The terms entrepreneurship and innovation are used interchangeably by people. But, there is a difference between both. Innovation is generating unique ideas and using them to create new products and services. Entrepreneurship is the process of taking risks by building new businesses for profit.
Banks impact the development of entrepreneurship in developed and developing countries like Nigeria. The banks provide loans to entrepreneurs.The entrepreneurs can use the loans to fund their startups.
In today’s society, it is no secret that you will need to know about finances and how they work if you want to start your own company. Many people who graduate from college and create their own companies have a background in finance because of the many benefits this degree offers.