Entrepreneurship Definition

Here we discuss about Entrepreneurship Definition.

It means the ability and desire to build and manage a new concern to make profits after meeting the risks associated with launching the new business.

Only launching business is the step but successfully launching business is the ultimate goal of every entrepreneur. In launching new business, there are two possibilities for entrepreneurs either to produce Products or Services.

Products like manufacturing raw material or selling finished goods, Selling Affiliate Products etc.

Services like Consulting Services, Search Engine Optimization (SEO) Services, Developing E-Commerce Websites, Digital Products like Selling EBooks in kindle Format, etc.

There are many types of businesses including Small and Medium Enterprises (SMEs). SMEs require small amount of Capital to start the business.

So it is all about Entrepreneurship Definition.