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What is entrepreneurship?

In today’s fast-changing world, innovation is the driving force behind progress — and entrepreneurship is one of its most powerful engines. But what does it really mean to be an entrepreneur? And how is it different from being a traditional business owner?
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FAQ

A venture capitalist is an investor who provides capital to start-ups or growing companies with high growth potential. In exchange for financing, venture capitalists often receive ownership shares in the company. They bear high risk but have the opportunity for significant returns if the companies succeed.
Intrapreneurship is when employees within an existing organisation act like entrepreneurs - developing new ideas, products, or processes - but without leaving to start their own business.
An intrapreneur takes initiative, innovates, and drives change from inside the company, often with the organisation’s resources, networks, and brand behind them. Unlike traditional entrepreneurs, they operate within the safety net of their employer, but still carry a degree of responsibility and risk for the project’s success.
In Ireland, entrepreneurship in schools focuses on fostering creativity, initiative, and problem-solving among students, preparing them for future work and life. National programmes like the Student Enterprise Programme and Transition Year mini-companies give students hands-on business experience. Supported by initiatives such as Young Social Innovators and Junior Achievement Ireland, these activities help build enterprise skills, confidence, and real-world understanding from an early age.
A startup is a newly founded company that strives to develop a unique product or service, often with the potential for rapid growth and scalability. Startups often focus on innovation and seek to quickly establish themselves in the market.
A SWOT analysis is a planning tool used to identify and evaluate an organization's internal Strengths, Weaknesses, Opportunities and Threats. It helps organizations understand their position and formulate strategies. A personal SWOT analysis can also be done on an individual, such as an entrepreneur.

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