Entrepreneurship Meaning and Concept

 In fact, there are many, many definitions of entrepreneurship, each of which deals with an aspect, feature, or characteristic of entrepreneurship

Here I will lay out a variety of entrepreneurship definitions, through which you can deeply understand the idea

Entrepreneurship is: a set of processes that start from the ability to find innovative solutions to the problems of a sector of the public, and the ability to start implementing these solutions through the establishment of an institution that attracts cadres with distinguished minds, and the ability to continuously develop and grow by adding permanent and continuous improvements

Entrepreneurship: The initiative to build unique and creative projects, and work to develop them, and exploit all possible opportunities, to achieve material profit from behind it, while bearing the risks resulting from that

Entrepreneurship is: a work behind a person who believes in an idea and has a passion for it, and is able to implement this idea in a way that makes the world a better place, and is able to influence those around him and make them believe in his idea, and then attract them to cooperate with him to develop this idea, and he is a person who is constantly hungry about developing his ideas And make adjustments to it to make it more successful and productive

Entrepreneurship is: a field of work that needs a certain type of thinking and action, and it needs a mindset capable of seeing life in a different perspective, so that exceptional opportunities can be found by thinking about the problems that people face, and devising solutions that provide value to others and help them improve their lives. On the other hand it offers exceptional profit opportunities

Types of entrepreneurship

They are the projects and institutions that their owners create for the sake of achieving financial profit only, by providing services or products, such as Amazon, Microsoft, Intel, and other companies in various different fields

Social entrepreneurship

It refers to organizations, institutions, and community initiatives concerned with contributing to solving community problems and issues, such as civil society organizations and charities. The success of this type of community entrepreneurial project is measured by the extent to which it achieves cultural, social, or environmental goals, such as its success in developing the community.

Political entrepreneurship

It refers to the institutions that their owners create with a clear political goal, such as establishing a political party to adopt issues in certain political directions, or to adopt a specific political issue, or to consolidate political influence of their owners, and to seek power through these institutions

Attributes  and characteristics of entrepreneurship

Entrepreneurial projects are distinguished by some of the features that distinguish them from traditional business, which make them an independent concept with a special nature. Here we will present a set of features that distinguish entrepreneurial ventures, through which you can understand the nature of entrepreneurship in a deeper and more familiar way.

The most important features of the entrepreneurial projects

Creativity and innovation

Entrepreneurship is based on finding solutions or filling needs in an innovative and creative way. From this standpoint, we cannot call any project (regardless of its size or level of profits) based on the traditional idea that it is an entrepreneurial project.

 Risk

Entrepreneurship contains a great deal of risk. This trait mainly follows on from the previous one, which is innovation and creativity. In fact, people by nature do not like change, and they need a lot of effort to adapt to the changes that surround them, so it is logical to find that there is a difficulty for the public to accept the innovative and creative ideas outside the box

Based on all of this, entrepreneurial projects often have a very high risk ratio, compared to traditional projects. Of course, this is evident through the statistics that acknowledge that the vast majority of entrepreneurial projects fail in their first year

Flexibility

Flexibility is the property by which it is possible to change the path when needed, whether it is a complete or partial change of path. In fact, flexibility is a prerequisite in the world of entrepreneurship, because new creative ideas constantly need more adjustments in order to fit reality. There are many entrepreneurial ideas that have succeeded only through modifications and changes that made them fit the real need of the target audience

Continuous development and sustainability

This feature is very important in the world of entrepreneurship, and it is the only guarantee for the continued existence of entrepreneurial projects. In fact, no one can deny that the world is changing, and as the world changes, the public’s needs, needs and priorities change.

Added value

In fact, we can only call a project a pilot without its ability to provide value to its audience. Yes, making profits is a strong and essential indicator for every entrepreneurial project, but entrepreneurial ventures are basically providing value in exchange for the profits they get. It is not surprising here to find that many people know about entrepreneurship is that it is a way and a way to make the world a better place