timeManage your time Network Network Find a mentor Find a mentor Think big Think big Do your research Do your research Value existing and potential Value existing and potential

customerscustomers

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TO BE SUCCESSFULTO BE SUCCESSFUL

Improve your knowledge of Improve your knowledge of the industry the industry

Be creativeBe creative Expand business through Expand business through

reinvesting profits and reinvesting profits and diversifying diversifying

Study likely changes in Study likely changes in business environment business environment

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STUDY CUSTOMERS

Customer

THINK OUTSIDE THE BOX THINK OUTSIDE THE BOX

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DEVELOP CREATIVE SOLUTIONS DEVELOP CREATIVE SOLUTIONS

Attention!Attention!

Be patient Be patient Reinvest profits for business Reinvest profits for business

expansion expansion Learn more about the Learn more about the

business and industry business and industry Ask for help Ask for help

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KEEP The FOCUS

CREATE WEALTH CREATE WEALTH

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CONTACT SUPPORT ORGANIZATIONS CONTACT SUPPORT ORGANIZATIONS

National Centre for Youth National Centre for Youth Development Development

Jamaica Youth Business Trust Jamaica Youth Business Trust Jamaica Business Development Jamaica Business Development

Corporation Corporation Office of Social Entrepreneurship Office of Social Entrepreneurship

(UWI, Mona)(UWI, Mona)

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Support Organizations Support Organizations

Ministry of Labour and Social Ministry of Labour and Social Security Security

Young Entrepreneurs AssociationYoung Entrepreneurs Association Young Americans Business Trust Young Americans Business Trust Youth Crime Watch of Jamaica Youth Crime Watch of Jamaica Small Business Association Small Business Association

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