Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.

Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its r...isks 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.

A broader definition of the term is sometimes used, especially in the field of Economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technology into new products: "The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation." In this sense, the term "Entrepreneurship" also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.
More

Subcategories from this category:

Startup

Everything you need to know about car sharing

If you live in a big city, you've probably seen cars with Cars2Go, ZipCar or Turo logos driving around. These brands are part of a fast-growing trend that lets you "rent" a shared car whenever you need it. Whether you're going grocery shopping or getting across town for an interview, using a shared car is a unique alternative to owning (and paying for) your own car. Car sharing is a big win for anyone with an environmental conscience –– just one shared car eliminates the need for up to 20 person...
Continue reading
Tags:
  0 Comments

10 tips on creating HR processes and policies for startups

You're a go-getter. You've spent months, if not years, getting your startup off the ground. If you're like most entrepreneurs, you've done most of it on your own. But, regular tasks like recruitment, hiring, payroll, benefits plans and employee care are slipping away from you, and there's that nagging voice in your head that's telling you that you need some help. Yet, you don't think your startup is quite big enough for an HR (human resources) department. So, what do you do? In this article, we'...
Continue reading
  0 Comments

5 ways to improve employee motivation & productivity with e-learning

One of the major reasons why people leave their jobs or feel unsatisfied with their current work position is routine. Doing the same thing every day, even if you're good at it, can kill productivity and leaves the person behind the job feeling stuck. Another reason behind the work routine is micromanagement. When you don't trust your employees with empowering tasks, you take away from their confidence. In time, this leads to boredom, a no-creativity work environment and finally, low productivity...
Continue reading
  0 Comments

5 signs it's time to outsource accounting

Taking care of your startup's accounting functions in-house can not only be a headache but a time-consuming task that eats up a lot of your resources. Whether it's payroll, accounts payable, accounts receivable, credit card reconciliation, inventory and budget reports, bank reconciliation, or payroll reconciliation, accounting can often be too much for the small startup to handle. How do you know you need help? Here are five signs it's time to outsource accounting. #1: You have no time left for ...
Continue reading
  0 Comments

12 cognitive biases that impact your finances

Making financial decisions is hard. So hard, in fact, that 7 in 10 Americans admit to postponing making major financial decisions. The stress that comes with potential repercussions of our decisions lead us to commit errors in thinking called cognitive biases which affect our judgement and decision-making skills. They cause us to hold on to our own preferences and beliefs instead of assessing our situation from a more rational standpoint. Cognitive biases can wreak havoc on our financial lives —...
Continue reading
  0 Comments

Why your startup needs an employee handbook

An employee handbook is vital to the success of your startup. But, perhaps you're wondering why your startup needs an employee handbook and when it's appropriate to create one. Two of the simplest reasons you need one are for the creation of processes and policies and to facilitate benefits administration. Let's look at these reasons as well as a few others, but first, let's discuss when you need one.   When do you need a handbook? While there's no one-size-fits-all answer, it's the best pr...
Continue reading
  0 Comments

Digitalization: the path to employee engagement

The Robots are Here: Good news – for employees While robots which vacuum the carpet, mow the lawn or deliver lunch are cute time savers, their possible entry into the workplace can be scary. Employees who have spent years performing a routine task can be threatened by the idea of technology taking over their job. People in customer facing roles (cashiers, bank tellers, check-in agents) may argue that use of self service or remote interfaces 'dehumanizes' the company. Business leaders today know ...
Continue reading
  0 Comments

Does your startup need cyber liability insurance?

As a startup, you know you need general liability insurance, property insurance, and workers compensation insurance, but have you ever considered cyber liability insurance? What is cyber liability insurance Cyber insurance generally covers your startup's liability for a data breach that can involve private, sensitive customer information such as social security numbers, credit card numbers, account numbers, addresses, health records and driver's license numbers. When hackers gain this informatio...
Continue reading
  0 Comments

Commuting benefits companies need to offer in 2019

Americans' commutes are getting worse every year and employees are starting to weigh their options. With the high price and stress of long commutes, much of the workforce is willing to take pay-cuts just to avoid an added 20 minutes to their trip home from work. The focus on a healthier commute is leading to talented workers choosing jobs that allow them flexibility and reimbursements when it comes to their commute and employers need to take notice if they want to retain those high value workers...
Continue reading
  0 Comments

5 employee benefits small companies can offer new employees

Your startup is in its early stages, or perhaps you've been in business for a while, and you're ready to hire employees. Have you thought about how you'll hire the best ones? The most beneficial thing for your startup and your employees is to offer a healthy benefits package. In this article, we look at five employee benefits small companies can offer new employees, but first let's look at why you should offer benefits at all.   The reasons you should offer benefits Yes, offering perks to y...
Continue reading
  0 Comments

From the Community

Pinned Items
Recent Activities
There are no activities here yet

Join Today!

  • #ShapingtheOdds is completely free to join and use, and community members buy into the pay-it-forward philosophy of openly sharing help, knowledge, ideas and advice to fellow community members. 

    Register below, or read more here!

  • We recommend that you register and log in using the Facebook button.