Entrepreneurship can be defined as the creation of a new business or enterprise.
Entrepreneurs play a significant role in the growth of job markets. With the creation of new business or industry comes the creation of new jobs. The United States has a significantly greater amount of entrepreneurial activity than in Europe. Thus earning your degree in Entrepreneurship can make you a viable candidate for employment worldwide
Entrepreneurship is a difficult undertaking because it takes a lot of work and planning to get a business up and running. That and many businesses don’t survive their first year. , The activity of entrepreneurs are different depending on the type of business is being started. Entrepreneurs risk their own capital, and services starting a new company. But the payoff for those who succeed is great. As an entrepreneur, you are your own boss, and therefore have to assume all responsibilities for your business. Being your own boss sounds great, but you have to realize that you will most likely spend and average of seventy hours a week on your start up business.
Facts:
Entrepreneurs generate 60- 80% of new jobs annually
Entrepreneurs are major contributors to the economy contributing more than half of the U.S.'s non-farm private sector gross domestic product
Entrepreneurial businesses produce 13 to 14 times more patents per employee than large patent-producing firms
Training:
Though formal education is not a prerequisite for becoming an entrepreneur, it is advisable that you make an investment in a formal education before you risk your capital on your new venture. Those who succeed in starting their own businesses tend to have a formal education. Degree programs in entrepreneurship offer an interdisciplinary curriculum to cover many topics that would be important top an entrepreneur. Course work in these programs will cover business management, economics, communications, finance, and sales. Additionally, taking classes in risk management, conflict resolution, and management will help you on your road to success. In an entrepreneur degree program, you can obtain experience and theoretical understanding which will best prepare you for the great undertaking of starting your own business.
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