Entrepreneurship

The article may contain affiliate links from one or more partners. Learn how we make money to continue our financial wellness mission.

A process that involves (a) seeing an opportunity to provide a product/service, (b) taking initiative to find out about competitors and what customers want from the product/service, and (c) developing plans to market the business, analyze potential profit or losses, and produce the product/service. Imagination, innovative thinking, and management skills needed to start and operate a business.