SKR Startup
Concept, Functions, and Importance of Entrepreneurship Entrepreneurship 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. Functions The functions of an entrepreneur include decision-making, hiring and employee management, business risk management and business operations management . Entrepreneurs also handle idea generation, business financing, business plan development, company culture building and public relations. Importance Entrepreneurship usually plays a key part in contributing to the country's national economy by generating wealth and paying taxes , which generally adds to a country's gross domestic product (GDP). Entrepreneurs not only invest their own money, but they also draw money from the market. REAL LIFE EXAMPLE Indian Accent (restaurant) Indian Accen...
