Financial planning is a critical aspect of entrepreneurship. It involves creating a comprehensive strategy for managing your business's finances to…
Problems of Entrepreneurship Entrepreneurial activity is not a new concept, but still being started up as individual activity, has its…
What is Entrepreneurial Environment? The entrepreneurship environment refers to various facets within which enterprises- big, medium, small, and others operate.…
Entrepreneurial ventures provide independence, and autonomy to entrepreneurs. Entrepreneurship enables them to be their own masters. They get an opportunity to achieve something on their own.
The innovative theory is one of the most famous theories of entrepreneurship used all around the world. The theory was advanced by one famous scholar, Schumpeter, in 1991. Schumpeter believes that creativity or innovation is the key factor in any entrepreneur’s field of specialization.
An entrepreneurial culture consists of a group of individuals who have suppressed individual interests in an effort to achieve group success because group success will advance their individual interests.
What is Entrepreneurial Motivation? Motivation implies a driving force within individuals that gets them to act in the ways they…
The entrepreneurial process is a step-by-step method that every entrepreneur needs to follow for setting up an enterprise.
Schumpeter stated that entrepreneurs are adventurous innovators who act on their own will and introduce changes that others do not dare to experiment with. The types of entrepreneurs are classified in different ways by various authors.
The true entrepreneur is one who is endowed with more than average capacities in the task of organizing and coordinating the various other factors of production. He should be a pioneer, a captain of industry. The supply of such entrepreneurship is, however, quite limited and all are not endowed with such talent.
