Effective Guide to Entrepreneurship in the New Millenium
Economics classifies four resources essential to every production labor, land or natural resources, capital, and entrepreneurship . Entrepreneurs integrate these resources in product creation or delivery of services. They typically write business plans, employ workforces, secure all possible resources as well as financing, on top of overseeing the operation of the company. Today, entrepreneurs from different parts of the world offer variety of services and products to suffice the growing demands for human survival. Innovation is also associated with entrepreneurship to meet the improvements partaking the human existence. Also, entrepreneurship brought the world to where it is now. Increases in employment rates and economic developments were contributed by entrepreneurship. However, to be successful in entrepreneurship isn’t an easy task. There is no definite formula and timeline, yet with perseverance and visions. An entrepreneur can become successful. There are certain c...