Goals and Objectives of Entrepreneurship

The goals of entrepreneurship are to create a new venture and to create value of some kind, such as
social, intellectual, or financial value. Commercial entrepreneurs often come to mind when one
thinks about entrepreneurship. Their goals are to create viable businesses and to create value,
usually in the form of financial value. One commercial entrepreneur may choose a technology start-
up to make large profits, grow quickly, and selling the business to another company. Another
commercial entrepreneur may choose to build a small business to grow very slowly and generate
income for himself or herself.

Social entrepreneurs are individuals who seek to create non-financial value, such as providing
products or services to a community in need. These individuals use the entrepreneurial process to
start non-profit ventures or otherwise to create a social value.

Their objectives are not necessarily money or profit. Quite often, the goal is to create a change in
society and further specific non-financial goals. These entrepreneurs seek to build organizations with
strong, well-defined missions and to operate within a structure that enables them to attract funding
from people who believe in the mission. Intrapreneurs are individuals who seek to create new
products or services from within an existing organization. These individuals usually work with the
support of the organization, and their objective is to generate a profit for the larger company