entrepreneurship
C2Pronunciation
UK
- /ˌɒntrɪprɪnˈɜːʃɪp/
US
- /ˌɑntrəprəˈnɜrʃɪp/
Description
- starting something new
- building a business
- risk-taking
- solving problems
- creating value
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.
Entrepreneurship is the process of designing, starting, and running a new business, often from a simple idea and with limited resources at the beginning. But it means more than just opening a shop or creating a company. It also describes a way of thinking: noticing opportunities, taking sensible risks, solving problems, and trying to build something useful.
The word comes from the French verb entreprendre, meaning "to undertake." In the past, this idea was not always only about profit. It also described people who took action to fill a gap, serve a community, or create something that did not exist before. Today, making money is often part of it, but entrepreneurship can also include social enterprises that aim to help people or the environment.
It is not limited to tech startups. You can see it in a local bakery, a freelance service, a family business, a factory, or an online store. It usually calls for creativity, leadership, basic money sense, and the ability to keep going when things are difficult.
The word is used in many contexts. People talk about the rise of entrepreneurship in a city or country, support for young entrepreneurs, or entrepreneurship education in schools and universities. It is an important idea in business, economics, and public policy because it helps create new services, new jobs, and new ways of doing things. In the end, entrepreneurship is about turning an idea into something real and valuable through effort, judgment, and persistence.
Examples
- 1
College study
She studied entrepreneurship in college and later opened a small bakery.
- 2
City support
The city offers grants and mentoring to encourage entrepreneurship among young people.
- 3
Risk
Entrepreneurship can be exciting, but it also comes with risk and uncertainty.
- 4
Online business
The university added a course on digital entrepreneurship for students who want to build online businesses.
- 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