What is Entrepreneurship?
What is entrepreneurship can be a doubt for many who are trying to start a new business. Entrepreneurship definition can be different for different people. There are people who think of startups with the term of entrepreneurship. Some thinks it is anything related to business. However, if you are looking for a entrepreneurship definition, I would like to share the definition as I found on Business Dictionary.
As per Business Dictionary,
The capacity and willingness to develop organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses.
In economics, entrepreneurship combined with land, labor, natural resources and capital can produce profit. Entrepreneurial spirit is characterized by innovation and risk-taking, and is an essential part of a nation’s ability to succeed in an ever changing and increasingly competitive global marketplace
Whatever the definition of entrepreneurship is, finally entrepreneurship creates business ideas into profitable business. These ideas create the businesses that earn profits.
Who are entrepreneurs?
Now the next definition! Same as what is entrepreneurship; many people don’t know the definition of entrepreneur.
As per the dictionary, definition of entrepreneur is as follows.
a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
Yes, there is always a risk partner with entrepreneurs. If you don’t have the ability to take risks and face the challenges; you can’t be a successful entrepreneur. A successful entrepreneur always likes to take challenges and they have ability to solve problems and create the best results. An entrepreneur is a risk taker, motivator and he is also an inspiring character to the others.
Do you have such capabilities? Do you like to take the risks? If so, you can be a successful entrepreneur in future. But, not only taking challenges. You also need to know how to take risks, challenges and create the profitable output through your experiences!