<P> Entrepreneurship has been described as the `` capacity and willingness to develop , organize and manage a business venture along with any of its risks in order to make a profit '' . While definitions of entrepreneurship typically focus on the launching and running of businesses , due to the high risks involved in launching a start - up , a significant proportion of start - up businesses have to close due to `` lack of funding , bad business decisions , an economic crisis , lack of market demand -- or a combination of all of these . </P>
<P> Entrepreneurship has been described as the `` capacity and willingness to develop , organize and manage a business venture along with any of its risks in order to make a profit '' . While definitions of entrepreneurship typically focus on the launching and running of businesses , due to the high risks involved in launching a start - up , a significant proportion of start - up businesses have to close due to `` lack of funding , bad business decisions , an economic crisis , lack of market demand -- or a combination of all of these . </P>
the willingness to take risks to create and operate business is known as
the willingness to take risks to create and operate business is known as
Entrepreneurship
Entrepreneurship