what is entrepreneruship ?

An entrepreneur is an individual person who creates and manages a whole new business entity. The owner (entrepreneur) keeps up with all the risks involved and enjoys all the rewards. Entrepreneurship can be defined as the process in which the entrepreneur converts his/her ideas and opportunities into an entity. Entrepreneurship involves evaluation and planning of opportunities available in the business environment. Entrepreneur does all the market research and seeks all the opportunities and converts them viable ideas that fulfills the taste and preferences of the targeted customers.

Entrepreneurship is a process creating an enterprise. It is about seeing an opportunity and convert that opportunity into business idea. Entrepreneur gain profit by taking several risk. It is willingness to start new Business entreprise.

Characteristics of entrepreneurship-

1. They are a risk taker.

2. Innovation - they are creative to develop new ideas.

3. Leadership - they have leadership quality.

4. Flexible - change according to environment.

5. increase standard of living by increasing income.

The process of creating or extracting value is defined as entrepreneurship. Entrepreneurship is described as a process of change that requires greater risk than is often associated with beginning a business and should contain values other than financial ones, according to this definition. An entrepreneur is someone who begins a new business and bears the most of the risks while reaping the majority of the benefits. The method of launching a firm is referred to as entrepreneurship. It is one of the four resources classified as necessary to production by economists: land/natural resources, labour, and capital.