entrepreneur
REFLECTIVE JOURNAL 1
We are living in a world where ideas drive economies; it is no wonder that innovation and entrepreneurship are often seen as inseparable bedfellows. Every country wants to progress and hence it will improve the country’s economy and for making progress have to think out-of-the-box and constantly developing innovative products and services. Research has shown that Entrepreneurship is the foundation of economic growth and social development. Entrepreneurship often brings to mind a fast growing business started by one or two people with a good idea and willingness to work hard. However, entrepreneurship can also help individuals, families, organizations, and communities turn opportunities into actions to maintain or increase well-being.
Entrepreneurship is the process of identifying opportunities, marshaling the resources needed to take advantage of the opportunities, and creating a new venture for the purposes of providing needed products/services to customers and achieving a profit. The word "entrepreneurship" is taken from the French word "entrepreneur," which means "to undertake." A person who engages in entrepreneurship is called an entrepreneur. Entrepreneurship occurs all over the world, but it is a particular characteristic of free-market economies.
Entrepreneurship involves considerable risk, as the failure rate for new ventures is very high. Thus, to be successful, an entrepreneur must be able to tolerate and even thrive under conditions of risk and uncertainty. Successful entrepreneurship also requires innovativeness and creativity, as well as self-confidence, high levels of energy, and a strong need for achievement. Interest in entrepreneurship is at an all-time high. Most colleges and universities offer courses or even entire programmes of study in entrepreneurship.
The process of entrepreneurship is complex and requires the aspiring entrepreneur to make many decisions. It begins with recognizing an opportunity and applying
We are living in a world where ideas drive economies; it is no wonder that innovation and entrepreneurship are often seen as inseparable bedfellows. Every country wants to progress and hence it will improve the country’s economy and for making progress have to think out-of-the-box and constantly developing innovative products and services. Research has shown that Entrepreneurship is the foundation of economic growth and social development. Entrepreneurship often brings to mind a fast growing business started by one or two people with a good idea and willingness to work hard. However, entrepreneurship can also help individuals, families, organizations, and communities turn opportunities into actions to maintain or increase well-being.
Entrepreneurship is the process of identifying opportunities, marshaling the resources needed to take advantage of the opportunities, and creating a new venture for the purposes of providing needed products/services to customers and achieving a profit. The word "entrepreneurship" is taken from the French word "entrepreneur," which means "to undertake." A person who engages in entrepreneurship is called an entrepreneur. Entrepreneurship occurs all over the world, but it is a particular characteristic of free-market economies.
Entrepreneurship involves considerable risk, as the failure rate for new ventures is very high. Thus, to be successful, an entrepreneur must be able to tolerate and even thrive under conditions of risk and uncertainty. Successful entrepreneurship also requires innovativeness and creativity, as well as self-confidence, high levels of energy, and a strong need for achievement. Interest in entrepreneurship is at an all-time high. Most colleges and universities offer courses or even entire programmes of study in entrepreneurship.
The process of entrepreneurship is complex and requires the aspiring entrepreneur to make many decisions. It begins with recognizing an opportunity and applying