what is entrepreneurship pdf

Entrepreneurship is the process of identifying, evaluating, and exploiting opportunities to introduce new goods and services, ways of organizing, markets, processes, and raw materials through organizing efforts that previously did not exist. It is the process of building a mindset and skills that lead to a successful business organization. Entrepreneurship can be learned, and there are certain characteristics and skills that can be acquired to improve entrepreneurial ability. Some of the key characteristics of successful entrepreneurs include being action-oriented, having a high need for achievement, having a detailed knowledge of the key factors needed for success, having physical stamina, and seeking outside help to supplement their skills, knowledge, and ability. Entrepreneurship generates employment opportunities and can contribute to economic growth.