Entrepreneurship: Going beyond the comfort of safety to make larger
Entrepreneurship is the process of starting a new business that adds some value to the
world by solving some specific problems. Entrepreneurship is the capacity and willingness
to develop, organize and manage a business venture along with any of its risks in order to
make a profit. Entrepreneurship combined with land, labor, natural resources and capital
can make a profit. Those who create these businesses are called entrepreneurs.
Entrepreneurial spirit is characterized by innovation and risk taking and is an essential part
of a nation's ability to succeed in constantly changing and increasingly competitive global
Entrepreneurship in its truest form is about identifying a gap in the market and creating a
product of use to fill that hole. Entrepreneurship is not solely about making money- it is
about changing and enriching the lives for better. It is about improving people's lives
through creation of products or launching services that makes the lives of people easy. If
one's business does not add value to the lives of people then it is unlikely to survive. The
business that makes nothing but money is a poor business.
Entrepreneurship is the act of being an entrepreneur. Entrepreneurs act as managers and
oversee the launch and growth of an enterprise. Entrepreneurship is the process by which
either an individual or a team identifies a business opportunity and acquires and deploys the
necessary tools and resources required for its utilization.
Entrepreneurship is about being ready to go beyond the comfort zone. It is about defining
success on one's own terms and achieving it by one's own process and methodology. It is
about thinking outside the box or thinking like there is no box. True entrepreneurial spirit is
about seeing challenges as opportunities. Entrepreneurs should be able to shake off
depression, laziness and should jump into the flowing stream of hard work and reach their
dream. True Entr