Entrepreneurship is a creative act. It requires perception, drive, tenacity, dedication and hard work to pursue identified economic opportunities. There is a general acceptance of entrepreneurial risk regarding time, financial resources and psychological well being.
Entrepreneurship is a process intended to create wealth and accomplished by gathering and managing human, financial, physical and informational resources to pursue a business opportunity with acceptable levels of risk.
Entrepreneurship is manifested once the introduction of new and innovative goods, services or processes into the marketplace occurs. This inevitably creates opportunities for additional goods, services and processes.
Entrepreneurship is instrumental in the development of any society, however, entrepreneurship needs a society that encourages and supports individual initiative. Conditions aiding entrepreneurs include readily available investment capital and a cultural acceptance of business people who tend to operate in unconventional manners.
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