Entrepreneurship in Child Care Services

Entrepreneurship in Childcare Services 4 (2+2)

Lesson 1 : Introduction to Entrepreneurship

Process of entrepreneurship development

There are three stages of entrepreneurship development which include

• Initial stage (Income generation)
• Middle stage (Self employment)
• Terminal stage (Entrepreneurship)

Income generation activities are often part time, casual and are practiced for purpose of raising additional income.

All the entrepreneurs are self employed and income generating persons.

Each stage contributes significantly in the movement towards entrepreneurship. Income generation experiences and encourages self employment and self employment efforts facilities graduating to entrepreneurship.