Entrepreneurship

The US United States is one of the world's most "industrial" nations because, from its beginning as an entrepreneur country, it has obtainable determined would-be business owner the occasion to be successful-and fail-at starting and organization new venture. In return for this support, the United States benefits inexpensively from entrepreneurs' ability to innovate and benefit from on this novelty. The reimbursement of entrepreneurship is threefold;

1. Entrepreneurs' innovations develop the excellence of life both at home and abroad.

2. Entrepreneurs generate new jobs across the financial system.

3. Entrepreneurs constrain financial growth and generate new wealth.

And certainly, some 95 percent of all essential innovations are attributable to small businesses.  Among these innovations are the aircraft, the heart valve, the helicopter, computer, the high-capacity soft contact lenses, and prefabricated lodging.1

This chapter starts with a profile of the typical "entrepreneur." It then discusses the procedure for identifying business areas emotional with entrepreneurial potential, as well as defining the various forms new businesses can take. Finally, these chapters provide an overview on how to write a business plan, and conclude with a discussion on financing for new venture.