Entrepreneurship and the Entrepreneurial Process

What is entrepreneurship? If you want to be a business owner, or an entrepreneur, it is a good idea to know exactly what entrepreneurship is. Entrepreneurship is the process of creating value by bringing together a unique package of resources to make the most of an opportunity. The entrepreneurial process is everywhere. You find it if you start a new venture, in social entrepreneurship, in corporate entrepreneurship, in arts entrepreneurship, if you take over a family business, or if you purchase an existing business. Like I said, it's everywhere. But what is the entrepreneurial process? The entrepreneurial process has six basic steps. The first step is to identify the opportunity. After you identify the opportunity, you need to develop a concept. Then you determine the required resources and acquire the necessary resources. After you have the resources needed you should implement and manage. The final step, and perhaps the best, is to harvest the venture.