It is the process of identifying business venture, sourcing and organizing the required resources and taking both the risks and rewards associated with the venture.
Entrepreneurship can also simply be the act of being an entrepreneur or “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods”
Who is an entrepreneur? A person who organizes and operates a business venture he/she has identified.
According to Biography Online top 5 famous entrepreneurs are:
1.Thomas Edison (1847 – 1931)
Edison filed over 1,000 patents during his life. But, he also combined a rare inventor’s capacity to make them commercially viable. He made a fortune through the electric light bulb and other inventions such as the phonograph.
2.Richard Branson (1950-)
A high school drop out, Richard Branson founded the Virgin group of more than 400 companies. It all grew out of a small record shop in London. Branson said he became an entrepreneur by chance because he wanted to have some fun and do things better than existing firms.
3.Steve Jobs (1955 – 2011)
Steve Jobs was the co-founder of Apple Computers, and a leading exponent of the personal computer revolution. Jobs oversaw the development of key innovations in the mobile technology revolution such as iPhone, iPod and iPad.
4.Bill Gates (1955- )
Co-founder of Microsoft, Bill Gates helped revolutionise operating systems for personal computers, becoming one of richest persons on the planet. He now works full-time for his charitable foundation.
Along with Sergey Brin, is the co-founder of Google, which became one of fastest growing businesses of all time. Larry Page helped invent Page Rank which made Google most popular search engine.
Among many others.