It is the act and art of undertaking or introducing new things, finance and business awareness in an effort to convert innovations into economic possessions. This may result in new or may be part of stimulating mature in response to a perceived opportunity. When entrepreneurship is describing activities within a firm or large organization, may include corporate venturing, when large entities spin-off organizations. Entrepreneurship ranges in scale from single projects (even involving the entrepreneur only part-time) to key undertakings creating many job opportunities.

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