Tuesday, 18 September 2012
Hi everybody,today we will be discusing on "what entrepreneurship is" and explaining any "two myths
of entrepreneurship and y it is a myth"
WHAT IS ENTREPRENEURSHIP?
According to Robert C.Ronstadt,Entrepreneurship means creating of wealth.
This wealth is created by individuals who assume risks in terms of time,equity or a product or
service.
TWO MYTHS OF ENTREPRENEURSHIP
Myth 1:Entrepreneurship is Unstructured and Chaotic
It is a myth because,Entrepreneurship does not lack a
visible order or a definite structure.Entrepreneurship is always organised.
Myth 2:Most Entrepreneurial Initiatives Fail
It is a myth because,Not all entrepreneurs fail.some
entrepreneurs are ready to embark on new ventures,they are ready to move
ahead even if they have failed before.
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