Entrepreneurship is the act of establishing a business or businesses, taking financial risks in the hope of making a profit. It is the process of creating something new or improved to take advantage of a commercial opportunity. A entrepreneur is an individual or a small group of partners who embark on an original path to create a new business. They assume the greatest amount of risk associated with the project, and if successful, will benefit more from it.
It is the act of creating a business or businesses with the aim of making a profit. At its core, being an entrepreneur means having a business mentality that focuses on creating a profitable venture. It requires taking risks and having a vision, as well as sacrificing a lot to achieve it. In recent decades, the possibilities for aspiring entrepreneurs have grown significantly. Economists have never had a unified definition of entrepreneur or entrepreneurship. However, if you are motivated to create something new and take risks in order to make a profit, you fit the definition of an entrepreneur.
