Entrepreneurship is the introduction of a new product or service through the creation of a new company or the innovation of an existing organization. Entrepreneurs search for change, respond to the growth and seize on the change as an opportunity. This entrepreneur development process helps new firms or ventures get better in achieving their goals, improve business and the nation’s economy. Another essential factor of this process is to strengthen the capacity to manage, develop, and build a business enterprise keeping in mind the risks related to it.
In simple words, the entrepreneurship development process is about supporting entrepreneurs to advance their skills with the help of training and coaching classes. It encourages them to make better judgments and take a sensible decision for all business activities.