Entrepreneurship is when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service. Entrepreneurship usually starts as a small business but the long-term vision is much greater, to seek high profits and capture market share with an innovative new idea. Grade 12 Consumer Studies Entrepreneurship Self Study Guide
There are numerous examples of successful entrepreneurship, ranging from small businesses to large corporations. Some well-known examples include Apple, Amazon, Facebook, Google, and Microsoft. These companies were all started by entrepreneurs who had a vision and the skills to turn it into a reality.