Meaning of entrepreneurship

Entrepreneurship comes from the French verb entrepreneur`, which mean ‘to undertake`. entrepreneurship is the act or art of organization or owning a business by taking financial risks with a taking risk; it is also about innovation, new products or services and having a great business sense with a view to transforming ideas into economic goods for a profit.

Meaning of entrepreneur

An entrepreneur is a person who is able to think of see or identify opportunities that do not yet, and who as the confidence and courage   to undertake or startup to start up a business at great financial risk for a profit.

Entrepreneur usually starts a new business where there is none before or takeover   an existing work for themselves are considered to be entrepreneurs. Wealth is created when such innovation result in new demand for the product or service.

Characteristics of an entrepreneur

1.     Determination: A successful entrepreneur is always determined and does not give up easily.

2.     Commitment: An entrepreneur puts in a lot of effort in order to ensure the success of the venture or business.

3.     Insight: the entrepreneur must have a very clear idea of the business they want to start and keep to it.

4.     Brainstorming: As the business progresses or start, the entrepreneur must be able to brainstorm to make change when and where necessary.

5.     Resourcefulness: Making sure of all that is needed to set up, run and keep the business going is another characteristic of a successful entrepreneur.

6.     Creativity: the entrepreneur must be imaginative to be able to continue to rebrand the business and make it better.