Entrepreneurship Basics

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, potentially involving values besides simply economic ones.

An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.

The process of setting up a business is known as 'entrepreneurship'.

<p>The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.</p> Signup and view all the answers

<p>A significant proportion of startups have to close due to reasons like lack of funding, bad business decisions, government policies, an economic crisis, a lack of market demand, or a combination of all of these.</p> Signup and view all the answers