According to the document, entrepreneurship has expanded from for-profit businesses to include social entrepreneurship and political entrepreneurship. Entrepreneurship within large organizations is known as intrapreneurship. The term entrepreneurship is also used to describe a way of thinking that can lead to various types of entrepreneurial initiatives. The document also states that about half of working men in the United States will have some period of self-employment over one year at some point in their career, and about one in four may engage in self-employment for six years or more, according to Paul Reynolds. Entrepreneurship is also described as an important driver of economic growth in both the United States and Western Europe.

1. According to whom, in recent years, "entrepreneurship" has been extended from its origins in for-profit
businesses to include social entrepreneurship and the concept of the political entrepreneur.[? ]
Entrepreneurship within an current business or big organization has become known as intrapreneurship
and might include corporate and business endeavors where large entities whirl away subsidiary
agencies.[3] Business owners are executives prepared to acquire risk and exercise motivation, benefiting
from market place options by preparing, arranging, and making use of solutions,[4] often by innovating
new or improving present products.[5] More recently, the expression entrepreneurship continues to be
prolonged to feature a particular way of thinking (see also entrepreneurial state of mind) contributing to
entrepreneurial initiatives, e.g. such as societal entrepreneurship, governmental entrepreneurship, or
knowledge entrepreneurship. entrepreneurs
According to Paul Reynolds, founder of the Global Entrepreneurship Monitor, "by the time they reach
their retirement years, half of all working men in the United States probably have a period of self-
employment of one or more years; one in four may have engaged in self-employment for six or more
years. Taking part in a whole new enterprise design is a type of process amongst United states
employees during the period of their professions."[6] In recent times, entrepreneurship has been stated
as being a significant motorist of economic growth in equally the United States and Traditional western
The european union. Entrepreneurial routines be different drastically dependant upon the form of
organization and creativity involved. Entrepreneurship ranges in scale from single, part-time jobs to
huge-range undertakings that create numerous work. A lot of "great worth" entrepreneurial projects
seek out enterprise money or angel financing (seed funds) to be able to raise capital for constructing the
business.[7] Many businesses exist to aid would-be internet marketers, including professional
government agencies, company incubators, scientific research parks, and several NGOs.