Learn How To Be An Entrepreneur

What is intellectual property? Intellectual Property (IP) refers to any original creation of the human intellect such as artistic, literary, technical, or scientific creation used for a business. It is an asset that any person can own,sell, or license, and is necessary to be protected from theif and unauthorized use. It is very well settled that IP plays a vital role in the modern economy. It has also been conclusively established that the Intellectual labour associated with the innovation should be given due importance so that public good emanates from it. In the field of business industry, anyone can create and build their own line. However, anyone can also steal and claim your ideas with or without you noticing it. In this section, the intellectual property rights is taken into action. Intellectual Property Rights refers to the legal rights given to the inventor to protect his invention or creation for a certain period of time. These legal rights conf...

"Entrepreneurs see ways to put resources and information together in new combinations. They not only see the system as it is, but as it might be. They have a knack for looking at the usual and seeing the unusual, at the ordinary and seeing the extraordinary. Consequently, they can spot opportunities that turn the commonplace into the unique and unexpected." – Mitton (1989, p. 12) "The significant problems we face cannot be solved at the same level of thinking we were at when we created them." – Albert Einstein ---------------------------------------------------------------- How Do You Spot Opportunities? Planning for a business that you wished to prosper in the market, should primarily consider how to recognize and exploit the market opportunity to start the business or launch a new product to produce merchandise or service that fits the market's needs and available resources. Moreover, a business created to meet the new market opportunity is...