Entrepreneurship

Entrepreneurship is the process of starting and running one’s own business, typically characterized by the creation of new products or services, the identification of market opportunities, and the assumption of financial risks in pursuit of profit. Entrepreneurs are individuals who take on these initiatives, often innovating and driving economic growth by bringing new ideas to market. The term encompasses various activities, including planning, organizing, managing resources, and navigating challenges that arise in the course of establishing and sustaining a business venture. It often involves a willingness to adapt and respond to changing market conditions, enabling entrepreneurs to leverage their initiatives for success.