The term “entrepreneurship” refers to the process of starting and managing a new business or enterprise. It involves taking risks, innovating, and creating value for customers. Entrepreneurship plays a crucial role in economic growth and development, as it leads to the creation of new jobs, products, and services.
Entrepreneurship is often seen as a challenging but rewarding career path. Entrepreneurs must be able to identify opportunities, develop business plans, and manage financial and operational risks. However, the potential rewards of entrepreneurship can be significant, including financial success, independence, and the satisfaction of building something from the ground up.