Hello and welcome to the Entrepreneur course for beginners buy Great Learning. Entrepreneurship on of the most talked about concepts in the current times. What is entrepreneurship, and why is it so important in society? What is the classification of entrepreneurship, and why is it preferred so much in recent times? get clarified on all the above queries about entrepreneurship by watching this entrepreneurship video completely.
What is Entrepreneurship?
- The term entrepreneurship was derived from the French word “entreprendre” which refers to undertake
- Entrepreneurship is a process of setting up a business, taking on financial risks in the hope of profit
- An entrepreneur is a person who creates a new business, assuming most of the risks and most of the rewards
- Efficient utilization of resources – land, labor, resources, enterprise skills
- Two aspects: ability + willingness
- Example – Starting a new business
Agenda:
- Challenges in Entrepreneurship
- Source of business ideas
- New trends in entrepreneurship
- Industry life cycle
- Why do entrepreneurs fail?
