Differentiate between projects and entrepreneurship

The lines between a school/college project and true entrepreneurship have been blurred. Many universities and colleges establish project teams and call themselves incubators. An incubator is merely a hospital for a short period after birth. A true entrepreneurial ecosystem will help the newborn grow into a healthy adult. Therefore, it is necessary to distinguish between project, product, business and entrepreneurship.

A project is a step to building a product or service;

A product that has a paying customer and can be reproduced or scaled is the basis of the business.

A business is the creation of a successful entrepreneurial venture, which includes several functions such as sales, marketing, finance, production, and customer service.