INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
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the process of creating with value by devoting the necessary time and effort
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the process of creating something new with value by devoting the necessary time and effort
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the process of creating something new with value by devoting the necessary time and effort, and assuming the accompanying financial and physical aspects
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the process of creating something new with value by devoting the necessary time
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Detailed explanation-1: -Entrepreneurship is defined as “creating something new with value by devoting necessary time and effort, assuming the accompanying financial, psychic and social risks and receiving the resulting rewards of monetary and personal satisfaction of independence” (Hisrich, 1).
Detailed explanation-2: -Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.
Detailed explanation-3: -Entrepreneurship is the process of creating something new with value by devoting necessary time and effort, assuming and accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence.
Detailed explanation-4: -Entrepreneurship is the willingness and ability to establish, organise and manage a business and take financial risks to make profits. An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.