What is entrepreneurship & economy? Who is an entrepreneur? Which are the qualities of an entrepreneur and which the advantages of being an entrepreneur? All the questions will find an answer in the general meeting on 13 may at the Andiamo New Hall where Mr. Patrick Bwanali will give an introduction lesson on the topic. All the students of all A.E.I. Schools are invited to join it.
A brief explanation of Entrepreneurship
Entrepreneurship is assuming responsibility and risk in designing and implementing a strategy with which to begin a
business. The individual is known as an entrepreneur, running a small business venture, assuming the risks and rewards from it, instead of working for another business as an employee. The entrepreneur combines "land, labor, and capital" with a particular idea or skill of his in order to run his business and offer its particular goods or services. There are inherent risks and potential losses involved, and also an opportunity for greater profit should the idea see success.
Entrepreneur frequently has the same meaning as founder. Some entrepreneurs are considered to be self-employed, although others may receive salary or wages from their company. At times, they may need to accept a high level of risk in different areas, such as financial, professional, or personal risks. Many entrepreneurships (or business ventures begun by the individuals) fail, at times leaving the entrepreneurs with significant losses.
Entrepreneurs are one part of an economy, and particularly receive focus in a capitalistic one. Taking ideas along with the resources they have at their disposal, they attempt to make the venture profitable. Additionally, other types of entrepreneurs exist: the political entrepreneur, the social entrepreneur, and others. Recently, new technology has led to classifications such as the Internet entrepreneur and the digital entrepreneur.
Other interesting links on the topic:
