ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit. However, as a basic entrepreneurship definition, it’s a bit limiting. The more modern entrepreneurship definition is also about transforming the world by solving big problems.

Detailed explanation-2: -Entrepreneurship is the act of creating a business or businesses while bearing all the risks with the hope of making a profit.

Detailed explanation-3: -The term intrapreneurship refers to a system that allows an employee to act like an entrepreneur within a company or other organization. Intrapreneurs are self-motivated, proactive, and action-oriented people who take the initiative to pursue an innovative product or service.

Detailed explanation-4: -Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.