What is entrepreneurship and who are the entrepreneurs? • Entrepreneurship is risk-taking… 1 answer below »

What is entrepreneurship and who are the entrepreneurs?
• Entrepreneurship is risk-taking behavior that results in the creation of new opportunities.
• A         classic entrepreneur is someone who takes risks to pursue opportunities in situations that others may view as problems or threats.
• A serial entrepreneur is someone who starts and runs businesses and other organizations one after another.
• Entrepreneurs tend to be creative people who are self-confi dent, determined, resilient, adaptable, and driven to excel; they like to be masters of their own destinies.
 • Women and minorities are well represented among entrepreneurs, with some being driven by necessity or the lack of alternative career options.
 • Social entrepreneurs set up social enterprises to pursue novel ways to help solve social problems. For Discussion Given that “necessity is the mother of invention,” can we expect that the poor economy we have been dealing with will result in lots of new and successful small business entrepreneurship?
 

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