Entrepreneurship in Plain English

There is a current buzz about entrepreneurship; everyone seems to be talking about it. The recent advancements in technology which makes starting up a new business easier than it used to be contributed immensely to the high spate of entrepreneurs in the world now. But what is this entrepreneurship that everyone seems to be talking about?

In plain terms, entrepreneurship simply means the willingness to conceive, develop, organize and manage a business with all of its attendant risks. The most obvious example of entrepreneurship is the start of new ventures.

From the above definition, you see that entrepreneurship first has to start with an idea, this idea could be an entirely new one or an existing one that is simply improved upon. Next is the development of this idea, the organization of the idea, and finally the management of the business that this idea yields. In the definition, we saw that entrepreneurship comes with risks, and it is the entrepreneur who bears these risks.

The same way that entrepreneurship has risks, it also has benefits, especially when it is done right. And this aspect of doing it right is what we want to look at in this short guide. In truth, entrepreneurship can be scary because there is no guarantee that the idea will work, and the entrepreneur may end up losing money in the early years. However, if you read this book till the end, you will learn all about entrepreneurship and how to minimize its attendant risks. Without much ado, let started.