Business Management for Engineers

Entrepreneurship is the ability and readiness to develop organize and run a business enterprise along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses. In economics entrepreneurship connected with land labour natural resources and capital can generate a profit. The entrepreneurial vision is defined by discovery and risk-taking and is an indispensable part of a nation’s capacity to succeed in an ever-changing and more competitive global marketplace. Entrepreneurship the advent of new venture particularly small ventures to materialize the innovative ideas of the entrepreneurs. Thus the growth or establishment of small enterprises is the specific contribution of entrepreneurship in every economy of the world. Entrepreneurship firms contributed a large share of new jobs. It provides entry-level jobs so necessary training or gaining experience for unskilled workers. The small enterprises are the only sector that generates a large portion of total employment every year. Moreover entrepreneurial ventures prepare and supply experienced labour to large industries.