Definition: Entrepreneurship is when someone comes up with an idea and takes the initiative to make the idea a reality.
Key Takeaway: When you're an entrepreneur, you can have the chance of a large payoff in profits and satisfaction, but you can also take on your business's financial and reputational risk.
Fun Fact: If you want a good luck charm for your new business, start it in a garage. Companies that reportedly started in garages include Apple, Amazon, Google, and Disney.
Watch the video below for another look at this concept.
Entrepreneurship (GCL Learn Free)