ENTREPRENEURSHIP

Detailed explanation-1: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Detailed explanation-2: -Independence and flexibility You’ll have more freedom and independence working for yourself, so won’t be tied to the typical 9-5, Monday-Friday working week. Being your own boss means you can work when you work best – whether that’s 12pm or 12am – which should result in you being far more productive.

Detailed explanation-3: -A business plan should describe every aspect of your business, from the product or service you offer to your finances, management, and marketing plans. It’s designed to tell your stakeholders-potential lenders, investors, and suppliers, for example-the goals of your business and how you plan to achieve them.

Detailed explanation-4: -Successful entrepreneurs are driven, ambitious and willing to take risks others won’t. Being an entrepreneur takes dedication, hard work and thick skin, and it often requires being ready for anything: Expect the best, but be prepared for the worst.