Prior to every creation, there stands a creator. When looking at a painting, we find a painter, a building has its builder and every business has its entrepreneur. Without the concept of entrepreneurship, businesses would not be here today. BusinessDictionary.Com defines Entrepreneurship as "The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. The most obvious example of entrepreneurship is the starting of new businesses." Entrepreneurship is simply stated as an act of creation accompanied by known and unknown risks. In the process of being an Entrepreneur, there are always three essential tasks; discovering or creating a need, creating a business model, and running the business.
Every business seeks to fulfill a need. Whether in the service industry or manufacturing a physical product, a business brings together resources and produces a product that consumers wish to take advantage of. In order to create a business, an entrepreneur must discover which of their needs consumers wish to fulfill, where the market would exist for this product, and whether the market is large enough to support a new business amongst the existing businesses. In this process a market may not be very profitable yet it has very minimal startup and running costs, overtime achieving a respectable profit. Other times, a market may be very profitable yet its inaccessible due to its high costs. As an entrepreneur, this task is a necessary task in order to create and raise a successful business.
Following the market analysis, entrepreneurship requires an entrepreneur to form the business itself. They are required to create the very format on which the company will run. As a Christian, this step in the process is an excellent opportunity entrepreneurs have to create a Christ-like business. Here the entrepreneur sets the foundation among everything will run.
