Entrepreneurship in Nepal

Term Paper On

Entrepreneurship in Nepal

Submitted To: Prof. Dr. Madhav Raj Koirala SOM-TU

Submitted by: Bitaran Jang Maden Roll no. 07

Tribhuvan University School of Management November 2013

INTRODUCTION:

Entrepreneurship is a process of identifying and starting a business venture, sourcing and organizing the required resources and taking both the risks and rewards associated with the venture. "Entrepreneurship" may result in new organizations or revitalize mature organizations in response to a perceived business opportunity. A new business started by an entrepreneur is referred to as a startup company. In recent years, the term has been extended to include social and political forms of entrepreneurial activity. An entrepreneur could be a trader, a technician, an educated unemployed or the like. Entrepreneurial activities differ substantially depending on the type of organization and creativity involved. Entrepreneurship ranges in scale from solo projects, and even just part-time projects, to major undertakings that create many job opportunities. Many "high value" entrepreneurial ventures seek venture capital or angel funding (seed money) in order to raise capital for building the business.

The significance of entrepreneurship is: • • • • • • helps organizations generate new business growth. provides an environment to support and sustain innovation over time. is the one of the best ways to attract and retain your most entrepreneurial leaders. Plays a strategic role in commercializing new innovations and products. enables organizations to effectively accelerate and manage change. helps employees stretch and grow while keeping them engaged.

Entrepreneurs are individuals or group of individuals who invest capital, organize and direct business and industrial units. An entrepreneur assembles, coordinates and directs various factors of production namely land, labor, capital and other materials. "An entrepreneur initiates ventures, employs workers,...