Entrepreneurial Development

The concept of entrepreneurship has been for a very long time. In the last decade it has resurged as if a new modernization has been prepared. Usually anyone who runs an industry is called an entrepreneur. The more exact meaning of entrepreneur is one who creates his own business i.e. a person who organizes operates and assumes the risk of a business project. An entrepreneur is a human being who perceives a need and then brings together manpower material and investment essential to meet that need. Entrepreneurship is a creative and pioneering response to the environment. It is also the process of setting up a new venture by the entrepreneur. Entrepreneurship is a composite skill that is a mixture of many qualities and characteristics such as thoughts risk-taking ability to harness factors of production i.e. land labour technology and various intangible factors.