Entrepreneurship

• • Businesses are the backbone of the economy.
• Entrepreneurs play an important role in developing the economy through providing the needed products and services.
• Entrepreneurs provide a solution to the problem of unemployment by creating opportunities for the unemployed young people.
• Entrepreneurs increase the per capita income, the standard of living, and the individual saving of the people.
• An entrepreneur is someone who takes risks and creates something new from scratch
• The entrepreneur is one who organizes resources into business enterprise with the aim of making profit.
• Entrepreneurs contribute to balanced regional development by investing in different areas.
• Entrepreneurs generate revenue for the government in the form of various taxes and duties.
• Entrepreneurs can also be seen as agents of change, driving innovation and progress within their industries or communities.
• Development of Managerial capabilities


  this means that one of the benefits an entrepreneur gets is to develop his managerial skills.
• Creation of Organizations


  which means that because of entrepreneurships many organizations will exist.
• Improving standard of living


  this means that entrepreneurship can lift up the economic status of an individual.
• Means of economic development


  this means that not only the life of the entrepreneur is improved but also the society where the business is located.
• Entrepreneurship is the process of creating an enterprise by undertaking the risk of it.
• The word “entrepreneur” comes from the French verb enterprendre, which means “to undertake.”
• Entrepreneurs are innovators who generate new ideas and solutions to the present-day problems.
• Entrepreneurs are risk-takers who are willing to face the uncertainty and challenges of the market.
• Entrepreneurs are problem-solvers who make their solutions unique and profitable.
• The word "entrepreneur" was derived from the French verb enterprendre, which means "to undertake." This is pinpointing to those who "undertake" the risk of enterprise. The enterprise is created by an entrepreneur and the process is called "Entrepreneurship." Entrepreneurs are innovators, willing to take risks and generate new ideas to make it unique and profitable solutions to the present-day problems.