Entrepreneurship is the act of creating a business or businesses while bearing all the risks with the hope of making a profit.

But as a basic definition, that one is a bit limiting. The more modern entrepreneurship definition is also about transforming the world by solving big problems like bringing about social change or creating an innovative product that challenges the status quo of how we live our lives on a daily basis.

Enterpreneurship is what people  do to take their career into their hands and lead it in the direction they want. 

It’s about building a life on your own terms. No bosses. No restricting schedules. And no one holding you back. Entrepreneurs are able to take the first step into making the world a better place—for everyone in it, including themselves.

Importance of enterpreneurship 

Entrepreneurs create jobs : Without entrepreneurs, jobs wouldn’t exist. Entrepreneurs take on the risk of employing themselves. Their ambition to grow their business eventually leads to the creation of new jobs. As their business continues to grow, even more jobs are created. 

Entrepreneurs innovate : Some of the greatest technologies in today’s society have come from businesses. Technological advances come from a need to solve problems, create efficiencies, or improve the world. In periods where there’s more advancement in technology, there’s usually an entrepreneur to thank for it.

Entrepreneurs create change : Entrepreneurs dream big—many aim to make the world better with their products, ideas, or businesses. So naturally, some of their ideas will make a worldwide change. They might create a new product that solves a burning problem or takes on the challenge of exploring something never explored before.

Entrepreneurs give to society : While some have a notion of the rich being evil and greedy, they often do more for the greater good than the average person. They make more money and thus pay more taxes, which helps fund social services. Entrepreneurs are some of the biggest donors to charities and nonprofits for various causes. Some seek to invest their money in creating solutions to help poorer communities have access to things we take for granted, like clean drinking water and good health care.

Entrepreneurs add to national income: Entrepreneurship generates new wealth in an economy. New ideas and improved products or services from entrepreneurs allow for the growth of new markets and new wealth. 

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