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success or failure

Entrepreneurship is defined as the process by which a new venture is created when an entrepreneur identifies a new opportunity in the market to create economic products and services. An entrepreneur is therefore someone who is willing and able to convert a new idea or invention into a successful innovation in the market. The innovation could be in the form of a product, a service, or a novel business concept or model.

To read the original article: The Australian Institute for Commercialisation - Characteristics of an Entrepreneur: Do you have what it takes?