This focuses on recognizing a business opportunity, starting a business based on the recognized opportunity, and operating and maintaining that business.

In the history of business, entrepreneurship has been responsible for some of the best inventions, and businesses in the world.

Has an idea, product, or service for the business world.

Has innovative ideas for social change, solutions, etc.

Has multiple start ups due to new ideas.

Starts up their business due to their lifestyle such as sports, hobbies, or passions. 

This is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.

 An independent legal entity owned by shareholders.

 A hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.

A single business where two or more people share ownership.

produces the products they sell

sells products to other businesses rather than the final consumer

sells services rather than products

Entrepreneurship allows businesses to create change in the world, it has new ideas, new products, etc. that changes daily lives.

Thoughts or concepts that come from creative thinking