Get Matched With Entrepreneurship Programs
What is Entrepreneurship?
An entrepreneur is a person who starts their own business. However, even more than that, they are seen as those who notice gaps in the existing market and create a new product or service to fill those gaps. As long as they know how to use managerial skills, accounting, marketing, and finance to enable their business to grow, they can look forward to their businesses increasing over time.
Successful entrepreneurs have put their efforts into planning. They understand their strengths as well as their weak points. If their business is one of those to succeed, they will have helped to contribute to a healthier local and state economy. Entrepreneurship involves planning, making decisions, and having the ability to understand what potential customers want or need.
Professionals who go into this field have often spent time in school studying the economy and how individual businesses contribute to the relative health of the economy. An entrepreneur should also study local and state business regulations governing small businesses. By absorbing this knowledge, they can make better decisions regarding production, marketing, and labor.