1.

Entrepreneurship is the process of designing, launching and running a new business, which is
often initially a small business. The people who create these businesses are
called entrepreneurs.[1][2]
Entrepreneurship has been described as the "capacity and willingness to develop, organize and
manage a business venture along with any of its risks in order to make a profit."[3] While definitions of
entrepreneurship typically focus on the launching and running of businesses, due to the high risks
involved in launching a start-up, a significant proportion of start-up businesses have to close due to
"lack of funding, bad business decisions, an economic crisis, lack of market demand, or a
combination of all of these."[4]
A broader definition of the term is sometimes used, especially in the field of economics. In this
usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to
translate inventions or technologies into products and services: "The entrepreneur is able to
recognize the commercial potential of the invention and organize the capital, talent, and other
resources that turn an invention into a commercially viable innovation." [5] In this sense, the term
"Entrepreneurship" also captures innovative activities on the part of established firms, in addition to
similar activities on the part of new businesses.
Entrepreneurship is the process of designing, launching and running a new business, which is
often initially a small business. The people who create these businesses are
called entrepreneurs.

social entrepreneurship is the use of start-up companies and other entrepreneurs to develop, fund
and implement solutions to social, cultural, or environmental issues.[1] This concept may be applied
to a variety of organizations with different sizes, aims, and beliefs.[2] For-profit entrepreneurs typically
measure performance using business metrics like profit, revenues and increases in stock prices, but
social entrepreneurs are either non-profits or blend for-profit goals with generating a positive "return
to society" and therefore must use different metrics. Social entrepreneurship typically attempts to
further broad social, cultural, and environmental goals often associated with the voluntary sector[3] in
areas such as poverty alleviation, health care and community development.

An entrepreneurial ecosystem or entrepreneurship ecosystem is the social and economic

environment affecting the local or regional entrepreneurship. Businesses located within places
serving as incubators for creativity, innovation, and entrepreneurship have a greater chance of
success.

Creative entrepreneurship is the practice of setting up a business – or setting yourself up as self-

employed - in one of the creative industries. The focus of the creative entrepreneur differs from that
of the typical business entrepreneur or, indeed, the social entrepreneur in that s/he is concerned first
and foremost with the creation and exploitation of creative or intellectual capital. Essentially, creative
entrepreneurs are investors in talent – their own or other people’s.

Software entrepreneurship has a different set of developing strategies than other business start-
ups. The development of software, a digital “soft” good, involves different business models, product
strategy, people management, and development plan compared to the traditional manufacturing and
service industries. For example in the software business, making one or ten million copies of a
product cost about the same. Furthermore, the productivity difference between a good and bad
employee is ten to twentyfold. As well, software projects tolerate 80 percent lateness and ongoing
design changes on a regular basis.[1]
 2. An entrepreneur is a person who organizes a venture to benefit from an opportunity, rather than
working as an employee. Entrepreneurs play a key role in any economy. These are the people who
have the skills and initiative necessary to anticipate current and future needs and bring good new
ideas to market.

An entrepreneur is a person who starts a new business and usually risks his own money to
start the venture.

 Bill Gates, founder of Microsoft. There are probably not many people that have not been
touched by one of his products, such as Microsoft Windows, Microsoft Office and Internet
Explorer.
 Steve Jobs, co-founder of Apple computers, which produces Macs, iPods and iPhones, as
well as Apple TV.
 Mark Zuckerberg, the founder of Facebook.
 Pierre Omidyar, founder of eBay.
 Arianna Huffington, founder of the Huffington Post, a well-known online news site.
 Caterina Fake, co-founder of Flikr, which hosts images and videos on the Internet.

3.

1. challenge your self

2. take risks
3. Reduce fear. ...
4. Hire great partners. ...
5. Plan your finances. ...
6. Listen to complaints. ...
7. Manage risks. ...
8. Self-promote
9. visualize your goals
10. spend time
11. hire great partners
12. act

4. 1. Self-Motivation
One of the most important traits of entrepreneurs is self-motivation. When you want to succeed, you need to be able
to push yourself. You aren’t answerable to anyone else as an entrepreneur, and that sometimes means that it’s hard
to get moving without anyone to make you. You need to be dedicated to your plan and keep moving forward —
even if you aren’t receiving an immediate paycheck.

2. Understand What You Offer

As an entrepreneur, you need to know what you offer, and how it fits into the market. Whether it’s a product or a
service, you need to know where you fit in. That means you need to know when it’s time to tweak things a little
bit. This also includes knowing whether you are high end, middle of the road or bargain. Being able to position
yourself and then adjust as needed is an important part of entrepreneurship.

3. Take Risks

Successful entrepreneurs know that sometimes it’s important to take risks. Playing it safe almost never leads to
success as a business owner. It’s not about taking just any risk, though. Understanding calculated risks that are more
likely to pay off is an important part of being an entrepreneur. You’ll need to be willing to take a few risks to
succeed.

4. Know How to Network

Knowing how to network is an important part of entrepreneurship. Sometimes who you know is an important part of
success. Being able to connect with others and recognize partnership opportunities can take you a long way as a
business owner. Figure out where to go for networking opportunities and make it a point to learn how to be
effective.

5. Basic Money Management Skills and Knowledge

We often think of successful entrepreneurs as “big picture” people who don’t worry so much about managing the
day to day. And it’s true that you might have an accountant or other team members to help you manage the business.
However, if you want to be successful, you should still have basic money management skills and knowledge.
Understand how money works so that you know where you stand, and so that you run your business on sound
principles.

6. Flexibility

To a certain degree, you need to be flexible as an entrepreneur. Be willing to change as needed. Stay on top of your
industry and be ready to adopt changes in processes and product as they are needed. Sometimes, you also need
flexibility in your thinking. This is an essential part of problem-solving. You want to be able find unique and
effective solutions to issues.

7. Passion

Finally, successful entrepreneurs are passionate. They feel deeply about their product or service or mission. Passion
is what will help you find motivation when you are discouraged and it will drive your forward. Passion is fuel for
successful entrepreneurship. If you find yourself losing your passion, that might be the clue that it’s time to move on
to something else (that stokes your passion). There are many serial entrepreneurs that create successful businesses,
sell them, and then create something else.

As you consider your characteristics, think about how to better develop them to help you become a better
entrepreneur.

5.