What is Entrepreneurship?
Entrepreneurship is an activity which is done by a person to bring out the social change in the world, by innovative technologies, services, products, etc.
In a more formal definition, Entrepreneurship is the activity of setting up a business or businesses, taking on financial risk in the hope of profit.
Hence, entrepreneurship is an act by which a person became independent and lives a life on his/her terms and conditions. Entrepreneurship is about being your boss.
Who is an Entrepreneur?
An entrepreneur is a person who brings about changes for the betterment of society.
An entrepreneur is someone who sees the world from a different angle. An entrepreneur is a risk-bearer, organizer, and innovator.
Entrepreneur as a risk-bearer–
As a risk-bearer, an entrepreneur is the one who buys certain factors of production changes them into a product and sells them at uncertain prices in the future. There is uncertainty about the prices, which is not an ordinary risk that can be insured therefore the entrepreneur is a risk-bearer.
Entrepreneur as an organizer-
As an organizer entrepreneur combines the labor, land, capital other resources to make a product. After selling this product in the market and subtracting all the receipts which remained is the profit.
Entrepreneur as an innovator–
As an innovator entrepreneur is the one who introduces a product, a service or a technology in the existing one to improve the lives of the people.
Example of Entrepreneurs–
Every entrepreneur has a different vision to see the world to find out the best opportunity for them as well as for the improvement of society.
Many successful entrepreneurs influence the world in different ways because as every individual is different, every entrepreneur is different.
Steve Jobs will always be the most famous and successful entrepreneur in the world. He formed an apple computer company. Jobs’ inventions have been a boon in technology. He passed away with a net worth of over $8.3 billion.
Oprah Winfrey is one of the most successful lady entrepreneurs in the world. She is the richest African-American woman. Despite having a past full of thorns she never gave up in life. Now she owns a cable network company named OWN meaning Oprah Winfrey Network. She acquired the name “queen of all media”. She is the only multi-billionaire in American history possessing a net worth of 2.9 dollars.
Elon Musk, who doesn’t know about him. He is one of the most influential South African born American. He launched his first company Zip2 Corporation, in 1995 with his brother, Kimbal Musk and X.com in 1999 which later became PayPal.
In 2002, he founded SpaceX which is a huge success.
These are some of the examples of the most influential entrepreneurs, who are trying to bring a revolution into the world.
Traits of the entrepreneurship–
• Creative thinking– creativity is an important characteristic of an entrepreneur. A creative mind thinks about new ideas. Instead of blaming the situation, they find a solution to a particular problem. They have amazing imagination power. They think that every product, service has a scope of improvement.
• Embrace changes– successful entrepreneurs are very flexible about the changes. They are always ready for the changes and take the advantages out of the situations.
• Hard work vs smart work– Entrepreneurs know when to work hard and when to work smart. They know that neither of the two can substitute each other.
• Use money wisely– Money management skills of the entrepreneurs should be very good. They should know where, when, how much to invest.
• Vision – successful entrepreneurs know everything about their business- why the organization exists, how a product or a service will bring a difference to the existing one, in which market is to be launched.
• Maintain the consistency– successful entrepreneurs are always consistent with their work. They know that success can’t be achieved overnight. They should not give up on the tough situations.
There is a famous saying by an entrepreneur –
“Tough times never last, but tough people do.”- Robert H. Schuller.




According to rabindranath Tagore “Women is god’s best creation”.she adds beauty, grace and charm to every aspect of life. Sadly enough, she has been neglected and her virtues glossed over by the predominant male society. Prejudice against women occupying positions of leadership are fast disappearing and their traditional role of gender objects are being rejected. The male dominated milieu whether social or political, is no longer gratifying. It is plagued with bloodshed, vengeance, envy and immorality. Communalism, fundamentalism violence and tensions have made peace and harmony with the things of the past. The world is permeated by chaos today. Only the benign and elevating presence of women on the top can bring in semblance of order in the present situation. Emotional, Afficianate, caring and yet firm, a woman is the perennial source of inspiration for man, in his Odyssey of life. She can definitely free the present world of its ugliness. Women like golda mir, indira Gandhi, Margaret Thatcher and others like them have left a permanent imprint on the history of the present and the last century. In the past, women like joan of arc and lakshmi bai have proved the strength of their convictions. They are no longer frail and untrustworthy and have risen far above from the drudgery. Today’s empowered women remind me of Lord Byron, who onces said “there is a tide in the affairs of women God knows nowhere”! That takes off point has been reached now, the point where they should express and assert their identity and actively be allowed to participate in all sphere . Once this is done the world will certainly be a better place to live in.
A lone traveler was passing through a desert on a hot day. He was tired, feeling thirsty and hungry too.At least, he needed a shady spot to rest for a while. A big leafy tree came into view at some distance away. He felt glad and said to himself, “Had I water to drink, now.” Yes, he found a tumbler full of cold water on the ground right in front of him. He sat down there and started sipping the water. Then, he wished “Had I something to eat, right here.” Immediately, a variety of dishes appeared before him. He was under the shade of Kalpa – Vriksha – a magical tree. That was the wishing tree.Whoever was under it would have whatever he wished for! The traveler enjoyed the delicious food. He felt drowsy. He wished for a nice bedstead. It was granted. He stretched himself comfortably on the soft mattress. His legs ached, as he had walked a long distance. He hoped that someone would massage his feet. Yes, a young lady appeared near his feel. She started massaging his feet and legs. He soon fell asleep. After a long time he woke up.The lady was still sitting beside him. He now started thinking differently. “How can things happen like this? Can I have things, I wished for, by merely asking for them?” Is it some kind of a trick played by a magical demon” he doubted. Oh, a true demon appeared in place of the nice lady! The demon was laughing mischievously at him. The traveler said to himself, “Is he going to eat me up?” Within no time the demon started leaping at him, with his mouth wide open. The frightened traveler took to his heels and ran away.He ran and ran for long. When he looked back there was no demon. “What is all this? Did things really happen? Or was it all mere a dream?” the traveler started wondering. “Perhaps, almighty grants what one has in mind.” He resumed his journey.