Entrepreneurship and business are two concepts aligned with their core goal, which is attaining profitability. However, these two commercial concepts diverge in terms of establishment, business type, methods of financing, and operational mechanisms. In the contemporary landscape, companies are categorized based on their services or products, their scale, and whether they fall under the umbrella of entrepreneurship or conventional commercial enterprises. Entrepreneurship encompasses the initiation, establishment, and management of projects and companies, adhering to distinct criteria compared to commercial ventures. This distinction may arise from novel approaches to problem-solving, pioneering technologies, or innovative conceptualizations. Commonly employed terms in entrepreneurship include startups and small and medium enterprises (SMEs). This field now boasts specialized classifications for each tier of entrepreneurial endeavors.

Commercial Business:

Business encompasses all commercial activities directed towards profit generation, comprising a diverse range of enterprises and industries including retail, manufacturing, professional services, and others. It may involve pre-existing business concepts, which are pursued for the purpose of expansion, competition, or gaining a distinctive competitive edge.

History:

Entrepreneurship, in its contemporary and modern interpretation, has evolved and taken its present shape in recent decades. This transformation has been particularly propelled by technological advancements, the proliferation of accessible information, and the automation of resource management. Contributing factors to the elevation and dissemination of entrepreneurship include:

• The Internet and the Digital Revolution: In the late eighties and nineties of the twentieth century, the revolution in communication technology commenced. This event opened new vistas for innovation and small businesses, resulting in a surge in Internet users and electronic transactions with major entities such as Google, Amazon, eBay, and others. This dynamic greatly influenced the entrepreneurial culture and sowed the seeds of an entrepreneurial mindset.

• Venture Capital: In the 1990s and the early years of the new millennium, startups began to avail themselves of accelerator programs, seed funding, and venture capital to fortify their undertakings.

• Success Stories: Fueled by the triumphs of major corporations, particularly in the realm of social media, exemplified by Google and Facebook, startup enterprises have emerged as inspiring success narratives and serve as professional compasses for embarking on entrepreneurial pursuits.