Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business, typically starting as a small venture. Entrepreneurs are individuals who identify opportunities, innovate, and take risks to create products or services with the aim of generating profit. This process involves various stages, including idea generation, market research, business planning, financing, and scaling operations. Entrepreneurship plays a critical role in economic development by promoting innovation, creating jobs, and fostering competition. It encompasses a broad range of business types, from small startups to large enterprises, and can occur in various sectors, including technology, retail, manufacturing, and services. Successful entrepreneurs often possess qualities such as creativity, resilience, and a willingness to take calculated risks.