what is entrepreneurship?

Question

is it something like where fresh graduates set up their own companies/businesses.

Answer 1

Entrepreneurship is the practice of starting new organizations, particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking, as a vast majority of new businesses fail. Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only part-time) to major undertakings creating many job opportunities. Many "high-profile" entrepreneurial ventures seek venture capital or angel funding (people who will invest in their idea) in order to raise capital to build the business. Many kinds of organizations now exist to support would-be entrepreneurs, including specialized government agencies, business incubators, science parks, and some NGOs. It is being the boss, Hope that helps you RA

Answer 2

Webster’s defines Entrepreneur as “One who organizes, operates and assumes the risk in a business venture in expectation of gaining the profit.”
It is common to differentiate between an entrepreneur and a small business owner. Entrepreneurs usually use innovation to generate higher profits during a shorter period of time by assuming more risk.
Small business owners may found businesses or organizations that grow more slowly but at a more stable rate.

Entrepreneurship can be described as the search for new products, new production methods, new markets and new forms of an organization. It is based on innovation and the desire for change. Entrepreneurship is looking at the world the way you want it to be, rather than the way it is.

The most important quality of an entrepreneur or an entrepreneurial activity is the ability to see an opportunity.
What is an opportunity? It’s a desired future that is different from the present. It is a belief that achieving this is possible. Opportunity depends on the person, the environment, access to resources and timing.
Entrepreneurship is about creativity. Entrepreneurs use innovation and hard work to overcome obstacles to their success.
Entrepreneurship is about fun. Nothing feels better than focused effort and accomplishment.
Entrepreneurship is about freedom. Few things in life are as empowering as being able to determine what work you will do, when, where and with whom you will do it.
Entrepreneurship is about responsibility. We may not report directly to bosses, but we do have lenders, investors, family and the ever-present laws of profitability. Most of all, we answer to ourselves.
Entrepreneurship is about hard work and dedication.
Entrepreneurship is about being true to our visions and our passions. As entrepreneurs we design the business we love and work hard to provide our customers, employees and community with the best we have to offer.
Entrepreneurship is about diversity. Anyone can become an entrepreneur if they have a keen curiosity to learn and a desire to overcome the challenges inherent in learning new and exciting things.

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