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 terms of economics we can find definition for the entrepreneurship in details. Entrepreneurship combined together with land, labor, natural resources and capital in order to make profit.
What is Entrepreneurial spirit ?
Entrepreneurial spirit is defined as this.It is characterized in terms of innovation and risk-taking. Entrepreneurial spirit is an essential part of any country’s ability to succeed.It is essential to be successful in any 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!
Check successful stories of entrepreneurs in our interview series.Below are some of the young entrepreneurs we interviewed.
Interview with Junaid Iftikhar, CEO of TechMindz
Interview with Oliver Neely – Founder of Giftshuffle
Interview with Kapil Srivastava