The word “entrepreneur” is derived from the French verb entreprendre. It means “to undertake”. In the early 16th century, the Frenchmen who organized and led military expeditions were referred to as “entrepreneurs.” The team “entrepreneur” was applied to business initially by the French economist, Cantillon, in the 18th century, to designate a dealer who purchases the means of production for combining them into marketable products....

Every new business, new product or service and new marketing approach has started with an idea. Generating new ideas can be a very burdensome task. Putting them into practice can be much harder. Once an idea strikes, a person has to fill in all the details of what he wants to achieve and how he is going to achieve it. A good idea is nothing more than a tool in the hands of an entrepreneur. Finding a good idea is the first step in the task of converting an entrepreneur’s creativity into an opportunity....

Entrepreneurship is about managing risk, and buying an existing business is one way of reducing risk. It does not eliminate risk but does provide a less risky alternative. Buying a business is not an easy exercise; it is in fact, a complicated process and one needs to do it carefully. Buying an existing business, which comes with readymade infrastructure- and may be even human resource- enables a faster start to a potential entrepreneur. Some entrepreneurs are comfortable in running a business or building it up but are particularly hassled about many issues in the beginning. If done carefully, buying a business can reduce start-up hassles.....

An entrepreneur starts a business with a positive mindset, wishing to establish and grow the company .The main goal is profit maximization. However, it is also prudent to plan for one’s exit from the firm. Sometimes, it is wise to think of your exit strategy while setting up the business itself......

Private equity investments have, over the last two decades, been the fastest growing market for corporate finance. The increasing importance of private equity has fostered a growing academic literature, which has identified three main sources of entrepreneurial finance: venture capital, angel investors, and corporate investments. Interestingly, the vast majority of papers deal with venture capital investment through private equity funds, whereas few papers have analyzed the two alternative sources of entrepreneurial finance. Moreover, the strong academic focus on venture capital is contrasted by the fact the bulk of private equity holding still remain directly held by investors......

‘Venture Capital’ is an important source of finance for those small and medium- sized firms, which have very few avenues for raising funds. Although such a business firm may possess a huge potential for earning large profits in the future and establish itself into a larger enterprise. But the common investors are generally unwilling to invest their funds in them due to risk involved in these types of investments.......

Family business and small business are not the same. At the same time, large public firms are often family firms. “Family business” can be regarded as the most popular “ mom and pop” businesses. Although many small and micro businesses are family- owned and operated, there is evidence that family firms are also fast growth firms and very large successful firms........

A small business is a business that is privately owned and operated, with a small number of employs and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships.........