2. Entrepreneurship
is the act of being an entrepreneur or "one who
undertakes innovations, finance and business
acumen in an effort to transform innovations into
economic goods“.
This may result in new organizations or may be
part of revitalizing mature organizations in
response to a perceived opportunity.

3. is the process of exploring the opportunities in the
market place and arranging resources required to
exploit these opportunities for long term gain.
It is the process of planning, organizing,
opportunities and assuming.

4. Entrepreneurs
 Have many of the same character traits as leaders,
similar to the early great man theories of
leadership; however trait-based theories of
entrepreneurship are increasingly being called
into question.
 Entrepreneurs are often contrasted with managers
and administrators who are said to be more
methodical and less prone to risk-taking.

6. It has assumed super importance for accelerating
economic growth both in developed and
developing countries. It promotes capital
formation and creates wealth in country.
It is hope and dreams of millions of individuals
around the world.
It reduces unemployment and poverty and it is a
pathway to prosper.

8. Entrepreneurs enjoy the freedom of making their
own business decisions and becoming their own
bosses.
In addition, they also gain the stability and control
that could never be achieved as a regular
employee.

10. 1.) Excitement: compared to being regular
employees, entrepreneurs enjoy much excitement
beginning from the planning stage of the business
up to development and realization. Thrill-seekers
obviously love being entrepreneurs as they are
exposed to too much risk. You should never forget,
that all business risks that you agree on taking,
should be calculated.

11. 2.) Salary Potential: most people who are
employed generally feel that they are not being
compensated for the work they do. In addition,
they must follow the salary structure set by their
employers. Entrepreneurs, on the other hand,
earn money that is commensurate to their efforts.

12. •
3.) Flexibility: having control of work
schedules and commitments makes the life of
these entrepreneurs enviable. They are able
to take vacations anytime and spend much
quality time with their families.

13. 4.) Independence: for people who love the idea of
not being answerable to anyone else but
themselves, becoming an entrepreneur would
surely be wonderful. They would be able to make
decisions without the pressure of getting fired.

15. 1.) No Regular Salary: when you start a
business, you should be prepared to leave
behind the security of having a paycheck each
month. Even successful entrepreneurs
experience lean months when all financial
resources are being taken up by the new
business.

16. 2.) Work Schedule: although they have the
luxury of a flexible schedule, entrepreneurs
also make sacrifices especially during
situations that require them to work longer
hours. Unlike regular employees who are not
worried too much about the status of the
business, entrepreneurs must make sure that
everything is going well.

17. 3.) Administration: because they own the
business, all major decisions are made by
entrepreneurs. This is quite a burden and
handling such responsibility is quite difficult.
Every decision directly affects the future of
their businesses and avoiding costly mistakes
is imperative.