Entrepreneurs are not necessarily born; they can be developed through education, training and experience. Development of entrepreneurs means inculcating entrepreneurial skills required for setting up and operating business units.
This development is an organized and on-going process. Its basic purpose is to motivate persons for entrepreneurial career and to make them capable of perceiving and exploiting business opportunities.
Entrepreneurship development is not merely a training process. But it is the process of enhancing the motivation ,knowledge and skills of potential entrepreneurs; it also a process of arousing and reforming the entrepreneurial behavior in their day -to-day activities; and assisting them in developing their own ventures.
An entrepreneurial development programme consists of the following phases:
Pertaining Phase: This phase involves the following activities: Selection of persons with the required potential in terms of knowledge, attitude and motivation; creation of infrastructure for training; preparing contents of the training programme; designing techniques for training; selection and training of the trainers; survey of environment.
Development Phase: During this phase the training programme is launched in order to carry out the necessary changes in the skills, attitude and behavior of the participants.
Post-training Phase: This phase involves assessing the effectiveness of the training. Monitoring and follow-up will reveal shortcomings in the training programme. Steps can then be taken to make the programme more effective. In this phase infrastructural support, counseling and assistance in establishing enterprise can be reviewed.
Locational Mobility of Entrepreneurs: Locational or geographical mobility of entrepreneurs represents there drive and initiative to move to other places in search of better opportunities. Every entrepreneur has a ‘spatial horizon’ depending upon his resources, experience and information gathering capacity.
In the initial stages of industrialization, this horizon is narrow due to weak communication network, poor information systems, limited capital resources and absence of institutional arrangements.
Therefore most of the entrepreneurs set up industries at or near their places. When resources expend, experience and information flow increase, entrepreneurs are likely to become more mobile. Instead of local, they now become cosmopolitan. Thus there are three stages of mobility. In the initial stage, entrepreneurs are tied to their usual place of working.
With gradual growth they are likely to become relatively mobile within a limited area. When they become highly resourceful, greater degree of mobility occurs.This implies that in any country only a handful of entrepreneurs will mobile. If entrepreneurial class is limited and unevenly distributed, there will be strong regional imbalances in industrial development.