Entrepreneurship

Entrepreneurship is the quality of an individual who can own develop or manage a business and has the courage to take risks to reap profits.

Entrepreneurship is essential as it creates more business resulting in more employment, creates wealth and leads a country towards progress.

It is a quality that combines all other qualities such as leadership, decision making skills, ready to take risks, endurance, vision, confidence and ability to perform.

There are different types or kinds of entrepreneurship depending on the type of business such as small scale business entrepreneurship, large scale business, startup and social entrepreneurship.

Small business entrepreneurs include small business such as traders, travel agents, electricians etc. aiming for a minimal profit required for family expenses.

Large scale business entrepreneurship includes entrepreneurs who run big business and enhance them with latest products or services, focus on latest market trends and changing customer specifications.

Social entrepreneurship involves entrepreneurs who create products or services related to the needs of people which even include non-profit organizations aiming for a better world instead of profits.

Since Entrepreneurship is a quite a rare quality, entrepreneurship education is given importance to encourage students to become good entrepreneurs.

This form of education aims to provide students the basic skills and knowledge to realize right opportunities and become successful entrepreneurs.

Entrepreneurship is one quality that gives rise to successful entrepreneurs who not only make profitable business, but also create jobs, improve country’s economy, development and help modernization.


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