[THE NEW WAVE OF ENTREPRENEURS] What Exactly Is Digital Entrepreneurship? – The Entrepreneur

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[THE NEW WAVE OF ENTREPRENEURS] What Exactly Is Digital Entrepreneurship? – The Entrepreneur

Digital entrepreneurship is a term that describes how entrepreneurship will change, as business and society continue to be transformed by digital technology. Digital entrepreneurship highlights changes in entrepreneurial practice, theory, and education.

Digital entrepreneurship includes everything that is new and different about entrepreneurship in a digital world, including:

– New ways of finding customers for entrepreneurial ventures.
– New ways of designing and offering products, and services.
– New ways of generating revenue, and reducing cost.
– New opportunities to collaborate with platforms and partners.
– New sources of opportunity, risk, and competitive advantage.

On a practical level, digital entrepreneurship opens up new possibilities for anyone thinking of becoming an entrepreneur. Some opportunities are more technical, but many others are within reach for anyone who learns the basic skills of digital entrepreneurship. These basic skills include finding new customers online, prototyping new business ideas, and improving business ideas based on data.

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