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The. concept of entrepreneurship was first es- tablished in thes, and the meaning has evolved ever since. Many simply equate it with starting one's own business. ... To some economists, the entrepreneur is one who is willing to bear the risk of a new venture if there is a significant chance for profit.
Process of starting your own business, no matter how small it is, as long as you've started it from scratch.
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I will go with your own explanation. That is stated well!
Entrepreneurship means different things to different people. Some imagine tech geniuses with Silicon Valley startups, while others picture small business owners opening up their shop doors on Main Street.Ultimately, entrepreneurship encompasses these and many other business ventures that share a commitment to turning an idea into a profitable business.