INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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demographic changes.
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business processes.
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consumer attitudes.
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personal experiences.
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Detailed explanation-1: -Researching and Verifying the Entrepreneurial Opportunity. Whether you start your own business, buy an existing business, or purchase a franchise, researching the industry, your target market, and examining the economic and funding options are all part of performing due diligence.
Detailed explanation-2: -An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
Detailed explanation-3: -An inventor creates an idea for a new product or service, but that person doesn’t necessarily turn it into a business or see its full potential. An entrepreneur takes the invention and attempts to turn it into a profitable business.