ENTREPRENEURSHIP

An ENTREPRENEUR is an individual who founds and runs a small business and assumes all the risk and reward of the venture. An entrepreneur is a person who undertakes a venture with some profit potential and involving a considerable amount of risk and therefore, entrepreneurship is the venture undertaken by the entrepreneur. The concept that an entrepreneur is an individual who undertakes the creation, organization, ownership, and risk of a business. It should also address basic personal and societal benefits of entrepreneurship. 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. Entrepreneurs can change the way we live and work. If successful, their innovations may improve our standard of living, and in addition to creating wealth with their entrepreneurial ventures, they also create jobs and the conditions for a prosperous society. Entrepreneurship comes with its share of ups and downs. The most obvious advantage is the opportunity to be your own

Being in charge and making the important decisions regarding your business can be fulfilling, but it can also be challenging. Examples of well-known entrepreneurs include Bill Gates, Steve Jobs, Mark Zuckerberg. Being a successful entrepreneur means more than starting new ventures every other day. It means the right attitude towards a business and the determination and grit to achieve success. ... A successful entrepreneur always has a strong sense of self confidence and a healthy opinion of their skills and abilities. The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. Entrepreneurship is one of the most important input in the economic development of a country. The nature of a developing economy is quite different from a developed economy. An entrepreneur is someone who creates a business from scratch, with all the risks and rewards it implies. ... It is my personal conviction that Entrepreneurship can not be learned or taught. Successful entrepreneur don't choose to do something for just the money. They do it because they want to live life on your own terms. Money comes as an added bonus, but the ultimate motive is to create something that can solve problems. ... The key to becoming a successful entrepreneur lies in being able to think like one. With genuine passion, hard-work, a great idea, and a knack for learning, anyone can build a business and become a success. Before you can start becoming an Entrepreneur, however, you need to understand what an Entrepreneur is, what it isn't, and what it takes to become an entrepreneur.

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