Entrepreneurship is commonly thought of as the process of starting a business.
Entrepreneurship is defined as “the pursuit of opportunity beyond the resources currently controlled.” An opportunity is a proposed venture to sell a product or service for which customers are willing to pay more than the required investments and operating costs."
In summary, entrepreneurs either as individuals or in teams discover opportunities throughout their personal and professional lives. They form hypotheses about ways they can deliver value to customers and perform structured tests to validate their ideas. This often involves recruiting teammates and investing funds to determine how they’ll deliver a product or service at an acceptable cost.
Young entrepreneurs with good innovative ideas are likely to liberate a generation doom for destruction, good entrepreneurship skill is what the world need at a critical time like this, I enjoin all reading this post to nurture their children with healthy entrepreneurship skill, I believe at this early stage if well trained will stand a better chances of being a great one. With such good characteristics like Team Building, Risk Tolerance, Comfort with Failure, Persistence to mention just a few. Entrepreneurship is a long-term endeavor, and entrepreneurs must focus on the process from beginning to end to be successful in the long run. @bestkizito, @ctime
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Are you an entrepreneur? If so, what is your venture? I just started a website about a month ago have brought in great profits! I'm hoping to double and triple it in the next few months. I'm curious to hear what you do as an entrepreneur. I actually have a business degree with a focus on entrepreneurial management...