Entrepreneurship

Entrepreneur

An entrepreneur is someone who takes a risk in starting a business to earn profit.
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Entrepreneurship

Entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business.

What does it take to become and entrepreneur?

It takes unique skills and personal characteristics to develop a new idea for a product or service. Entrepreneurs come form all ages, genders, and races. More business owners are male, but young entrepreneurs are more equally divided between male and female.

Financing

Most of the money that you need to start a business comes from the entrepreneur and his or her family or friends. More than 50% lend financial support for the business of a family member. Another source of money for new businesses is money provided by large investors to finance new products and new businesses that have a good chance to be very profitable. This is called venture capital.

Characteristics of a Great Entrepreneur.

More about Entrepreneurs...

  • one in ten of all Americans 18-64 year old is involved some type of entrepreneurship.
  • more than 670,000 new businesses are created each year
  • risky
  • small businesses are responsible for for most new employment

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