What does entrepreneurship involve?

Entrepreneurship involves the process of starting and running a new business, which encompasses a wide range of activities including identifying a market need, developing a business idea, creating a business plan, securing funding, and managing operations. This definition captures the essence of entrepreneurship as it focuses on creating value and innovation through new ventures.

Entrepreneurs are often characterized by their willingness to take risks and their resourcefulness in navigating challenges to bring their ideas to fruition. Starting and managing a new business requires not just an idea but also the determination and skills to implement that idea effectively and sustain it over time. Therefore, this answer accurately reflects the comprehensive nature of entrepreneurship.