Entrep

Entrepreneurship

The process of designing, launching, and running a new business, often initially a small business.

Role of Entrepreneur

The various roles an entrepreneur plays, including initiator, innovator, coordinator, leader, development agent, and social worker.

Initiator

The key person who envisions new opportunities, new lines of production, new products, and coordinates all other activities.

Innovator

The entrepreneur who brings about overall change through innovation for maximum social good.

Coordinator

The entrepreneur who firmly believes in social betterment and carries out this responsibility with conviction, accelerating personal development.

Leader

The visionary and integrated entrepreneur with outstanding leadership qualities and a desire to excel.

Development Agent

The entrepreneur who contributes to the development of a country by providing employment and building up the nation's economy, raising the standard of living of people.

Social Worker

The entrepreneur who always works for the well-being of society.

Characteristics of Entrepreneurship

The key characteristics of entrepreneurship, including economic activity, creativity and innovation, profit, and risk bearing.

Economic Activity

The process of designing, launching, and running a new business enterprise to earn profit and ensure the best possible use of resources.

Creativity and Innovation

The process of discovering new ideas and implementing them in business, continuously evaluating current modes and identifying new methods of operating the business.

Profit

The objective of entrepreneurship, the activity is undertaken with the sole purpose of making a profit, which is the reward for efforts.

Risk Bearing

The willingness to assume risk, which is the essence of entrepreneurship, as it is necessary for the creation and implementation of new ideas.

Entrepreneurship Types

Different types of entrepreneurship, including social, solopreneur, lifestyle, and serial.

Social Entrepreneurs

Individuals with innovative solutions to society's most pressing problems, persistent and ambitious, tackling major social issues