Entrepreneurship is the Process of Business Activities, Understand the Stages

Kapanlagi.com - Entrepreneurship is a topic that is often discussed. In fact, entrepreneurship is taught in schools and universities. Entrepreneurship is the process of creating something creative, innovative, and has economic value in a business activity. In general, entrepreneurship is also known as "enterpreneurship".

Lately, entrepreneurship has become something that many people study. This is because nowadays, there are many people who aspire to be entrepreneurs. However, more than just learning how to become a successful entrepreneur, there are many benefits that can be gained from studying entrepreneurship. Learning about entrepreneurship will provide many benefits.

Summarized from various sources, here is a review about entrepreneurship.

1. Understanding Entrepreneurship

(credit: freepik)

As mentioned earlier, learning entrepreneurship means learning the ins and outs of the business world. In addition to this general view, several experts have also expressed some definitions of entrepreneurship. Here are the definitions of entrepreneurship according to these experts.

1.Joko Untoro
According to Joko Untoro, entrepreneurship is the behavior or courage of a person in making efforts to fulfill their livelihood needs. These efforts can be made by relying on the abilities, skills, and potential they have.

2.Siswanto Sudomo
Siswanto Sudomo believes that entrepreneurship is something related to the life of an entrepreneur. Entrepreneurship will also show a willingness to work hard, sacrifice, and take risks to realize ideas.

3. Eddy Soeryanto Soegoto
The understanding of entrepreneurship according to Eddy Soeryanto Soegoto is the creative and innovative effort of an individual to produce a work with commercial value. In addition, the produced work is also intended to benefit others and create job opportunities.

4.Peter Drucker
Meanwhile, Peter Drucker considers entrepreneurship as an ability to create something new with its own characteristics.

5.Zimmrer
Another opinion about entrepreneurship is expressed by Zimmrer. According to him, entrepreneurship is a process or activity that relies on creativity and innovation to exploit opportunities in running a business.

2. Goals of Entrepreneurship

(credit: freepik)

Entrepreneurship is something very important to learn nowadays. Because, entrepreneurship can help the economic life among the society. In addition, entrepreneurial activities also have several important goals. The goals of entrepreneurial activities include the following.

1. Helping to create a prosperous and independent society.

2. Encouraging the increase in the number of successful and qualified entrepreneurs among the society.

3. Igniting the spirit and enthusiasm of entrepreneurship in the society.

4. Raising awareness of the importance of entrepreneurship for the society.

5. Stimulating the creativity of the society to produce valuable and beneficial innovations or new things.

3. Benefits of Entrepreneurship

(credit: freepik)

In addition to the above goals, studying entrepreneurship also offers a number of benefits. The benefits of entrepreneurship are as follows.

1. Supporting Economic Growth and Development
The presence of entrepreneurs plays a crucial role in supporting national economic growth and development. It can even be said that entrepreneurs are the cornerstone of economic circulation.

An entrepreneur can use their funds to increase productivity. As a result, the rate of economic growth and development becomes more stable and maintained.

2. Improving managerial skills
Studying entrepreneurship can provide many benefits. Not only in terms of economic value, but entrepreneurship can also help someone improve their abilities and skills. Managerial skills become one of the skills honed through entrepreneurial activities. This skill is essential for entrepreneurs in developing their businesses.

3. Improving the Standard of Living of the Community
In the long run, entrepreneurship will provide benefits for the wider community. The presence of entrepreneurs with their business products will also improve the standard of living of the community. As a result, the welfare of the community will also be better guaranteed.

4. Stages of Entrepreneurship

(credit: freepik)

Entrepreneurship is a quite complex matter. Therefore, entrepreneurship needs to be learned and nurtured as early as possible. Entrepreneurship is also not a process that can be done instantly. On the contrary, there are several stages that need to be passed. The stages are as follows.

1. Starting Stage
The first stage in entrepreneurship is starting. In this initial stage, entrepreneurs must prepare everything. This stage also includes the process of observing and analyzing business opportunities that will be carried out.

2. Implementation Stage
The second stage in entrepreneurship is implementation. In this stage, entrepreneurs will start various things related to their business, such as designing financing plans, human resources, ownership, and organizational structure. In addition, this second stage also depends on the leader's ability to take risks and make decisions, implement marketing strategies, and evaluate.

3. Business Maintenance Stage
The third stage is maintaining the business. This stage is done by analyzing the progress that has been achieved. The goal is to follow up according to the current conditions. Thus, not only surviving, but the business can also grow.

4. Business Development
Not only maintaining the business, entrepreneurship also has a stage of business development. This stage can be done when the business shows positive results. To develop the business, there are several ways that can be done, such as survival or by expanding the business.

Those are some reviews about entrepreneurship as a process in a business activity. Hopefully, it is useful and can increase knowledge.

(kpl/psp)