INTRODUCTION TO ENTREPRENEURSHIP
Entrepreneurship is the process of identifying, developing, and bringing a new
idea, product, or service to the market. It involves creativity, innovation, risk-
taking, and the ability to organize resources to create and manage a business
venture. Entrepreneurs play a key role in economic development by generating
employment opportunities, introducing new technologies, and contributing to
economic growth.
Entrepreneurship refers to the process of creating a new enterprise and bearing
any of its risks, with the view of making the profit.
Meaning of entrepreneur
The word "entrepreneur" originates from the French word "entreprendre,"
meaning "to undertake." It refers to a person who starts and manages a
business by taking financial risks to achieve profit and growth. The term
entrepreneur was first used by Richard Cantillon in his essay on “The nature
of Commerce” in 1755.
An entrepreneur is a person who starts, manages, and takes risks in a
business venture with the aim of making a profit. Entrepreneurs identify market
opportunities, develop innovative ideas, and organize resources (such as capital,
labor, and technology) to establish and grow a business.
Entrepreneurship can be defined as:
➡️ The process of designing, launching, and running a new business.
➡️ The ability to innovate and convert an idea into a profitable venture.
➡️ A dynamic activity that helps develop new markets, products, and services.
Enterprise: An enterprise is a business or organization engaged in economic
activities. It involves the use of resources such as capital, labor and technology
to create products and services.
Example: A startup company, a manufacturing unit or a retail shop.
Entrepreneurship: Entrepreneurship is a process of turning new ideas into a
business. It involves risk-taking, identifying opportunities and managing
resources effectively.
Example: Someone developing a new app and launching a startup.
Entrepreneurship is the process of identifying, developing, and bringing a new
idea, product, or service to the market. It involves creativity, innovation, risk-
taking, and the ability to organize resources to create and manage a business
venture. Entrepreneurs play a key role in economic development by generating
employment opportunities, introducing new technologies, and contributing to
economic growth.
Entrepreneurship refers to the process of creating a new enterprise and bearing
any of its risks, with the view of making the profit.
Meaning of entrepreneur
The word "entrepreneur" originates from the French word "entreprendre,"
meaning "to undertake." It refers to a person who starts and manages a
business by taking financial risks to achieve profit and growth. The term
entrepreneur was first used by Richard Cantillon in his essay on “The nature
of Commerce” in 1755.
An entrepreneur is a person who starts, manages, and takes risks in a
business venture with the aim of making a profit. Entrepreneurs identify market
opportunities, develop innovative ideas, and organize resources (such as capital,
labor, and technology) to establish and grow a business.
Entrepreneurship can be defined as:
➡️ The process of designing, launching, and running a new business.
➡️ The ability to innovate and convert an idea into a profitable venture.
➡️ A dynamic activity that helps develop new markets, products, and services.
Enterprise: An enterprise is a business or organization engaged in economic
activities. It involves the use of resources such as capital, labor and technology
to create products and services.
Example: A startup company, a manufacturing unit or a retail shop.
Entrepreneurship: Entrepreneurship is a process of turning new ideas into a
business. It involves risk-taking, identifying opportunities and managing
resources effectively.
Example: Someone developing a new app and launching a startup.
