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It may be a small business that started in home or could be a big enterprise also.
Definition of entrepreneur and entrepreneurship. An entrepreneur creates a firm which aggregates capital and labor in order to produce goods or services for profit. The word entrepreneur originates from the french word entreprendre which means to undertake in a business context it means to start a business. The world of entrepreneurship is constantly changing as well as its definition. The merriam webster dictionary presents the definition of an entrepreneur as one who organizes manages and assumes the risks of a business or enterprise.
On the other hand entrepreneurship which refers to the process of establishing a business entity intending to get profit as a return in future. Entrepreneurship is an important driver of economic growth and innovation. But its core definition is still there. Entrepreneurship is the process conducted by an entrepreneur of launching a new business and running it properly to make it effectual.
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