Entrepreneurship

Taking financial risks in the hope of profit

Entrepreneurship is the creation or extraction of economic value through identification and commercialization of opportunities to deliver products or services, a process that typically requires considerable innovation, initiative, and risk-taking to establish and grow an enterprise. The term entrepreneur (French: [ɑ̃tʁəpʁənœʁ]) refers to an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a formal business, as well as any other unconventional modes of profit creation, are considered to be entrepreneurship.

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