Lecture on Importance of Entrepreneurship

Entrepreneurship is the process of starting a business or other organization. The entrepreneur develops a business plan, acquires the human along with required resources, and is fully responsible to its success or malfunction. This lecture briefly explain how entrepreneurship operates in the entrepreneurship ecosystem. Entrepreneurship is the process of creating something new with value by devoting the time and effort, assuming the accompanying financial, psychic and social risks, and receiving the resulting rewards of monetary and personal satisfaction