Entrepreneurship refers to the process of initiating, developing, and managing a new business or venture with the goal of generating profit and creating value. It involves identifying a market opportunity, assembling the necessary resources (such as capital, labor, and technology), and taking on the risks associated with starting and running a business. Entrepreneurs are individuals who exhibit traits such as innovation, risk-taking, and a willingness to create and innovate in order to meet the needs of consumers or solve specific problems. The act of entrepreneurship can vary in scale, from launching small startups to managing large enterprises, and encompasses a wide range of industries and sectors. Successful entrepreneurship often requires strategic planning, market research, effective management, and adaptability to changing conditions.
The vibrant restaurant landscape of East Harlem faced a significant loss recently. After proudly serving the community for over three years, the beloved establishment Contento is now closed, marking the…