Many people equate being self-employed with being an entrepreneur. We suggest that few of us are entrepreneurs, but all of us are self-employed. To make the distinction, let us explore the requirements of entrepreneurship. Entrepreneurship is generally characterized by some type of innovation, a significant investment, and a strategy that values expansion. The entrepreneur is often quite different in mindset…
Tag: Entrepreneurship
Psychology Of Opportunity Business Success
Undeniably there are certain things that successful business people do with regards to opportunity that others do not. This may be perceived as almost a secret mode of the successful. The various literatures on entrepreneurship agree that there are certainly some traits that are adopted, either by instinct or deliberation. Innovation and entrepreneurship – what is the difference? Innovation is…
Entrepreneurship And The Business Environment
Everywhere you turn nowadays, you always hear about venturing into entrepreneurship. But what is entrepreneurship exactly? It is actually defined as the process wherein a group or an individual makes an effort to pursue opportunities to satisfy needs and wants through uniqueness and innovation. Some people have the misconception that entrepreneurs are gamblers in the sense that they take risks…