5

The Adventurers

Never be afraid. Just do it. Fear is the biggest killer”.

—Rashmi Sinha1

It is believed that commerce originated thousands of years ago because people realized there was a need to sell or exchange their products. They, therefore, left their homes and travelled in search of custom, sometimes great distances over land and water, at great risk to their lives and their goods. The success of these people depended on their ability to overcome various risks that came their way and external constraints they were confronted with. The courage and the spirit of adventure were evident in their quest to acquire wealth. These are qualities that defined early entrepreneurship.

The earliest forms of such entrepreneurial activity involved ...

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