“Entrepreneurship is about turning what excites you in life into capital, so that you can do more of it and move forward with it” - Richard Branson. Entrepreneurship refers to the concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world. In simple words, it is the willingness to start a new business. Entrepreneurs and Entrepreneurship are considered as important drivers of the economic growth of any nation. The main importance of entrepreneurship is the creation of job opportunities, innovation and improves the economy. The newly innovated or improved products, services or technology that an entrepreneur creates enable new markets to be developed and new wealth to be created. This in turn has a long term impact not only for the entrepreneur but also on the overall growth of an economy. In addition to that, the increased employment and higher earnings contribute to better national income in the form of high tax revenue and higher government spending. The presentation gives better understanding on the topic.

Prachi Garg

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