Entrepreneurship is the creation or extraction of economic
value. With this definition, entrepreneurship is viewed as change, generally
entailing risk beyond what is normally encountered in starting a business,
which may include other values than simply economic ones.
An entrepreneur is an individual who creates and/or invests
in one or more businesses, bearing most of the risks and enjoying most of the
rewards. The process of setting up a business is known as entrepreneurship. The
entrepreneur is commonly seen as an innovator, a source of new ideas, goods,
services, and business/or procedures.
More narrow definitions have described entrepreneurship as the
process of designing, launching and running a new business, which is often
similar to a small business, or as the
"capacity and willingness to develop, organize and manage a business
venture along with any of its risks to make a profit." The
people who create these businesses are often referred to as entrepreneurs. 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, government
policies, an economic crisis, lack of market demand, or a combination of all of
these."
In the field of economics, the term entrepreneur is used for an entity which
has the ability to translate inventions or technologies into products and services. In this
sense, entrepreneurship describes activities on the part of both established
firms and new businesses.
In this regard, Sakshi Malik Govt. College for Girls, Mokhra is working
towards inculcating quality education so that students at this college can
become future entrepreneur of the nation. Not only study of texts but college is
working round the clock for improving skills of students. Computer training, exposure
to softskills and communication are few fields on which college is working
round the clock.