What is a Business Entrepreneurship?
A Business Entrepreneur is an individual who starts and operates a business
while assuming the risks associated with it.
The entrepreneurship is combining of ideas, hard
work, and adjustment to the changing business market. Innovation is by far the
primary factor that governs the very creation of a Business Entrepreneurship. Innovations
can be services, products, and even processes. Innovations can also be anything
that introduces the inventions of new products that change the marketplace or
create a new marketplace.
Types of Business Entrepreneurship
Small Business Entrepreneurship: When it comes to small Business Entrepreneurship they know their
business and target audience. They make calculated decisions where the outcome
is clear and keep them moving forward.
Scalable Startup Entrepreneurship: In this type of entrepreneurship, entrepreneurs start with a
vision. With funding from venture capitalists, these types of entrepreneurship
aim are to find a scalable business model. Scalable startups only make up a
small proportion of all businesses due to the risk capital and outsize returns.
Large Company Entrepreneurship: A large company entrepreneurship focuses more on changing
customer needs and advanced technology.
India is the breeding ground for
innovations and is the third largest startup base in the world. For surviving
any business ideas, passion and dedication alone are not enough to keep
entrepreneurs going. A business also requires money which is generally given by
Venture Capitalists and Angel Investors.
Without adequate financing for
business, the startup is at the risk of imploding or going nowhere. In order to
limit risk and solve the problem, business owners usually seek financial help
from the outside. This can be in the form of debt or by Government Funding Schemes
for Startups in India, etc.
Government Funding Scheme for
Startups in India is a flagship initiative by Government of India to build a
strong ecosystem for startups. An environment that is conducive for the growth
of startup businesses, to generate large scale employment opportunities and drive
sustainable economic growth.
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