<P> Project entrepreneurs are individuals who are engaged in the repeated assembly or creation of temporary organizations . These are organizations that have limited lifespans which are devoted to producing a singular objective or goal and get disbanded rapidly when the project ends . Industries where project - based enterprises are widespread include: sound recording, film production, software development, television production, new media and construction . What makes project - entrepreneurs distinctive from a theoretical standpoint is that they have to "rewire" these temporary ventures and modify them to suit the needs of new project opportunities that emerge . A project entrepreneur who used a certain approach and team for one project may have to modify the business model or team for a subsequent project . </P> <P> Project entrepreneurs are exposed repeatedly to problems and tasks typical of the entrepreneurial process . Indeed, project - entrepreneurs face two critical challenges that invariably characterize the creation of a new venture: locating the right opportunity to launch the project venture and assembling the most appropriate team to exploit that opportunity . Resolving the first challenge requires project - entrepreneurs to access an extensive range of information needed to seize new investment opportunities . Resolving the second challenge requires assembling a collaborative team that has to fit well with the particular challenges of the project and has to function almost immediately to reduce the risk that performance might be adversely affected . Another type of project entrepreneurship involves entrepreneurs working with business students to get analytical work done on their ideas . </P> <P> The term "millennial entrepreneur" refers to a business owner who is affiliated with the generation that was brought up using digital technology and mass media--the products of Baby Boomers, those people born during the 1980s and early 1990s . Also known as Generation Y, these business owners are well equipped with knowledge of new technology and new business models and have a strong grasp of its business applications . There have been many breakthrough businesses that have come from millennial entrepreneurs such as Mark Zuckerberg, who created Facebook . Despite the expectation of millennial success, there have been recent studies that have proven this to not be the case . The comparison between millennials who are self - employed and those who are not self - employed shows that the latter is higher . The reason for this is because they have grown up in a different generation and attitude than their elders . Some of the barriers to entry for entrepreneurs are the economy, debt from schooling and the challenges of regulatory compliance . </P> <P> The entrepreneur is commonly seen as an innovator--a designer of new ideas and business processes . Management skills and strong team building abilities are often perceived as essential leadership attributes for successful entrepreneurs . Political economist Robert Reich considers leadership, management ability and team - building to be essential qualities of an entrepreneur . </P>

What do you mean by entrepreneur development programme