This definition of entrepreneurship accurately describes the nature of business in today's modern time as industries are more and more moving from 2nd or 3rd to 4th industrialization. Its evident innovation has been taking over globally with more and more countries following a "Tech-oriented" way of doing things whilst making older industries redundant/ obsolete.

Firstly the definition is brief, straight to the point, easy to understand; furthermore, fulfills its purpose as a motivator to keep on persisting even after success assuring continuity.

TIP for OERu LEARNERS: Remember to add the course code tag in the tag field when annotating with Hypothes.is. Eg BMAN111 or IENT101. (Hit the enter key after typing the tag.)

Listening is one of the most important skills of leadership. Entrepreneurs need to be good leaders, so listen to your staff and customers.

Autonomy comes with the wisdom to listen to others with more experience. Entrepreneurs who learn this early will be more successful - being your own boss comes with advantages, but can also lead to failure.