Entrepreneurship

Extracted Attributes

• Types

  Small business entrepreneurship, scalable startup entrepreneurship, large company entrepreneurship, social entrepreneurship.

• Definition

  The creation or extraction of economic value, often involving risks beyond those typically encountered in starting a business and potentially encompassing non-economic values.

• Economic Role

  Integral to production, combining land/natural resources, labor, and capital to manufacture goods or provide services.

• Origin of Term

  Derived from the French word 'entreprendre,' meaning to undertake or start a business venture.

• Economic Definition

  An entity with the ability to translate inventions or technologies into products and services.

• Key Characteristics

  Innovation, risk-taking, resilience, problem-solving abilities, vision, dedication, focus, agility, careful planning.

• Startup Success Rate

  Approximately 50% of startups last five years, and 25% survive fifteen years.

• Alternative Definition

  The process of designing, launching, and running a new business.

• Common Causes of Failure

  Lack of funding, bad business decisions, government policies, economic crisis, lack of market demand.

Timeline

• A comprehensive discussion on the All-In Podcast highlighted the geopolitical dimension of the AI race, framing China's state-sponsored corporatism and the CCP's suppression of entrepreneurship, exemplified by Jack Ma, as a potential long-term weakness contrasted with the importance of the Rule of Law. (Note: Date is a placeholder for contemporary discussion as no specific podcast date was provided.) (Source: Document 4b1c9435-cba0-4c58-b5e6-858844a54e5c)

  2023-10-26

Entrepreneurship

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur (French: [ɑ̃tʁəpʁənœʁ]) is 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 business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per Business Dictionary) as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit". The people who create these businesses are often referred to as "entrepreneurs". In the field of economics, the term entrepreneur is used for an entity that has the ability to translate inventions or technologies into products and services. In this sense, entrepreneurship describes activities on the part of both established firms and new businesses.

Web Search Results

• What is Entrepreneurship? Definition, Characteristics, Concepts ...

  ## Frequently asked questions Entrepreneurship is the process of creating, managing, and scaling a business venture, driven by innovation and risk-taking. The term is derived from the French word "entreprendre," meaning to undertake or start a business venture. The four types include small business entrepreneurship, scalable startup entrepreneurship, large company entrepreneurship, and social entrepreneurship. [...] ## What is entrepreneurship? Entrepreneurship is the process of starting, managing, and growing a business. It entails blending innovation, expertise, and vision to create new products, services, or ideas that address market needs and provide value to a specific audience. Entrepreneurs often assume financial risks and must possess resilience and problem-solving abilities. This concept also extends to various forms of self-employment, such as online content creators and consultants. [...] | | | | | --- | --- | --- | | Items | Entrepreneur | Entrepreneurship | | Definition | An individual who starts and manages a business venture with the aim of making a profit. | The process of starting, managing, and growing a business venture. | | Focus | On the individual. | On the activities related to starting and growing a business. | | Primary Goal | To make a profit. | To create value and solve problems for customers. |

• Entrepreneur: What It Means to Be One and How to Get Started

  An entrepreneur is an individual who takes an idea or product and creates a business, a process known as entrepreneurship. Creating a business requires a lot of work and dedication, which not everyone is cut out for. Entrepreneurs are often young, highly motivated risk-takers who have a vision and often sacrifice a lot to achieve that vision. [...] Entrepreneurship is one of the resources economists categorize as integral to production, the other three being land/natural resources, labor, and capital. An entrepreneur combines the first three of these to manufacture goods or provide services. They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. [...] Entrepreneurship is when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service. Entrepreneurship usually starts as a small business but the long-term vision is much greater, to seek high profits and capture market share with an innovative new idea. ### How Entrepreneurs Make Money

• 4 Entrepreneur Success Stories to Learn From | HBS Online

  ### Courses ### Courses ## Filters ### Topics ### Topics ### Courses ### Courses # 4 Entrepreneur Success Stories to Learn From successful entrepreneur talking on phone Entrepreneurship is a risky but potentially rewarding endeavor. According to the online course Entrepreneurship Essentials, 50 percent of startups last five years, and just 25 percent survive 15. [...] One example mentioned in Entrepreneurship Essentials is that of innovative online eyewear company Warby Parker. In 2008, Wharton MBA student Blumenthal lost his prescription eyeglasses. He was reluctant to purchase a new pair because they were so expensive. He also didn’t want to visit an eyeglass store. [...] If you’re exploring entrepreneurship or in the early stages of launching a venture, it’s important to learn from others to avoid common pitfalls and discover which decisions impacted a company’s survival. Here are four stories of successful entrepreneurs to inspire your entrepreneurial journey. Access your free e-book today. ## 4 Successful Entrepreneur Stories ### 1. Adi Dassler of Adidas

• The Power of Entrepreneurship: Inspiring Stories of Success

  you know my standpoint is a car wash it's bring in an an after Debt Service and everything $100,000 a year and has no technology implementation no AI wins nothing on the technology front that's going to make the business more efficient uh um a Savvy entrepreneur can come in make some simple deployments nothing crazy and you can increase the revenue double triple quadruple you can increase your margin by 10 20 30% um I don't feel or believe that any of those things are complicated or impossible [...] people and be connected to good people um just in the power of of networks and and all the connectivity we have now I love it let's bring it home with with our final segment entrepreneurship often involves unique and unconventional paths to success highlighting creativity resilience and Innovation understanding Niche markets Innovative funding methods and overcoming challenging environments are key to these paths Niche markets cater to specialized segments with specific demands requiring deep [...] combination of both what I don't I mean the definition of win is very Broad um what are we like what's what are we defining as a win I mean to me I think entrepreneurship entrepreneurism has been was basically rebranding business ownership whether that's small business large business whatever family business Everyone's an entrepreneur now and a win to me is someone that is able to to provide a living for themselves create job jobs create jobs for other people enjoy what they're doing be

• Top Successful Entrepreneurs | Robert F. Smith

  There is no formula for entrepreneurial success. If you look at the journey of any successful entrepreneur, you will find they started with an idea. However, turning an idea into success requires years of dedication. It also takes focus, agility, careful planning and leveraging the right resources. [...] Entrepreneurs are responsible for many of the innovations and conveniences that shape our world. From technology innovators to beauty moguls, the following list of successful entrepreneurs shows what can be achieved with hard work. ### Jeff Bezos, Founder of Amazon [...] If you are an aspiring entrepreneur, you must think beyond the obvious and how your ideas can drive progress and push society forward. Once you have an idea, strategic planning and determination are key. With time and persistence, you can join the ranks of successful entrepreneurs. Successful Entrepreneurs ------------------------

• Instance Of

  Q5633421

Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is 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 business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, government policies, an economic crisis, lack of market demand, or a combination of all of these." In the field of economics, the term entrepreneur is used for an entity which has the ability to translate inventions or technologies into products and services. In this sense, entrepreneurship describes activities on the part of both established firms and new businesses.