Entrepreneurship is the process of creating a business idea and turning it into a real business.
Entrepreneurs create new goods and services based on new technologies or demands.
They are extremely motivated and focused, typically spending long, unpaid hours working on their ideas in attempts to turn them into profitable businesses. While entrepreneurs seek to create profitable businesses, social entrepreneurship seeks to meet the social needs of communities often through non-profit organizations. Social entrepreneurs live or work in communities where a basic social good or service is not delivered. A social entrepreneur recognizes this need and works to establish a business or organization to supply it. Trends in Entrepreneurship Entrepreneurs create approximately 600,000 to 800,000 new businesses each year.