What is Entrepreneurship?

What is entrepreneurship and what does it mean?
asked Dec 17, 2012 in General Business by answernest

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Entrepreneurship is a French term used to describe the act of creating and running a business.
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Entrepreneurship is difficult because the failure rate is high.  Many new entrepreneurs fail to anticipate the most common issue all new businesses face - how long it takes to get their first customer.

It can be as long as 6 months or up to a year before a budding entrepreneur would see his first customerThe majority of new businesses fail because the entrepreneur thinks he will have customers beating down his door the moment he starts up.
answered Dec 17, 2012 by answernest