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Abstract
The Entrepreneurs in less developed countries have to perform the role of a multi tasker. Here the emphasis would more be on conserving the limited resources and optimum utilization of what the Entrepreneur has in his hands, while the Entrepreneurs of the developing countries might be enjoying the support of the Government, who is equally interested in the growth of the country by encouraging Entrepreneurship.
Hence, Entrepreneurship is essentially the activity the Entrepreneur adopts to achieve his goal with the available resources and all the challenges. The Entrepreneur may build something out of nothing, and gets rewarded in the process, if he gets it right. It is his risk taking abilities, attitude, management skills, and optimum utilization of resources which fetches him results. A variety of activities may fall under the ambit of Entrepreneurship, ranging from economic, non economic, social and commercial.