Essay: Entrepreneurship & Entrepreneurial Business
Entrepreneur is a person who takes risk to exploit opportunities and generate high revenues from such ventures through the creative use of innovation. “Entrepreneurship is the dynamic process of creating incremental wealth.
The wealth is created by individuals who assume the major risks in terms of equity, time and/or career commitment or provide value for some product or service” (‘Definition of Entrepreneurship Today’) Small business are usually established by people to generate a steady income and support themselves and their families, however an entrepreneurial business is one in which the entrepreneur takes risk to exploit the opportunities in the market and use innovation in a creative manner to make his business succeed. The type of business which is going to be run by Steve is going to be an entrepreneurial business as he would be providing e-books as well as hardcopy books both new and used as well as a trading facility through the online internet medium to the customers in the market.
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