Entrepreneurship is the process of creating, developing, and scaling new business ventures by identifying market opportunities and converting them into successful enterprises. Entrepreneurs are individuals who take on financial risks in hopes of profit and are often characterized by their innovative thinking, risk tolerance, and ability to recognize unmet needs in the market. The field of entrepreneurship encompasses several stages, from ideation, business planning, and funding to growth strategies and exit plans. It requires knowledge in areas like finance, marketing, management, and operations, as well as soft skills like leadership and adaptability. Entrepreneurs must also be familiar with fundraising techniques, such as venture capital, angel investing, or crowdfunding. The discipline also emphasizes the importance of innovation, particularly in industries like technology, and social entrepreneurship, which focuses on creating enterprises that generate both social and economic value.
