Entrepreneurs are a driving force for innovation and change worldwide. When people think of entrepreneurship, they often tend to think of small businesses. However, in the global business environment, organizations of all types and sizes are becoming more entrepreneurial. A new venture is a new business or a new line of business.

Entrepreneurs commonly start new small-business ventures. Intrapreneurs commonly start a new line of business within a larger organization. They are also called corporate entrepreneurs and organizational entrepreneurs. In essence, intrapreneurs commonly start and run small businesses within large organizations, often as separate business units. Entrepreneurship activities include creating new products or processes, entering new markets, or creating new business ventures and organizations or productivity techniques.

But no new venture is started without entrepreneurial activities, and existing businesses seek employees with entrepreneurial behavior skills. The number of colleges teaching students how to be entrepreneurial is increasing. The legal definition of small varies by country and by industry. In the United States, the Small Business Administration (SBA) establishes small-business size standards on an industry-by-industry basis. For our purposes, we blend the two definitions: A small business is a business that is independently owned and operated, with a small number of employees and relatively low volume of sales.