Visual Encyclopedia

Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business which is often initially a small business offering a product, process, or service for sale or hire. The people who create these businesses are called entrepreneurs. Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit". While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of businesses have to close, due to "lack of funding, bad business decisions, an economic crisis, lack of market demand – or a combination of all of these". In the 2000s, the definition of "entrepreneurship" expanded to explain how and why some individuals (or teams) identify opportunities, evaluate them as viable and then decide to exploit them, whereas others do not and, in turn, how entrepreneurs use these opportunities to develop new products or services, launch new firms or even new industries and create wealth. Recent advances stress the fundamentally uncertain nature of the entrepreneurial process because although opportunities exist, their existence cannot be discovered or identified prior to their actualization into profits. What appears as a real opportunity ex-ante might actually be a non-opportunity or one that cannot be actualized by entrepreneurs lacking the necessary business skills, financial or social capital.

The description above is licensed from Wikipedia under the Creative Commons license.

Add an image or video to this topic

No signin required

or

Processing...

Cancel

Best posts about this topic

Loading . . .

Ad

This article shows a clear difference between being a leader and a boss.... All Budding Entrepreneur must aspire to be a leader not a Boss.... A must read article for all people here

Contributed by Kaushal Gohil

Guess what ad popped up before watching this video

Contributed by Alex Rodriguez

Gooseberry Smoothie Recipe a quick and healthy breakfast on the go. If you need a natural energy, then Gooseberry Smoothie is the best answer. they have a high sugar content and perfect as a breakfast.

Contributed by FoodPin Up

Hank Green describes how he gets projects done and handle stress in the process. Do things. Minimize the amount of time you are doing nothing and maximize every moment you have.

Contributed by Shayna Rose Horowitz

25 audacious start-up companies, that began with entrepreneurs.

Contributed by Empriś Durden

This entrepreneurship couple took the successful concept of custom products, and applied it to the new medium of fabric. They also intelligently created a marketplace for users to sell their designed fabrics.

Contributed by Empriś Durden

The founder of Spanx, Sara Blakely, started out as an entrepreneur and is now a prominent female billionaire.

Contributed by Empriś Durden

This crochet artist/entrepreneur is extremely inspiring. Yokoo crochets 12+ hours a day and makes six figures. She actually artistically inspired me to make similar crochet scarves, but with a variation on shapes and style.

Contributed by Empriś Durden

The Youtube channel of an extremely solid entrepreneur.

Contributed by Empriś Durden

What is Sussle?

Sussle is the first, open visual encyclopedia. Anyone can use it.

What's a visual encylopedia?

It has beautiful images and viral videos that are way more fun than reading all the text in traditional encyclopedias.

5 reasons you should add your own images and videos:

  1. If you found Sussle interesting, then give back by adding something interesting for others.
  2. Help others learn in a fun way.
  3. Make someone else interested in this topic laugh or say wow!
  4. Become internet-famous as people like and share your post.
  5. It's super easy, so it won't take more than a minute.

Ready to start?

Just click on the red module above.