Summary/Introduction
The word entrepreneur derives from the French words: ‘entre’ – meaning ‘between’, and ‘prendre’ – meaning ‘to take’. The word was originally used to describe people who ‘take on the risk or undertake’ between buyers and sellers or who ‘undertake’ a task such as starting a new venture.
This refers to those who ‘undertake/tackle/manage/handle’ the risk of new enterprises/businesses or companies. An enterprise is created by an entrepreneur. The process of creation is called entrepreneurship.
Entrepreneurship is a process of actions of an entrepreneur who is always searching for something new and exploits such ideas into gainful opportunities by accepting the risk and uncertainty with the enterprise.
Entrepreneurs tend to believe, “I’ve got my idea, and I’ll go until I die.” Entrepreneurs have a ‘sixth sense’ that allows them to see opportunities in any difficulties.
This PDF Note Covers
- Entrepreneurship Concept
- Intrapreneur Vs. Entrepreneur
- How to Become an Entrepreneur
- Key Elements of Entrepreneurship
- Characteristics of an Entrepreneur
- Myths About Entrepreneurship
- Types of Start-Up Firms
- Importance and Significance of Entrepreneurship
- Process of New Venture Creation
- Entrepreneurship Development in Nepal
