effectual entrepreneurship

Entrepreneurship definition rational actors or leaving no room for risk taking or discovery

joseph Schumpeter
frank knight, quizzer

suggest that entrepreneurs are not just companies were responsible for the creation of the new things
in the search of profit

knight focuses that entrepreneurs are bearer of the uncertainty and believe that they are responsible
for the risk premium

entrepreneurship is the process that led to the discovery

entrepreneurship is the act of creating a business while building and scaling it to generate a profit

entrepreneur is an individual who creates new business bearing risks and enjoying rewards

key features of an entrepreneur

person who ready to take risks for starting a new business

entrepreneurship is a high risk but also can be high rewarded as well

entrepreneurs create a business plan they hire labor they acquire resources they acquire financing also
provide leadership and management for the business entrepreneurs faces many obstacles while building
their companies

the exploitation of entrepreneurial opportunities may include in Pakistan are

overcoming bureaucracy

developing a business plan

hiring the human resource

risk aversion is the most important factor that entrepreneurs have to focus on.

importance of entrepreneurship

entrepreneurs create jobs

entrepreneurs are innovators

entrepreneurs create change

entrepreneurs provide certain resources to society

entrepreneurs add to the national income

entrepreneurs help to increase the income and the standard of living and increase the consumption of
goods and services

entrepreneurs support the development of research and development

Entrepreneurs impact on the economy:

entrepreneurs act as a coordinating agent in the capital economy

entrepreneurs move resources both tangible and intangible promoting capital formulation

entrepreneurs drive efficient discovery and constantly reveal knowledge

What it is need to become an entrepreneur:

Good listener

Good observer

adoptive to the change

steps that most successful entrepreneurs follow

they have financial stability

consume content across multiple channels

identify problems in marketplace

how to solve the problem

Types of entrepreneurship:

institutional entrepreneurship

cultural ( individual who builds their own cultural brand

feminist e

social

project based en