What is Entrepreneurship?

Entrepreneurship means different things to different people. Some imagine tech geniuses with Silicon
Valley startups, while others picture small business owners opening up their shop doors on Main Street.
Ultimately, entrepreneurship encompasses these and many other business ventures that share a
commitment to turning an idea into a profitable business.

"Entrepreneurship is much broader than the creation of a new business venture," added Bruce
Bachenheimer, a clinical professor of management and executive director of the Entrepreneurship Lab at
Pace University. "At its core, it is a mind-set a way of thinking and acting. It is about imagining new
ways to solve problems and create value."

"An entrepreneur is someone who can take any idea, whether it be a product and/or service, and have the
skill set, will and courage to take extreme risk to do whatever it takes to turn that concept into reality and
not only bring it to market, but make it a viable product and/or service that people want or need," Gottlieb
said.

What is Entrepreneurship?: An entrepreneur is an individual who owns a firm, business, or venture,

and is responsible for its development. Entrepreneurship is the practice of starting a new business or
reviving an existing business, in order to capitalize on new found opportunities.

Generally, entrepreneurship is a tough proposition as a good number of the new businesses fail to take
off. Entrepreneurial activities differ based on the type of business they are involved in. It is also true that
entrepreneurial ventures create a number of new job opportunities. A large number of entrepreneurial
projects look for venture capital or angel funding for their startup firms in order to finance their capital
requirements. Besides, government agencies and some NGOs also finance entrepreneurial ventures.

Buying
A buying process is the series of steps that a consumer will take to make a purchasing decision. A
standard model of consumer purchase decision-making includes recognition of needs and wants,
information search, evaluation of choices, purchase, and post-purchase evaluation.
BUYING
A risky technique involving the purchase of securities with borrowed money, using
the shares themselves as collateral. Usually done using a margin account at a brokerage, and subject
to fairly strict SEC regulations.

is an investment transaction by which the ownership equity of a company, or a majority share of

the stock of the company is acquired. The acquirer thereby "buys out" the present equity holders of the
target company. A buyout will often include the purchasing of the target company's outstanding debt,
which is referred to as "assumed debt" by the purchaser.

What is a 'Buyout?'

A buyout is the purchase of a company's shares in which the acquiring party gains controlling interest of
the targeted firm. A leveraged buyout (LBO) is accomplished by borrowed money or by issuing more
 stock. Buyout strategies are often seen as a fast way for a company to grow because it allows the
acquiring firm to align itself with other companies that have a competitive advantage.

1. Purchase of the controlling stock or shares of a firm by its own management. If borrowed funds
are used in the buyout, it is called a 'leveraged buyout.'

2. Purchase by a publicly traded firm of its outstanding (held by the public) stock to thwart a
takeover attempt, or to take the firm off the stock market for converting it into a private company.

WHAT IS FRANCHISE?

Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its
trademark or trade-name as well as certain business systems and processes, to produce and market a good
or service according to certain specifications. The franchisee usually pays a one-time franchise fee plus a
percentage of sales revenue as royalty, and gains (1) immediate name recognition, (2) tried and tested
products, (3) standard building design and dcor, (4) detailed techniques in running and promoting the
business, (5) training of employees, and (6) ongoing help in promoting and upgrading of the products.

WHAT IS A FRANCHISE?
Franchising is simply a method for expanding a business and distributing goods and services through a
licensing relationship. In franchising, franchisors (a person or company that grants the license to a third
party for the conducting of a business under their marks) not only specify the products and services that
will be offered by the franchisees (a person or company who is granted the license to do business under
the trademark and trade name by the franchisor), but also provide them with an operating system, brand
and support.

Franchising is one of three business strategies a company may use in capturing market share. The others
are company owned units or a combination of company owned and franchised units.

Franchising is a business strategy for getting and keeping customers. It is a marketing system for creating
an image in the minds of current and future customers about how the company's products and services can
help them. It is a method for distributing products and services that satisfy customer needs.

Franchising is a network of interdependent business relationships that allows a number of people to share:

A brand identification
A successful method of doing business
A proven marketing and distribution system
Franchising is the practice of the right to use a firm's business model and brand for a prescribed period
of time. The word "franchise" is of Anglo-French derivationfrom franc, meaning freeand is used
both as a noun and as a (transitive) verb.[1] For the franchisor, the franchise is an alternative to building
"chain stores" to distribute goods that avoids the investments and liability of a chain. The franchisor's
success depends on the success of the franchisees. The franchisee is said to have a greater incentive than
a direct employee because they have a direct stake in the business.