ENTREP001: What is Entrepreneurship?
Learning Goal: I’m working on a entrepreneurship exercise and need a reference to help me learn.
Entrepreneurship is a proactive process of developing a business venture to make a profit. It involves seeking opportunities for a market, establishing and operating a business out of the opportunity, and assessing its risk and rewards through close monitoring of the operations
An entrepreneur is successful if the business that he or she envisioned has materialized into a thriving industry with regular customers and financial gain. He or she either decides to maintain his or her business or expand. This eventually reflects on the society and the economy as a whole.
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