Entrepreneurship is the recognition and exploitation of market opportunities. Recognizing that an opportunity exists is not enough; to be entrepreneurial involves the pursuit of that opportunity. Therefore, being an entrepreneur involves both cognition and behavior. As a state of mind, entrepreneurship is valuable within existing organizations as well as in the establishment of new ventures.
Entrepreneur Careers Background Have you ever baby-sat neighborhood kids? Mowed a lawn or two in the summer? Run a lemonade stand? Then you already know something about being an entrepreneur. You’ve set your own hours, named your prices, and earned money. The entrepreneurial spirit has long been strong in kids and teens; this is evident
Entrepreneurship is about starting an organization, organizing effort, and exploiting opportunities (with the phases of emergence, recognition, evaluation, and exploitation of opportunities). Small and medium-sized enterprises are the major agents of economic development and growth, adding new jobs, in contrast to most large companies. Entrepreneurial activity predicts wealth creation across nations. Entrepreneurs start new organizations