What is Entrepreneurship?

what is entrepreneurship

What is Entrepreneurship? The meaning of it? There is a lot of question in your mind about Entrepreneurship. Don’t worry! you are in the right place, read our full article to get know all about what is Entrepreneurship.

Entrepreneurship refers to the idea of ​​starting a new business organization. The fundamental part of entrepreneurship is to begin a business organization by determining a present or future chance.

New ideas or innovations that solve any problem and convert that idea into a business organization and provide jobs to many people are covered under Entrepreneurship. In entrepreneurship or starting a new business, while there are immense possibilities for profit, there is also risk and uncertainty. An entrepreneur (businessman) must have the quality of taking risks.

Amazon, Ola Cab, Paytm, Flipkart, etc. are examples of entrepreneurship that motivate Indian youth to move towards entrepreneurship.

Entrepreneur –

An entrepreneur (entrepreneur) is a person who sets up his own industry, takes risks, and profits from them. An entrepreneur is a very courageous person, he is a partner in the development of society. An entrepreneur also employs other individuals to grow his industry. Due to which the problem of unemployment prevalent in society is also overcome to some extent.

So we can say that entrepreneur (entrepreneur) is a person who takes other people along with him. He takes care of his interest as well as the interest of others. Not every businessman is an entrepreneur, rather a person is an entrepreneur who follows every rule of business properly and increases the growth of his business day by day.

Characteristics of Entrepreneurship

Before starting any business, we do not know what is going to happen next. We go ahead only on the basis of our hard work and faith and in any case, there are times of uncertainty in the business. This does not make the entrepreneur nervous at all. I have always believed that entrepreneurs always walk with a positive mind and they do not think about the fear of failure and say anyway that one who is scared feels dead.

Another thing entrepreneurs also take care of the employees working with them, they believe that it is because of this that this business is running. Every employee, even if he is a peon, the entrepreneur listens. And if anything happens to him, he also takes care of his family.

The entrepreneur never removes any of his employees, he considers them like his family member, and only then lets him leave the company when he wants to go himself.

 If there is something wrong or loss in the business, then he does not accuse others, he takes it as motivation and refrains from making that mistake again. A good entrepreneur also sees failure as an opportunity.

Why Entrepreneurship Is Growing Why entrepreneurship is on the rise?

Although there are many reasons to increase entrepreneurship, the youth is aware of business education is one of the main reasons. The competition to do something new and better promotes entrepreneurship and there are many other reasons why Entrepreneurship is promoted.

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