An individual who launches a new business assumes the bulk of the associated risks, and positions themselves to get the most of the benefits is known as an entrepreneur. The process of beginning a new business is what is meant by the term “entrepreneurship.” It is common practice to credit the entrepreneur with the development of novel goods, services, and approaches to doing business. This book presents entrepreneurship and innovation as a deliberate and rigorous discipline, describing the challenges that the entrepreneurial economy faces as well as the potential benefits that it may provide. The book ‘Innovation and Essentials of Entrepreneurship’ explains what existing firms, public governmental institutions, or new ventures all need to understand, have to learn, and must do to compete successfully in today’s economy and marketplace. The process of starting a new business, often one that offers some kind of innovative product or service, is entrepreneurship. It is without a doubt something that may be categorized as a creative undertaking. When making choices, an entrepreneur will almost always priorities seizing opportunities above other considerations. The concept that is known as entrepreneurship is an integral part of the study of business as well as a driving factor behind the expansion of economies around the world. This book presents an overview of the fundamentals of entrepreneurship, including both the academic and practical elements of entrepreneurship.