Entrepreneurship Basics

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, and 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 entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

<p>The process of setting up a business is known as 'entrepreneurship'.</p> Signup and view all the answers

<p>Startups may close due to lack of funding, bad business decisions, government policies, an economic crisis, a lack of market demand, or a combination of these factors.</p> Signup and view all the answers