Category: Entrepreneurship

Entrepreneurship refers to the process of designing, launching, and running a new business, typically starting as a small enterprise. It involves identifying a market opportunity, developing a business idea, and taking the necessary risks to create and operate a venture aimed at profit. Entrepreneurs are individuals who take initiative to innovate and establish businesses, often bringing new products or services to market. The practice encompasses various activities including market research, securing financing, assembling a team, and managing business operations. Entrepreneurship is often associated with qualities such as creativity, resilience, and a willingness to take calculated risks. It plays a vital role in economic development by driving innovation, creating jobs, and fostering competition in the marketplace.