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entrepreneurship

C2
noun

Pronunciation

UK

  • /ˌɒntrɪprɪnˈɜːʃɪp/

US

  • /ˌɑntrəprəˈnɜrʃɪp/

Description

Entrepreneurship is not just about making money. It is the act of seeing a need or a problem, coming up with an idea, and building something new to meet that need. It is more than simply being a business owner; it is the whole process of starting and growing something, often with risk, uncertainty, and a lot of hard work. It turns ideas into real products, services, and jobs. You may hear about it in places like Silicon Valley, but it can happen anywhere someone has a strong idea and the drive to follow it.

Examples

  1. 1

    College study

    She studied entrepreneurship in college and later opened a small bakery.

  2. 2

    City support

    The city offers grants and mentoring to encourage entrepreneurship among young people.

  3. 3

    Risk

    Entrepreneurship can be exciting, but it also comes with risk and uncertainty.

  4. 4

    Online business

    The university added a course on digital entrepreneurship for students who want to build online businesses.

  5. 5

    Social impact

    More people are interested in social entrepreneurship.

    • Phrase

      social entrepreneurship

      building businesses that also try to solve social problems

Forms and spellings

1 form open this card.

Main spelling

  • entrepreneurshipnoun