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:
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
File:- Introduction │ Entrepreneurship │ Management Notes