"Entrepreneurship is the creation or extraction of economic value."
Knowledge and skills required to start and manage a business.
Business Planning: The process of creating a roadmap, strategies, and procedures to launch and operate a successful business.
Marketing & Advertising: The art of promoting and selling products and services through various techniques such as digital marketing, social media, email marketing, paid advertising, SEO, and more.
Sales Strategies: Different techniques such as cold calling, lead nurturing, customer relationship management, and pipeline management for driving sales and growth in a business.
Financial Management: Managing finances effectively and efficiently, including budgeting, forecasting, financial analysis, and cash flow management.
Legal Structures: Understanding different legal structures for businesses, including sole proprietorships, partnerships, LLCs, and corporations, and choosing the right structure for your business.
Business Funding: Understanding various sources of business funding such as grants, loans, equity financing, and crowdfunding.
Networking: Building a strong network of contacts within an industry or business community to create opportunities for growth, mentorship, and partnership.
Leadership & Management: Developing leadership and management skills that are crucial in planning, organizing, coordinating and motivating a team to achieve business goals.
Digital tools: Familiarizing yourself with tools that can make an entrepreneur's life easier for accounting, organization, and project management, such as Quickbooks, Asana, and Trello.
Mindset & Resilience: Cultivating an entrepreneurial mindset and developing resilience for bouncing back from setbacks and failures, and staying motivated to succeed in the long-term.
Home-based Entrepreneurship: This type of entrepreneurship involves starting and running a business venture from one's home.
Franchise Entrepreneurship: This type of entrepreneurship involves starting a business venture by purchasing a specific franchise from an established company.
Social Entrepreneurship: This type of entrepreneurship involves creating a for-profit business venture that also addresses a social or environmental issue.
Online Entrepreneurship: This type of entrepreneurship involves starting and running a business venture entirely online.
Lifestyle Entrepreneurship: This type of entrepreneurship involves starting a business venture that allows the entrepreneur to achieve a specific lifestyle or work-life balance.
High-growth Entrepreneurship: This type of entrepreneurship involves starting a business venture with the intention of rapid growth and scaling to a large size.
Small Business Entrepreneurship: This type of entrepreneurship involves starting and running a small business venture that typically has a smaller scale and scope than high-growth entrepreneurship.
Intrapreneurship: This type of entrepreneurship involves creating new business ventures or initiatives within an established company or organization.
Freelance Entrepreneurship: This type of entrepreneurship involves starting a business venture as an independent contractor or freelancer, often in creative or service-oriented fields.
Serial Entrepreneurship: This type of entrepreneurship involves starting multiple business ventures over the course of one's career, often with the intention of building a portfolio of successful businesses.
"With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones."
"An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards."
"The process of setting up a business is known as 'entrepreneurship'."
"The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures."
"More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the 'capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.'"
"A significant proportion of start-up businesses have to close due to 'lack of funding, bad business decisions, government policies, an economic crisis, a lack of market demand, or a combination of all of these.'"
"In the field of economics, the term entrepreneur is used for an entity which has the ability to translate inventions or technologies into products and services."
"In this sense, entrepreneurship describes activities on the part of both established firms and new businesses."
"While definitions of entrepreneurship typically focus on the launching and running of businesses..."
"Entrepreneurship is the creation or extraction of economic value."
"With this definition, entrepreneurship is viewed as change..."
"An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards."
"The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures."
"A significant proportion of start-up businesses have to close due to 'lack of funding, bad business decisions, government policies, an economic crisis, a lack of market demand, or a combination of all of these.'"
"In the field of economics, the term entrepreneur is used for an entity which has the ability to translate inventions or technologies into products and services."
"More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business..."
"A significant proportion of start-up businesses have to close due to 'lack of funding, bad business decisions, government policies, an economic crisis, a lack of market demand, or a combination of all of these.'"
"With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business..."
"The people who create these businesses are often referred to as 'entrepreneurs'."