The definition of entrepreneurship is not exactly defined. This is because it usually generates a large number of doubts or conflicts, due to the fact that there are too many definitions of this term. Briefly, we could define the entrepreneurship as the ability to create, manage and execute projects, transforming ideas into products, services and businesses. The concept also refers to initiatives to propose and implement changes in existing companies.
Much is said about him Entrepreneurship and how entrepreneurs take their ideas and turn them into highly successful projects. Now, what does this concept really mean? What is the OBJETIVE? What is needed to invest in it?
To answer all your questions about starting a business, we have prepared this complete guide with everything you need to know on the subject. In addition, we have some advice for those who are considering starting a business.
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What is entrepreneurship?
He entrepreneurship It is the ability to develop and execute projects to convert ideas into businesses, products and services. Whether for profit or social charity generating innovation and employment.
We can also understand entrepreneurship as a initiative to suggest and implement changes for companies that are already in the market.
In the business world, we can say that it is the act of create new solutions, transform businesses, modify processes. That is, everything that promotes and affects the market.
This is a scenario with great potential for professional growth. Entrepreneurs can exploit these new spending habits to find opportunities as new businesses emerge. Focused on satisfying the specific needs of specific audiences.
To achieve Entrepreneurship requires an investment and not only financial, but mainly of time. To be successful, you need to provide a real solution such as committing to building your business differentiation, thinking about how people will use what your business has to offer in “real life” and why they will choose your brand over the competition. .
Differences between entrepreneurship and entrepreneurship
Many people confuse these two concepts because of their great similarity. However, they do not have the same meaning. These terms have been mistranslated as "entrepreneurship," which is the behavior or effect of a business and the qualities an entrepreneur possesses.
But there are other references that the mistranslated term is Entrepreneur, which is not English, but is derived directly from French, entrepreneur. The main doubt between entrepreneurship and entrepreneurship it can be found in the chain of innovative concepts that have emerged in the entrepreneurial world.
In short, the word entrepreneurship It is suggested when you want to refer to entrepreneurship. The kind of energy or power we experience when we want to start a project.
How did the term entrepreneurship come about?
This concept began to gain notoriety in the middle of 1945 in the academic world. At first it began to be used for the "Theory of Creative Destruction" created by the economist Joseph Schumpeter. According to him, the entrepreneurship it is a practice limited to versatile people with productive skills, financial organization and sales.
Over time, the concept evolved into what we know today. Part of this change comes from academic Robert D. Hisrich in his book Entrepreneurship.
For Hisrich, it is the process of creating something new and valuable, investing time and energy. It is also based on assuming possible economic, psychological and social risks, with the aim of achieving financial and personal rewards.
Some authors say that all entrepreneurship has the utility of creatively break into the market. This is because by imposing new elements on the system, they force it to update and evolve. The economy is a very complex type of system that requires constant updating. Thanks to entrepreneurial projects, the market has acquired new elements that renew its process.
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