Opportunities for entrepreneurs in the booming Luxury Industry of India
The word entrepreneur originates from the French word, entreprendre, which means “to undertake.” In a business context, it means to start a business. The Merriam-Webster Dictionary presents the definition of an entrepreneur as one who organizes, manages, and assumes the risks of a business or enterprise.
What is entrepreneurship?
A business model in which you create your own business entity and perhaps hire a few people is entrepreneurship. Over and above all, entrepreneurship is a mindset which makes you think beyond the normal. A craving, a desire and an ambition to break past the set norm and create a unique identity for oneself and his enterprise. Entrepreneurship is also a process of new venture creation.
Who is an entrepreneur?
Someone who wants to self-employed and also generates employment for others is an entrepreneur. Someone who wants to be his own boss is an entrepreneur. Someone with a vision, a passion for his product or service and a deep determination to succeed against all odds is an entrepreneur. So we can summarise that
- ‘ An entrepreneur is someone who organises, manages and assumes the risk of a business entity, enterprise and or identity in either goods or services sector’.
- ‘Entrepreneurs are people that notice opportunities and take the initiative to mobilize resources to make new goods and services.’
- “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods”.