Frequently Asked Questions
Have a question? See our list of frequently asked questions and answers below.
Centre for Entrepreneurship
1. Can I visit the centre?
Yes. You can book an appointment on email at email@example.com.
2. What is World Entrepreneurship Day?
World Entrepreneurship Day is the internationally-recognized day to celebrate entrepreneurship, occurring every year on the 15th of April. World Entrepreneurship Day mission is to connect, educate, and celebrate the world’s Entrepreneurs. Its purpose is to remind the world that entrepreneurs have consistently led sluggish economies back into prosperity through innovation and job creation.
3. How Do You Define Entrepreneurship?
According to Higgins, " Entrepreneurship is the function of seeking investment and production opportunity, organizing an enterprise to undertake a new production process, raising capital, hiring labor, arranging the supply of raw materials, finding site, introducing a new technique and commodities, discovering new sources of raw materials and selecting top managers of day-to-day operations of the enterprise. It can also be defined as a process through which individuals identify opportunities, allocate resources, and create value. This creation of value is often through the identification of unmet needs or through the identification of opportunities for change.
4. Who Is An Entrepreneur?
Bob Reiss, A successful entrepreneur and author of Low-Risk, High-Reward: Starting and Growing Your Small Business With Minimal Risk, says: "Entrepreneurship is the recognition and pursuit of opportunity without regard to the resources you currently control, with confidence that you can succeed, with the flexibility to change course as necessary, and with the will to rebound from setbacks.".
An entrepreneur can be defined as an owner or manager of a business enterprise who makes money through risk and initiatives.
5. I Have Recommendations Or Ideas For The Centre Where Do I Send Them?
Great! We would be thrilled to hear from you. Kindly request for an Innovation Checklist form, fill and return by email. firstname.lastname@example.org.
6. I would like to participate in one of your events, how do I do this?
Thank you! Check out for upcoming events on our news page. You can also follow us on Twitter: @ecentre_kcau at and Facebook:
7. How Does Entrepreneurship Benefit The World?
Entrepreneurship will benefit the world through inspiration, connection and enlightenment. Entrepreneurship works towards creating the right ecosystem for ideas to mature into successful ventures and fulfilling its mandate.
8. Do you envision entrepreneurship reaching a saturation point?
No, because it is abundantly clear that entrepreneurship is important for economic growth, productivity, and innovation and therefore cannot reach a saturation point.
9. What Is Social Entrepreneurship?
It is the art of creating a socially responsible business that aims to generate profit, while solving social and environmental problems. Social entrepreneurship is characterized by creative solutions for solving some of the world’s most perplexing social problems.
10. Who Is A Social Entrepreneur?
A social entrepreneur is a person who has both a powerful idea to cause a positive social change and the creativity, skills, determination and drive to transform that idea into reality. Social entrepreneurs combine the savvy, opportunism, optimism and resourcefulness of business entrepreneurs, but they devote themselves to pursuing social change or “social profit,” rather than financial profit.
11. Want to be a social entrepreneur?
Well anyone can be a social entrepreneur if their passion is to enact change to shift our culture from one of inequality to one of sustainability and justice. If your mind is overflowing with sustainable, actionable solutions for common social problems and you’ve got a passion for making a big difference in the world then you make a good social entrepreneur.
12. If you have money but no particular business in mind, how can you get enough information on the best business to go into?
The best way of choosing your business venture is to look at your experience, educational background and your passion. A thorough review will provide leads on the business field you should enter - do what you know best. Even more important, you must like the business field you are going to enter to bring the enthusiasm and self-confidence you need to make the business go.
13. What do you you offer?
We conduct research, Consultancy services on Enterprise development e.g. Trainings, Business Planning, Financial Literacy, and related services.
14. What is leadership?
According to Peter F. Drucker It is the process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task according to achieve a goal he adds that Leadership is lifting a person's vision to higher sights, the raising of a person's performance to a higher standard.
Leadership is Exerting influence, motivating and inspiring, helping others realize their potential, leading by example, selflessness and making a difference.
15. What Are The Causes Of Business Success?
c)Relevant Knowledge of the Business Market
e)Good planning methods
16. What Could Lead To Poor Business Performance?
a)Inadequate cash reserves
b)Failure to clearly define and understand your market
c)Failure to anticipate or react to competition, technology, or other changes in the marketplace
d)Bad business partnership
e) Poor management
17. Could You Give A Short Statistics On Employment?
According to the labour market statistics, the employed population is made up of persons above a specified age who furnish the supply of labour for the production of goods and services. When measured for a short reference period (of one week or one day), it refers to all persons who worked for pay, profit or family gain during that period. It also includes all persons who had a job or enterprise but were absent from that job or enterprise during that period on a temporary basis: persons who during the reference period were sick, on vacation, maternity leave, strike or were temporarily laid off.
The unemployed population is made up of persons above a specified age who are available to, but did not; furnish the supply of labour for the production of goods and services. When measured for a short reference period, it relates to all persons not in employment who would have accepted a suitable job or started an enterprise during the reference period if the opportunity arose, and who had actively looked for ways to obtain a job or start an enterprise in the near past. The sum of the employed and the unemployed population measured for a short reference period is equivalent to the labour force, also known as the current economically active population..