Entrepreneurship and Small Business Ownership Discussion
Provide your own definition and include two (2) key characteristics of “entrepreneurship” and “small business ownership.” Analyze this concept based on the various principles of entrepreneurship or small business ownership as defined in the textbook readings and reputable articles (or academic sources). Please break up your analysis into separate paragraphs and use individual headings for each section to properly organize your analysis. Minimum 300 words
Be sure to reference sources as appropriate, following the APA in-text citation guidelines
please use at least the two quotes below as a part of the analysis.
Small Business Management: An Entrepreneur’s Guidebook, Mary Jane Byrd defines entrepreneurship as the process of gaining “achievement, profit, and growth through innovation and strategic management” (2017, p. 9)
“While competitive prices and a reputation for honesty are important, an atmosphere of friendliness makes people feel good about patronizing the business and encourages them to continue shopping there” (Byrd 2018, p. 11)
Byrd, Mary. (2018) Small Business Management: An Entrepreneur’s Guidebook. McGraw-Hill Education, New York