Entrepreneurship

Entrepreneurship refers to the process of initiating, developing, and managing a new business or venture with the aim of making a profit. It involves identifying opportunities in the market, innovating products or services, mobilizing resources, and taking on financial risks in order to create and grow a business. Entrepreneurs are individuals who undertake this process, often characterized by their willingness to take risks, innovate, and exhibit leadership. They are responsible for the strategic decisions that shape the direction of their business and play a critical role in driving economic development and job creation within society. Entrepreneurship can occur in various sectors, ranging from technology and healthcare to retail and manufacturing, and can manifest as small startups or larger enterprises.