05-24-2024, 05:46 PM
To me, a business is an established entity focused on providing goods or services in exchange for profit. It operates within known parameters and typically follows a set business model. For example, a local bakery that has been running for years is a business.
Entrepreneurship, on the other hand, is more about innovation, risk-taking, and creating something new. It's the process of identifying opportunities, developing a vision, and bringing it to fruition, often with limited resources and high uncertainty. For instance, someone starting a food delivery app to revolutionize the industry is engaging in entrepreneurship.
Entrepreneurship, on the other hand, is more about innovation, risk-taking, and creating something new. It's the process of identifying opportunities, developing a vision, and bringing it to fruition, often with limited resources and high uncertainty. For instance, someone starting a food delivery app to revolutionize the industry is engaging in entrepreneurship.