What is Entrepreneurship?

 An entrepreneur is someone who starts a new business, takes most of the risks and reaps the maximum benefits. The process of starting a business is called entrepreneurship. Entrepreneurs are generally seen as innovators, sources of new ideas, products, services and businesses/processes.

What is creativity?

Creativity is the ability to come up with new and exciting ideas and  discover new perspectives on problems and opportunities.

What is Innovation?

Innovation is the ability to apply creative solutions to problems and opportunities in order to improve or  enrich people's lives.

What is paradigm?

Paradigms are preconceived ideas about what the world is, how it should be, and how it should work.

Describe the steps in the creative process?

These seven steps are as follows:

  1. Preparation 
  2.  Survey 
  3.  Convert 
  4.  Incubation 
  5.  enlightenment 
  6.  Review 
  7. Implementation   

What is creative process?

Even when creative ideas  strike like lightning, they are really the result of the creative process.

What is mind-mapping?

Mind mapping is a graphical technique that encourages thinking on both sides of the brain, visually depicts different relationships between ideas, and improves your ability to see problems from different angles.

What is Rapid Prototyping?

The process of creating models of ideas that allow entrepreneurs to find flaws in their ideas and improve their designs.

What is an Opportunity?

An opportunity is a  set of favorable circumstances that create a need for a new product, service, or business.

What is an Idea?

An idea is a thought,  impression, or concept. Ideas may or may not meet the criteria for the opportunity.

What is Brainstorming?

A common way to generate new business ideas is  brainstorming. Brainstorming, in general,  is a simple process of generating multiple ideas on a particular topic. Approaches range from one of her sitting down with a yellow legal pad and writing down an interesting business idea, to a formal "brainstorming" session led by a moderator and involving a group of people.

What is Business model?

A business model is a  plan or recipe for how a company creates, delivers, and acquires value for its stakeholders. new products or services to customers;

What is Feasibility Analysis?

Feasibility analysis is the process of determining whether a business idea is viable.