analysis of entrepreneurship
Introduction
Entrepreneurship is a significant initiative of creating a brand new business s venture to generate a profit. Entrepreneurship is a step when people start implementing the business plan into reality. For example- bringing a new product, new service, and new life-changing opportunities in the market. Qualities required for entrepreneurship are- courage, decision-making ability, risk-taking capability, man-management skill, ability to understand the demand of customers, and reasonable skill of consumer behavior. The entire study will depict the importance of studying entrepreneurship, along with four research aims and two research questions. An analysis of entrepreneurship will clarify essential factors that should be considered while starting a business.
Significance of the study
The study about entrepreneurship is significant because it helps to explore various aspects of starting a business. It is essential to take a rational approach to explore multiple sides of ways of understanding the target market, customers, employees, and management. Entrepreneurship is an excellent opportunity to learn about all these. Apart from that, an analysis of entrepreneurship addresses the necessities of bringing new products and services to the market to create a new market base. It much emphasizes the national economy through their skills and initiatives. Moreover, it is a learning program for entrepreneurs who are aspiring to start a new business venture. Thus, the study is significant for new business aspirants.
Research aim
- To find out the role of entrepreneurship in starting a business
- To understand the strengths and limitations that entrepreneurs face while starting a business
- To find the impact of entrepreneurship on the target market
- To address critical factors of entrepreneurship
Research questions
- Does entrepreneurship impact on starting a new business venture?
- Does entrepreneurship emphasize the target market?