is it something like where fresh graduates set up their own companies/businesses?
2007-08-23 06:30:02 · 4 answers · asked by Mk 1 in Science & Mathematics ➔ Engineering
Entrepreneurship is the state of being an entrepreneur.
An entrepreneur is a person who organizes, owns, manages, operates, and assumes the risk for a business venture. If successful, the entrepreneur may receive a large return for the investment of capital, and the talent and time invested in organizing, managing and operating the business. More importantly, the successful entrepreneur will be rewarded for assuming the business risk, but the unsuccessful entrepreneur may lose everything.
Fresh graduates can be entrepreneurs, but without their own capital, they may need to convince others to share the risk and thus also need to share the reward.
2007-08-23 07:26:29 · answer #1 · answered by EE68PE 6 · 2⤊ 0⤋
Entrepreneurship is the art or science of starting or managing a business. Think of the phrase "Managerial ability", if you like. It's being able to manage scarce resources to get the most return from them.
2007-08-23 06:38:44 · answer #2 · answered by Ralfcoder 7 · 0⤊ 0⤋
the process of looking at things in such a way that possible solutions to problems and perceived needs may evolve in venturing
2007-08-23 06:44:38 · answer #3 · answered by somebuddy 2 · 1⤊ 0⤋
Correct me if I am mistaken, but entrepreneurship is also not a word ;)
2007-08-23 06:42:30 · answer #4 · answered by Legs M 3 · 0⤊ 1⤋