Entrepreneurship

Entrepreneurship is the process of starting, developing, and managing a new business venture in order to make a profit. It involves identifying a market opportunity, creating a business plan, securing necessary resources (such as capital and labor), and taking on the associated risks. Entrepreneurs are individuals who take the initiative to innovate, create new products or services, and bring them to market. They often drive economic growth by stimulating job creation, increasing competition, and fostering innovation. Entrepreneurship can occur in various sectors and can range from small, independent startups to large-scale ventures. It requires a combination of skills, including creativity, leadership, and the ability to make strategic decisions under uncertainty.