How To Start a Business: Enterpreneurship
Entrepreneurship Entrepreneurship is the process of creating an innovative business with an aim of making profit under conditions of risks. It involves generating an idea,getting the necessary resources, organising them and creating a profitable business. An Entrepreneur is a person who Identifies a business opportunity and Obtains the resources necessary to initiate business activity. Importance of entrepreneurship to the economy 1. Job creation Entrepreneurs create jobs for themselves and for others, thus reducing the problems of unemployment in the country. 2. Promotion of an entrepreneurial culture. Entrepreneurial culture is an environment that prepares the community to take advantage of available business opportunities in the society. Entrepreneurs employ other people to work for them. 3.Creation of market for goods and services Entrepreneurs create markets for goods and services produced locally, eg. Raw mate...