Basic Concept of Entrepreneurship in 2024

To perfectly meet customer demand. The entrepreneur must be able to establish, administer and succeed to make profits in a startup venture along with risk entitled to it. Capable to make profits. The concept of entrepreneurship is to replace the old ideas in the market by new ideas. The entrepreneur is a source of new ideas or innovators.The primary aim of an entrepreneurship is to introduce a new product in the market. The secondary aim is to get a profit. It will build better financial stability and financial freedom to the entrepreneur. It will also enhance the economic growth of the nation. The concept of entrepreneurship actually helps to achieve specific goals such as profitability, sustainability, or positive impact on society.