Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs[1][need quotation to verify][2]

Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit".[3] While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of all of these.[4]

  1. ^ AK Yetisen; LR Volpatti; AF Coskun; S Cho; E Kamrani; H Butt; A Khademhos\\seini; SH Yun (2015). "Entrepreneurship". Lab Chip. 15 (18): 3638–3660. doi:10.1039/c5lc00577a. PMID 26245815. 
  2. ^ Riitta Katila, Eric L. Chen,, and Henning Piezunka (7 June 2012). "All the right moves: How entrepreneurial firms compete effectively" (PDF). Strategic Entrepreneurship Jnl. 6 (2): 116–132. doi:10.1002/sej.1130. Retrieved 18 May 2017. 
  3. ^ "Business Dictionary definition". Business Dictionary. 
  4. ^ Belicove, Mikal E. (2 August 2012). "How to Properly Close Your Business". 

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