Entrepreneurship is the creation or extraction of economic value by identifying and commercializing opportunities to deliver products or services, a process that typically requires considerable initiative and bears risk. This process may also encompass the pursuit of values that extend beyond mere economic considerations.
Entrepreneurship is when someone identifies an opportunity to create or deliver products or services that have economic value, and then takes the initiative to make it happen—a process that involves financial risk but can lead to success. Beyond just making money, entrepreneurship can also be driven by broader goals and values that matter to the entrepreneur personally.
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Entrepreneurship is the creation or extraction of economic value by identifying and commercializing opportunities to deliver products or services, a process that typically requires considerable initiative and bears risk. This process may also encompass the pursuit of values that extend beyond mere economic considerations.
The term entrepreneur () refers to an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is also referred to as "entrepreneurship". The entrepreneur is often regarded as an innovator, a source of new ideas, goods, services, and business procedures.
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