ENTREPRENEURSHIP

Detailed explanation-1: -They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Entrepreneurs commonly face many obstacles when building their companies.

Detailed explanation-2: -Pay yourself an increasingly larger salary as you go along; and/or, Build a business organically or through acquisition and then monetize the value of the business you have created by transitioning ownership/selling the business in whole or part.

Detailed explanation-3: -Entrepreneurs usually document the practical value that their products and services offer; brochures, spec sheets and product information create cognitive value that’s easily understood. The same process can be applied to the emotional value your offerings provide.

Detailed explanation-4: -Entrepreneurs create employment opportunities not only for themselves but for others as well.