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Entrepreneurship is the process of identifying, developing, and managing a business venture to make a profit while taking on financial risks.
An entrepreneur is a person who starts and manages a business, taking financial risks in the hope of earning profits and achieving success.
1. Small business entrepreneurship – Local businesses like stores, salons, or food stalls.2. Scalable startup entrepreneurship – Businesses designed to grow quickly, like tech startups.3. Social entrepreneurship – Ventures aimed at solving social problems while sustaining profits.4. Large company entrepreneurship – Innovation within an existing large business.
It creates jobs, fosters innovation, increases competition, and contributes to economic growth.
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