What is Entrepreneurship? Why Entrepreneurship is Important for us?

Hey what’s up guys, I am creating this tutorial for those who want to look his or her future in Entrepreneurship. 

Yes Entrepreneurship, as we know that the growth of any country depends upon the growth and development of industrialization.

Simply we know that the industrialization process result from the interaction of changes, development of sound infrastructure facilities like social transformation, transportation, power and Entrepreneurship.

Basically I am from India, The second largest population in the world and the positive thing is we have a large amount of educated youth. And educated youth plays a prominent role as an industrial work force, as workers, managers and entrepreneurs to achieve best results in industrialization fields.

Also in the age of competition and increasing population, one has to struggle hard to earn one’s livelihood. The employment opportunities have become so tight that it is difficult to find jobs these days. This has necessitated that young engineers and technicians should create self-employment by setting up small businesses concern. The much needed activity of setting up small industries is called an Entrepreneurship.

At no other time the need of Entrepreneurship has been more than what it is today under the prevailing employment and economic conditions in the country. It has been realized that to boost the national economy, entrepreneurship should be given top priority. The results of Entrepreneurship achieved in advance countries have been very promising.

We should focus our attention on entrepreneurship with special reference to its increasing need in our country under the prevailing circumstances.

There is no perfect line for entrepreneurship,Entrepreneurship is like who take risks of an enterprise, who organize, manage and assume market.

Entrepreneurship is the attitude of mind to take calculated risk with confidence to achieve a predetermined business or individual objective…..

It is like a composite skill, the resultant of many qualities and traits. These things includes imagination, readiness to take market risk, money risk, time investment risk, ability to bring together and put to use other factors of production and ability to scientific or technological advances.

The idea of entrepreneurship is quite old, but with the modern development it has been given scientific and economic concept. The prevailing supply and economic conditions have necessitated that one should take initiative for embarking upon one’s own business, keeping in view all the risks and uncertainties involved.

Hope you read carefully and understood the actual meaning of entrepreneurship, there is no perfect line of entrepreneurship. There is many ways to define Entrepreneurship.

In the next tutorial I will trying to describe more about it. In the last if you like this post then share to other computer lovers.

Have a Good Day….