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The activity of setting up a business or businesses, taking on financial risks in the hope of profit. Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are, entrepreneurs. As the “capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit”
The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses. In economics, its combines with the land, labor, natural resources and capital can produce the profit. The entrepreneurial spirit is characterizing by innovation and risk-taking and is an essential part of a nation’s. Ability to successes in an ever-changing and increasingly competitive global marketplace.