What is Entrepreneurship? How to Become an Entrepreneur

Jun 18, 2020 | 19.9 min read | Last Updated: Oct 12, 2021 |
how to become an entrepreneur

With the rise of technology and increased access to capital for entrepreneurs of all types, entrepreneurship is becoming the career path of choice for many. The role of an entrepreneur continues to evolve and, as of 2020, there were 582 million entrepreneurs around the world, with 62 per cent of people agreeing that entrepreneurship is a good career. From small businesses to international companies, entrepreneurship is essential for keeping Canada’s economy healthy and balanced.

So, what does it take to be an entrepreneur, and how can you become one? What is the impact of entrepreneurship on society, and why is this role so important? We’ve created a comprehensive introduction to entrepreneurship that covers the skills, steps, and basic business resources you’ll need to become an entrepreneur. We’ve also included testimonials and business advice from successful entrepreneurs to help you better understand the important role of an entrepreneur.

What is the Definition of Entrepreneurship?

The basic definition of entrepreneurship is the act of starting a business with the intention of turning a profit. Howeve