Entrepreneurship

Entrepreneurship is the process of starting and running a new business venture in order to make a profit. It involves identifying a market opportunity, developing a business plan, and mobilizing resources to create and deliver products or services. Entrepreneurs are individuals who take on the risks and responsibilities of organizing and managing these enterprises, often characterized by innovation, initiative, and a willingness to face uncertainty.

The essence of entrepreneurship lies in recognizing and capitalizing on gaps in the market while also introducing new ideas, technologies, or business models. Successful entrepreneurship can lead to economic growth, job creation, and increased competitiveness within markets. Entrepreneurship can take various forms, including small businesses, startups, social enterprises, and corporate ventures. It plays a crucial role in driving economic development and fostering advancements in society.