Features Of Entrepreneurs And Risk Taking

1553 Words Feb 10th, 2015 7 Pages
Characteristic features of Entrepreneurs
Brian identified the entrepreneur as a person who is optimistic, future-oriented, thinking that achievement is conceivable and being open to attempting risky methods to accomplish their objectives of benefits. They are capable of succeeding their objectives of benefits by trying different methods and also changing quickly as they get new data. (Brian Tracy, 2005)
Entrepreneurs and risk taking
Risk-taking is a part of entrepreneurial life. Due to this reason entrepreneurs have to have a risk-taking spirit, because not taking risks can kill an enterprise before it gets off the ground. Dr. Shailendra Vyakarnam (2013) adds that entrepreneurs are people who also know their limitations. As entrepreneurs take risks, what they mostly come across are uncertainty and imperfect information.
Uncertainty and its importance by Entrepreneurs
According to the Business Word Reference (2015); uncertainty is a circumstance where the current condition of learning is such that the request or nature of things is obscure, the outcomes, degree or greatness of circumstances, conditions or occasions is eccentric.
The announcement 'what’s to come is dubious ' is a conspicuous one –of course it is. In administration we cannot recognize what is going to happen or when or what the effect of it will be. We can assemble data and break down it to attempt to see better what may happen and what the outcomes may be, however we can never know beyond any doubt. An…

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