Entrepreneurship in Plain English
(eBook)

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Published
FARHAD HAQUE, 2018.
Format
eBook
Status
Available Online

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Language
English
ISBN
9781386318767

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Grouped Work IDcce1ed61-8718-4d2c-967d-65c0dad0da1f-eng
Full titleentrepreneurship in plain english
Authorhaque farhad
Grouping Categorybook
Last Update2023-07-18 02:01:10AM
Last Indexed2024-05-11 05:22:24AM

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First LoadedOct 11, 2023
Last UsedMay 13, 2024

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    [abridged] => 
    [language] => ENGLISH
    [profanity] => 
    [title] => Entrepreneurship in Plain English
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    [synopsis] => There is a current buzz about entrepreneurship; everyone seems to be talking about it. The recent advancements in technology which makes starting up a new business easier than it used to be contributed immensely to the high spate of entrepreneurs in the world now. But what is this entrepreneurship that everyone seems to be talking about?

In plain terms, entrepreneurship simply means the willingness to conceive, develop, organize and manage a business with all of its attendant risks. The most obvious example of entrepreneurship is the start of new ventures.

From the above definition, you see that entrepreneurship first has to start with an idea, this idea could be an entirely new one or an existing one that is simply improved upon. Next is the development of this idea, the organization of the idea, and finally the management of the business that this idea yields. In the definition, we saw that entrepreneurship comes with risks, and it is the entrepreneur who bears these risks.

The same way that entrepreneurship has risks, it also has benefits, especially when it is done right. And this aspect of doing it right is what we want to look at in this short guide. In truth, entrepreneurship can be scary because there is no guarantee that the idea will work, and the entrepreneur may end up losing money in the early years.
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