Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business, typically characterized by the willingness to take risks in pursuit of opportunities to innovate and create value. Entrepreneurs, the individuals who engage in entrepreneurship, identify a market need and develop a business model to address it, often involving the development of new products or services. The essence of entrepreneurship includes the ability to envision potential, exercise creativity, and mobilize resources—including financial, human, and material—to turn ideas into viable enterprises. It encompasses various forms, such as small businesses, startups, and large corporations, and can occur in any industry or sector. Successful entrepreneurship is often linked to economic growth, job creation, and societal advancement.