Entrepreneurship and its Approaches – Entrepreneurship is about establishing a business through the unique and innovative idea and aim to capture a marketplace and profit for the company. Moreover, it could also be taken in a context where some product or service is introduced to bring social change or to solve any problem. Entrepreneurship is about people (entrepreneurs) who pledge to change the world from rational things through their innovation. The entrepreneurs are the ones that provide solution for the problems that occur every day, build something that leads the society into new dimension, or bring people together by introducing some new service.
Entrepreneurs usually start their businesses with hassle then eventually they set up sustainable and full-time businesses. Entrepreneurship is somehow related with creative destruction, creative destruction is about hoe some companies fail to sustain with their products and services in the market and the competitor company takes the opportunity and introduces and upgraded version of same products and services and capture the market.