ENTREPRENEURSHIP

Detailed explanation-1: -No one has an exact definition of the word “entrepreneur” because everyone has a unique story. And it is through this story that we all develop a set of traits that make up our entrepreneurial spirit.

Detailed explanation-2: -An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.

Detailed explanation-3: -Essentially, entrepreneurship is the process of developing, organizing, and running a new business to generate profit while taking on financial risk.

Detailed explanation-4: -Anyone can be an entrepreneur: Not everyone wants to be an entrepreneur, nor do they have what it takes to start and run their own business. Entrepreneurs have formal training and education: You don’t need to study business or entrepreneurship to have a successful startup company.

Detailed explanation-5: -Although there is no single definition of an entrepreneur, there are common themes found in defining entrepreneurship. True. An arising entrepreneur is an individual who is in the process of starting a business.