Entrepreneurship

Entrepreneurship

Entrepreneurship is an exciting journey, but it is not for the faint hearted. It is for those who are willing to take financial risks and other risks for an eventual financial, fulfillment and other gains.

According to Schumpeter (1950), an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful invention. The concept of innovation, know-how and newness became the basic part of the meaning of “entrepreneurship.” The newness in this case could be anything from a new product to a new distribution system to a new organizational structure. According to the opinion of two other famous economists of the 20th century, Frank H. and P.Drucker, entrepreneurship is about taking risk

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