Entrepreneurship Derives from the French words entre , meaning “between ,” and prendre , meaning “to take .” Originally used to describe people who “take on the risk” between buyers and sellers or who “undertake” a task such as starting a new venture. Therefore, Entrepreneurship is defined as the process by which individuals pursue opportunities without regard to resources they currently control for the purpose of exploiting future goods and services. E stablished firms with an orientation toward acting entrepreneurially practice corporate entrepreneurship .
Other reasons:- Their creativity doesn’t fit the corporate environment. They want a lifestyle that isn’t bound to nine to five. They’re passionate about learning. Their ideas are unconventional. They want to do things. They want to change the world.
Types of Start-Up Firms
Changing Demographics of Entrepreneurs
Women Entrepreneurs
Women and Entrepreneurship in India 2019- Survey
Minority Entrepreneurs
Senior Entrepreneurs
Young Entrepreneurs 1. 2. 3. 4. 5.
6. 7. 8. 9. 10.
Positive Effects Process of creative destruction takes place. Innovation. Job creation. Launch of new and improved products and services. Improvement in health and lifestyle. Easy life. Enhanced productivity Sometimes they act as a source of minute and basic materials for big firms.
Negative Effects One person, Many roles! No fixed time for work. Professional-Personal life disbalance . A non-regular pay check is scary. Origin of a new kind of stress.