Entrepreneurship is described as the process of designing, launching and creating a new business. The entrepreneurs who create new businesses can be described as having the interest, capacity, and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

Although definitions typically focus on the launching and running of businesses, entrepreneurship may be more broadly defined as the ability to find and act upon opportunities to translate new ideas, innovations, or technology into new products, services, or enterprise. In this sense the idea covers innovative enterprise on the part of established businesses and non-profit community enterprises.

The entrepreneur recognizes the potential of a new idea, innovation, or technology and organizes the capital, talent, and other resources needed to turn it into a commercially viable sustainable enterprise.

edited from Wikipedia

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