Entrepreneur-:A person who sets up a business or businesses, taking on financial risks in the hope of profit.
A promoter in the entertainment industry.
An entrepreneur is a person who sets up a business with the aim to make a profit.
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
An entrepreneur is the person who sees a problem in the world and immediately focuses on creating the solution. They’re the leaders that strike out on their own to improve society. Whether they’re creating jobs or a new product, they constantly take action to ensure world progress.
There are many skills required to start a business. The most popular entrepreneur skills are marketing, business development, customer service, leadership, execution, resilience, focus, determination, talent acquisition, continuous learner.
Importance of entrepreneurship to an individual-:
Lots of importance:
You are as a job giver; not the person in crowded job market.
You are contributing to economy as a business.
You are supporting others by offering solutions.
You are on your path to achieve your goals.
You are true leader to your team.
You credit for success to your team, but take all blame of failure on you as an individual.
You keep balance between your work and life.
You are important to banks and other finance institute, as they earn because of funding you.
You help other entrepreneur in business to develop your enterprise as Eco-system.
You pay all taxes, for the development of nation.
Entrepreneurship and Society-:
The meaning of entrepreneurship involves an entrepreneur who takes action to make a change in the world. Whether startup entrepreneurs solve a problem that many struggle with each day, bring people together in a way no one has before, or build something revolutionary that advances society, they all have one thing in common: action.
It’s not some idea that’s stuck in your head. Entrepreneurs take the idea and execute it. Entrepreneurship is about execution of ideas.
Society-:Society can be described as an aggregate of people living together in a community or basically a situation of being in the company of others. The persons that comprise a population associate for various engagements including business.
Entrepreneurship and Society-:
Entrepreneur provides goods and services needed by the society – An entrepreneur always sees money in people, places and products. One of the major attributes of an entrepreneur is that they have to have a keen eye for opportunities in the society. They will identify a gap and innovatively come up with products or services to cover that gap. Filling this gap enables the society to function.Society provides mentorship for young entrepreneurs – Other established entrepreneurs are part of the society. These have provide a source of mentorship for the entrepreneurs. Those who are experienced and have successfully managed to establish their business ventures can provide guidance and support to the new and aspiring entrepreneurs.
Why entrepreneurs are important in society.-:
Entrepreneurs create jobs: Without entrepreneurs, jobs wouldn’t exist. Entrepreneurs take on the risk to employ themselves. Their ambition to continue their business’ growth eventually leads to the creation of new jobs. As their business continues to grow, even more jobs are created. Thus, lowering unemployment rates while helping people feed their families.
Entrepreneurs innovate: Some of the greatest technologies in today’s society have come from businesses. The technological advances come out of a need to solve a problem, create efficiencies, or improve the world. Thus, in periods where there’s more advancement in technology, it’s usually due to the work of an entrepreneur.
Entrepreneurs create change: Entrepreneurs dream big so naturally some of their ideas will make worldwide change. They might create a new product that solves a burning problem or take on the challenge to explore something never explored