Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business or enterprise, typically starting as a small venture that seeks to address a market need or opportunity. It involves the identification of potential business opportunities, the organization of resources such as capital, labor, and technology, and the willingness to take risks to create and manage a new product or service. Entrepreneurs, who are individuals engaged in entrepreneurship, often innovate by introducing new ideas, products, or services to the market and play a vital role in driving economic growth, creating jobs, and fostering innovation. The entrepreneurial process includes planning, taking financial and personal risks, and striving for a successful business outcome, often influenced by factors such as market conditions, competition, and customer demands.