Entrepreneurship is a dynamic field influenced by multiple factors. One of the primary drivers of change is technological advancements. Innovations in technology can create new opportunities while rendering existing business models obsolete. For example, the rise of e-commerce has transformed retail industries globally.
Additionally, market demand shifts contribute significantly to changes in entrepreneurship. Consumer preferences evolve, often driven by cultural trends or economic conditions. Entrepreneurs must stay adaptable, continuously researching and responding to these shifts to remain competitive.