ENTERPREPEURSHIP

INTRODUCTION
Entrepreneurship is the implementation of an individual's talent in the resources in which he is available with; and expanding these resources in the future so that one can get individual as well as general i.e. social success. It comes from the French verb 'entreprendre' which means 'to undertake.' Entrepreneurship is the act and art of being anentrepreneur or one who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses (referred as Startup Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. When entrepreneurship is describing activities within a firm or large organization it is referred to as intra-preneurship and may include corporate venturing, when large entities spin-off organizations

MEANING
Entrepreneurial activities are substantially different depending on the type of organization and creativity involved. Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only parttime) to major undertakings creating many job opportunities. Many "high value" entrepreneurial ventures seek venture capital or angel funding (seed money) in order to raise capital to build the business. Angel investors generally seek annualized returns of 20-30% and more, as well as extensive involvement in the business.[5]Many kinds of organizations now exist to support would-be entrepreneurs including specialized government agencies, business incubators, science parks, and some NGOs. In more recent times, the term entrepreneurship has been extended to include elements not related necessarily to business formation activity such as conceptualizations of entrepreneurship as a specific mindset (see also entrepreneurial mindset) resulting in entrepreneurial initiatives e.g. in the form of social entrepreneurship, political entrepreneurship, or knowledge entrepreneurship have emerged

What is entrepreneurship? You probably think that the answer is obvious, and that only an academic would bother to ask this question. As a professor, I suppose I am guilty of mincing words. But like the terms "strategy" and "business model," the word "entrepreneurship" is elastic. For some, it refers to venture capital-backed startups and their kin; for others, to any small business. For some, "corporate entrepreneurship" is a rallying cry; for others, an oxymoron.

DIFINITION
The Road to Self Sufficiency guide defines entrepreneurship as: the process of finding and evaluating opportunities and risks, and developing and executing plans for translating those opportunities into financial self-sufficiency." Among the many definitions of entrepreneurship, there are some commonalities such as the following:

Entrepreneurs have certain identifiable personality traits including risk taking, commitment, vision, and perseverance. Entrepreneurs undertake certain identifiable activities such as evaluating and developing ways to manage risk in order to gain a payoff. Entrepreneurs work alone or with only a few others to achieve an outcome.

Entrepreneurs gain outcomes as a result of their activities such as a new business venture or wealth