Entrepreneurship

Entrepreneurship refers to the process of creating, developing, and managing a new business venture in order to achieve profit and growth. It involves identifying a market opportunity, assembling the necessary resources (such as capital, personnel, and technology), and taking on the associated risks to bring a product or service to market. Entrepreneurs are typically characterized by their innovation, risk-taking ability, and willingness to navigate uncertainties to pursue their ideas. The entrepreneurial process often includes market research, business planning, financing, and resource management, and can impact economies by creating jobs, fostering competition, and driving technological advancements.