The Benefits Of Entrepreneurship

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The word entrepreneur originates from a French word entreprendre, which means “one who undertakes an endeavour” and later on it was used to refer a person who undertakes a business deal. An entrepreneur is a person who takes a risk and starts a business with a hope to succeed. An entrepreneur also organizes and combines all resources needed to convert the formation to a viable business.
According to economist Joseph Alois Schumpeter(1883-1950), “Entrepreneurs are not necessarily motivated by profit but regard it as a standard for measuring achievement or success.” This is to proof that profit is not the main aim of entrepreneurs. Entrepreneurs are someone who drills initiative by organizing an investment to take benefit of an opportunity and as the decision maker, determines what, how, and how much of a good or service will be provided.
Entrepreneurs usually have fondness to create a change. An entrepreneur specializes in taking subjective decisions about managing limited resources. In simple words, entrepreneurs are people who want to work for themselves. Entrepreneurs seek to increase the capacity their undertakings while decreasing the threats.
Entrepreneurship is the ability and readiness to build up, coordinate and manage a business along with any peril to make profit and starting a new business is a clear example of it. Searching for favourable circumstances in the market place and at the same time aligning the resources required to utilize these opportunities for

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