Definition of Entrepreneur and Entrepreneurship for the National Economy

One of the things that affect the progress of a nation is its economy. There are many factors driving the economy itself, and one of them is more familiarly called entrepreneurship.

The definition of entrepreneurship or entrepreneurs is a process for identifying, developing, and bringing a vision to life. Where the vision is in the form of opportunities, innovative ideas, and a good way of doing things. The end result of this process is the creation of a new business that is realized under conditions of uncertainty or even risk.

Whereas the meaning of entrepreneur is people or actors who are smart or talented carry out an entrepreneurial activity starting from new production methods, recognizing new products, arranging operations management, managing capital, to how to market them.

A Brief History of Entrepreneurship

Entrepreneurship or entrepreneurship has actually existed since 1755 and was introduced by Richard Castilon. Even abroad, the term entrepreneurship has been known since the 16th century. But in Indonesia, the term was just known at the end of the 20th century. While entrepreneur is the term used for the entrepreneur.

As for entrepreneurship education, it was only pioneered in the 1950s in several countries such as America, Europe and Canada. In fact, several universities have taught entrepreneurship since the 1970s.

Meanwhile, in Indonesia, the science of entrepreneurship has only been studied in a limited way in some schools or colleges. However, as time goes by, in Indonesia, entrepreneurship education is also widely taught through formal education and non-formal education.

Stages of Starting Entrepreneurship

The definition of entrepreneurship or entrepreneurs also has several stages to start entrepreneurship. In general, here are some stages for entrepreneurship:

A. Getting Started Stage

The initial stage in doing entrepreneurship is the intention to be serious and prepare everything carefully. Various preparations starting from seeing business opportunities, making acquisitions, stages franchising and choose the type of business that is capable and has good prospects.

B. Stages of Doing Business

Furthermore, in running the business, an entrepreneur must also be able to manage the business from various aspects, such as human resources, financing, organization, ownership, and leadership, as well as all matters that include decision making, risk, marketing, and evaluation.

C. Stage of Maintaining Business

The next stage in entrepreneurship for entrepreneur is how to maintain the business by conducting an analysis to achieve the entrepreneurial development.

Attitude of Being an Entrepreneur

There are several attitudes that must be possessed by entrepreneurs. Some attitudes to become an entrepreneur are as follows:

1. High Commitment
2. Discipline
3. Honest
4. Independent
5. Creative and Innovative
6. Realistic

The Role of Entrepreneurship for the National Economy

The notion of entrepreneurship that has many advantages besides not only having a positive impact on entrepreneurial actors, but also for several parties, such as the national economy. The following are some of the positive roles or impacts of entrepreneurship on the national economy:

• Creating new jobs
• Reducing unemployment
• Increase the income of the community concerned
• Balancing the combination of several factors of production such as labor, capital, expertise, and others
• Help increase national productivity

Entrepreneurship Failure Factors

Like a business, entrepreneurship does not always run smoothly because it is caused by several things. Here are some factors of failure in entrepreneurship:

1. Lack of competent attitude in managing
2. Less Supportive Business Locations
3. Attitude Less Serious or half measures
4. Less Equipment Oversight
5. Lack of Abilities and Expertise
6. Lack of experience in the field or type of entrepreneurship involved
7. The planning is still immature
8. Not good at managing finances

An entrepreneur must have high entrepreneurship knowledge in order to be able to apply it in the entrepreneurship he is involved in. Because between the two, the notion of entrepreneur and the notion of entrepreneurship are interrelated, where entrepreneurship is a type of activity, while entrepreneur is the perpetrator of the activity.