Entrepreneurship is the process of starting a business or other organization. Entrepreneurship is an important engine of growth in the economy. Every business, large or small, must be entrepreneurial in order to survive. Innovative thinking has replaced “do it our way” as the rallying cry of the corporation. Entrepreneurs are pioneers, innovators, leaders and inventors. They are at the forefront of technological and social movements – in their fields, in their forward thinking, in their desire to push the envelope. They are dreamers and most importantly – doers. They act as the manager and oversee the launch and growth of an enterprise. Entrepreneurship is the process by which an individual (or team) identifies a business opportunity and acquires and deploys the necessary resources required for its exploitation. The exploitation of entrepreneurial opportunities may include actions such as developing a business plan, hiring the human resources, acquiring financial and material resources, providing leadership, and being responsible for the venture’s success or failure.
Entrepreneurship typically operates within an entrepreneurship ecosystem which often includes government programs and services that promote entrepreneurship and support entrepreneurs and start-ups; non-governmental organizations such as small business associations and organizations that offer advice and mentoring to entrepreneurs; small business advocacy organizations that lobby the government for increased support for entrepreneurship programs and more small business-friendly laws and regulations; entrepreneurship resources and facilities; entrepreneurship education and training programs offered by schools, colleges and universities; and financing (e.g., bank loans, venture capital financing, angel investing, and government and private foundation grants). Nurturing entrepreneurship can have a positive impact on an economy and a society in several ways. For starters, entrepreneurs create new business. They invent goods and services, resulting in employment, and often create a ripple effect, resulting in more and more development. This book aims to provide a knowledge about the process of creating and growing a new venture. This lean, focused book concentrates on giving readers a clear understanding of entrepreneur and entrepreneurship while providing a broad survey of all the major topics of the field. The book is written in a clear, friendly style that progresses step-by-step through all of the major topics.
Bryon Peralta is a Business Advisor for Economic Development Organizations across Europe. He has received his Ph.D. in Business Administration from Public State University, Lisbon. His research interest areas include organization behaviour, planning in organization, workforce motivation, and business and society. He has written several research papers, reports, articles and journals on topics include business administration, policy making, business ethics and more. He has been an eminent speaker in seminars across Europe, United States, Canada and Middle East.
