ENTREPRENEURSHIP is an activity of setting up an innovative business which adds value to society. It means finding innovative solution to every problem we are facing. It is not a skill, but an idea which should be backed by set of skills like product design, marketing, communication, cash management, but before all one needs a true passion which will drive him even in tough times because being entrepreneur is not an easy task, one needs to take calculative risks to make a change.
Successful entrepreneurship innovations can also improve the standard of living in addition to creating wealth through their entrepreneurial ventures, so successful entrepreneurs also create jobs and conditions for a prosperous society. Entrepreneurial ventures create new wealth, new and improved products, services or technology which could open the door to new market opportunities.
The essence of entrepreneurship can be found in action, the constant search for new ideas and opportunities in business. Entrepreneurship is a special type of mindset that relates to creativity, and can also be defined as a systematic approach to a certain problem while being proactive all the time.The simple definition of entrepreneurship is to create a business and scaling it to make a profit. However, the more modern definition of entrepreneurship is also about changing the world by solving big problems. This can be done by creating a new product, initiating social change, or providing a new life-changing solution that can affect people's lives.
The concept of entrepreneurship is to build a life on your own terms without any bosses or restricted schedule. Entrepreneurs are able to change the world for better for everyone.
An entrepreneur is someone who has the skill, courage, and willingness to take the risk to bring a business idea to fruition and develop a product or service that someone really needs. The entrepreneur identifies, analyzes and exploits business opportunities and initiates business ventures that are based on those opportunities and meets identified needs.
Importance of Entrepreneurship
Many people consider entrepreneurship to be a mythical entity that does not exist. However, as the media has helped to disseminate this information to the general public, it appears to be more important to individual success. In today's economy, no one wants to be "that guy" who lost everything he or she had. Entrepreneurship, therefore, is becoming the answer to helping you weather the storm of economic uncertainty. How can you find out what the importance of entrepreneurship to the individual is, though?- Entrepreneurs Create New Businesses
- Entrepreneurs Add to National Income
- Entrepreneurs Also Create Social Change
Who is an Entrepreneur?
An entrepreneur is someone who has the skill, courage, and willingness to take the risk to bring a business idea to fruition and develop a product or service that someone really needs. The entrepreneur identifies, analyzes and exploits business opportunities and initiates business ventures that are based on those opportunities and meets identified needs.
Sometimes entrepreneurs are also called the ‘creative destruction’; this is because they are constantly on the lookout for redesigning and renovating the traditional and standard services and products in order to bring out a new innovative dimension that could possibly give a boost to the organizations.
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