What is entrepreneurship
Understand the Problem
The question is asking for a definition or explanation of the term 'entrepreneurship', including its significance and key aspects.
Answer
Entrepreneurship involves creating, developing, and managing new business ventures for profit.
Entrepreneurship is the process of creating, developing, and managing a new business venture with the goal of making a profit, often by introducing new products or services that innovate or disrupt the current market.
Answer for screen readers
Entrepreneurship is the process of creating, developing, and managing a new business venture with the goal of making a profit, often by introducing new products or services that innovate or disrupt the current market.
More Information
Entrepreneurship often involves risk and innovation. Entrepreneurs are sometimes seen as innovators, introducing new ideas, goods, services, and business processes.
Tips
A common misconception is that entrepreneurship solely involves starting tech companies; however, it encompasses all sectors where new business models or innovations can emerge.
Sources
- What is Entrepreneurship? | Houston Christian University - hc.edu
- Entrepreneur: What It Means to Be One and How to Get Started - investopedia.com
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