INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
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The opportunity
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The entrepreneur
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Resources
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The organisation
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Detailed explanation-1: -Concept of Entrepreneurship Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.
Detailed explanation-2: -No matter how bold or ambitious your plans are to grow your business, the key to your business’s success lies in three critical, interdependent components: operational excellence, customer relations/communications and financial management.
Detailed explanation-3: -Opportunity. Capabilities. Resource.
Detailed explanation-4: -Stage 1: Inspiration and ideation. Stage 2: Execution. Stage 3: Scaling the business. Step 4: Reaching the top of the mountain. 07-Nov-2019