Entrepreneurship is defined and its underlying nature is explored. The concept of an entrepreneurial mindset is introduced, characterized, and its implications for the poor are examined. The process nature of entrepreneurship is investigated, and unique aspects of the stages of this process for a person in poverty are addressed. Entrepreneurship is characterized as an unpredictable, non-linear and often chaotic journey where the individual is creating reality as events emerge. Key competencies that enable the entrepreneur to successfully navigate this journey are then identified. Attention is devoted to understanding the ways in which entrepreneurship can serve as a solution to poverty.
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