The document defines entrepreneurship through several perspectives. Entrepreneurship is defined as bearing uncertainty and risk to generate profits, carrying out new combinations such as new products or markets, and applying energy and passion to create and implement new ideas. Entrepreneurship involves conceiving opportunities, pursuing opportunities through initiative and planning, and mobilizing resources to realize opportunities. It also involves encountering risk and uncertainty, as well as potential economic and personal rewards. An entrepreneur is an individual who takes on the risks associated with starting and owning a business.