Journal of Research and Development
Open Access

Entrepreneurship Development

Entrepreneurship development is the process of improving the skills and knowledge of entrepreneurs through various training and classroom programs. The whole point of entrepreneurship development is to increase the number of entrepreneurs. The entrepreneurial process is a set of stages and events that follow one another. These entrepreneurial process stages are: the idea or conception of the business, the event that triggers the operations, implementation and growth. Entrepreneurship is one of the most important input in the economic development of a country. The entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions.  An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. Entrepreneurship can broadly be defined as the creation or extraction of value. With this definition, entrepreneurship is viewed as change, which may include other values than simply economic ones. The people who create these businesses are often referred to as entrepreneurs.