Entrepreneurship is more than simply “opening up a small business.” It is rather a progression through which individuals recognise opportunities, distribute resources, and generate value. This creation of value is often through the identification of unmet needs, wants and/or opportunities for change identified in our society. Entrepreneurs view “problems” as “opportunities”. Entrepreneurial success however is not only the ability to foresee these opportunities in the marketplace, initiate change (or take advantage of same) and create value through solutions, however one has to have the right tools and business governance structures to create a successful business moving forward into the future.
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