Central to the meaning of entrepreneurship is the willingness of someone to take the initiative and face the challenges and risks in order to build a business for a better life. Entrepreneurship is about the spirit and drive to succeed in business. Through entrepreneurship, entrepreneurs are created and they are the pioneers, innovators and leaders that drive the economies of the United States and countries throughout the world.
Entrepreneurship
The capacity and willingness to develop, organize and manage a business venture
along with any of its risks in order to make a profit.
~ Business Dictionary, 2019
What
Based on the above definition of entrepreneurship from the Business Dictionary (2019), the word entrepreneurship can take on different meanings in people’s minds. On one-hand, entrepreneurship can pertain to senior level executives who work for a Fortune 500 company. Alternatively, entrepreneurship can relate to the activities of a family who operate a shop down the block. Ultimately, entrepreneurship encompasses anyone who is inspired to start a journey of building a business with the goal to make a profit.
Why
Based on the above definition of entrepreneurship from the Business Dictionary (2019), the word entrepreneurship can take on different meanings in people’s minds. On one-hand, entrepreneurship can pertain to senior level executives who work for a Fortune 500 company. Alternatively, entrepreneurship can relate to the activities of a family who operate a shop down the block. Ultimately, entrepreneurship encompasses anyone who is inspired to start a journey of building a business with the goal to make a profit.
Central to the meaning of entrepreneurship is the willingness of someone to take the initiative and face the challenges and risks in order to build a business for a better life. Entrepreneurship is about the spirit and drive to succeed in business. Through entrepreneurship, entrepreneurs are created and they are the pioneers, innovators and leaders that drive the economies of the United States and countries throughout the world.