Entrepreneurship is the process of designing, launching and running a new business. It is the capacity and willingness to develop, organise and manage a business venture along with any of its risks in order to make a profit. Due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to lack of funding, bad business decisions, an economic crisis or lack of market demand. The entrepreneur puts his or her career and financial security on the line and takes numerous risks in the name of an idea, spending time as well as capital on an uncertain venture. Entrepreneurs may not acknowledge that they have taken an enormous amount of risks because they do not perceive the level of uncertainty to be as high as other people do. Frank…
