Entrepreneurship is the process of starting and managing a business.
It involves creativity, innovation, and risk-taking.
Entrepreneurs turn ideas into businesses.
An entrepreneur is a person who starts and runs a business.
These involve taking resources directly from natureExamples:
Farming
Fishing
Mining
Hunting
Entrepreneur → A person who starts and runs their own business, takes risks, and is self-dependent.
Manager → A person who works for someone else and manages tasks without taking business risks.
👉 Key difference:Entrepreneurs take risks + own the business, while managers work under someone and don’t bear risk.
An intrapreneur is like an entrepreneur inside a company.
MEANING OF ENTREPRENEURSHIP
the process of identifying opportunities, taking risks, and organising resources to create and run a business or venture with the goal of making a profit or solving a problem.
DEFINITION
the activity of creating, managing, and running a business to earn profit or provide value.
CHARACTERISTICS OF ENTREPRENEURSHIP
the qualities or traits that help a person start, manage, and grow a business successfully.
