| Items | Entrepreneur | Entrepreneurship |
|---|---|---|
|
Definition |
An individual who starts and manages a business venture with the aim of making a profit. |
The process of starting, managing, and growing a business venture. |
|
Focus |
On the individual. |
On the activities related to starting and growing a business. |
|
Primary Goal |
To make a profit. |
To create value and solve problems for customers. |
|
Types |
There is only one type of entrepreneur. |
There are different types of entrepreneurship such as traditional, social, rural, tech, and franchise entrepreneurship. |
|
Skills |
Creativity, risk-taking, leadership, passion, perseverance, and confidence. |
A range of skills including marketing, finance, operations, and management. |
|
Characteristics |
Passion, perseverance, self-motivation, confidence, and networking. |
Innovation, risk-taking, resourcefulness, and adaptability. |
Entrepreneurship is a vast field that encompasses a wide range of activities related to starting, managing, and growing a business. An entrepreneur is an individual who initiates, organizes, and manages a business venture with the aim of making a profit. To be a successful entrepreneur, you need to possess a unique set of skills and characteristics, including creativity, risk-taking, leadership, passion, perseverance, and confidence. By understanding the differences between entrepreneur and entrepreneurship and leveraging the right type of entrepreneurship, Indian startups can overcome the challenges and take advantage of the opportunities in the market.
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