INTRODUCTION An Entrepreneur is someone who makes decisions on what products will be produced and who will produce those products and how that certain person will produce the required products. An Entrepreneur is also defined as someone who is capable for initialising a business full of intentions and imaginations to make profit and is always aware of the risks of losing his or her resource products that he or she produced. An Entrepreneur’s aspects should be for someone working capable, risk taking and having all entrepreneurial resources required for a business. Entrepreneurs are also defined as people who are aware of all their strengths and weaknesses. If they are in need or lacking any necessary expertise they are capable of seeking rescue from experts. Actually entrepreneurs do not need to be dependent on other people and always seek for help, thus they have to learn as much as they can all possible aspects of their proposed enterprise, that may include learning precise all of the business world so as to be able to communicate with their bank managers, clients and other experts where necessary. Lastly entrepreneurs have the skill of identifying new products which are valuable, new methods to increase production and some new ways of marketing existing products. Entrepreneurs set up operations so to be able to …show more content…
Entrepreneurial success breeds more intrapreneurial activity. For some certain people entrepreneurship itself has become a huge career rather than those who manage a business solely for income or growth, these certain individuals make use of their companies as springboards to acquire other ventures and then repeat the process which is well known as the principle of corridor. As to explain the serial entrepreneurs, those are people who find and operate multiple companies during the course of a
An entrepreneur “refers to anyone who has responsibility for a firms decisions concerning choice of technology, rates of investment and scrapping, research expenditures etc. The group included he individual owner-manager head manager and individual or groups of corporate officials”( Entrepreneurship 1870-1914 floud and Cosky) .An Entrepreneur is one who organizes
Well to me it depends on the mind-set of an individual, his/her innate abilities and capabilities. I myself broadly classify entrepreneurs into two types, The Inventors (those who with their discrete and genius intellect pioneer goods and services that never existed) and the Innovators (take existing idea and innovate it with their brilliance). It is the category that defines the set of skills, traits and characteristics suited to that entrepreneur. For example the first type of entrepreneurs i.e. Inventors are revolutionary blended with growth orientation. They want to revolutionize the market or industry and grow at some rate so that their product becomes a necessity e.g. Thomas Edison, While on the other hand
Entrepreneurship is the willingness to take risks to create and operate a business. An entrepreneur is someone who sees a potentially
An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise (Merriam-Webster, n.d). Some characteristics of an entrepreneur are, the willingness to work hard, the desire for responsibility and the confidence in their ability to succeed. The person that I chose to interview for this paper is, Adama Kuyateh.
An entrepreneur is someone who starts a business by organizing and having greater than normal financial risk in order to do so. There are many people who fit into being an entrepreneur. For example stores like Wal-Mart, Target, Dollar Store, and any restaurant place. I will be looking at Eliza Pinckney as
Entrepreneurs are hard working, innovative people who enjoy taking risks. They accept their failures and work back up to success. When they fall hard to the ground, they rise back up to the top with another new invention. There are countless of thriving entrepreneurs in the world today. Two of the most well known entrepreneurs are Thomas Edison and Steve Jobs.
Usually, Entrepreneurship skills are obtained to acquire the role of being an Entrepreneur. It is necessary and very important to have these skills and developing them from a young age up until adult life can be very useful.
There is no such thing as a typical entrepreneur (business case study, n.d.) and no standard and universal definition of entrepreneurship. It is derived from the French language, entreprendre, meaning assume duties or attempt. An entrepreneurship is a process of someone who has a capacity and willingness to develop, organize and manage any enterprise or business venture along with any personal financial risks in order to make profit. Entrepreneurship is a process or an activity of discovering new ways or ideas of combining resources to make profits. Besides owning a business, entrepreneurship also includes any entrepreneur or a person who is a business leader or an innovator of new ideas to process a business.
An entrepreneur is someone who is competitive, always having an idea of what the market needs, they need to do more researches, create a business plan which will include the entrepreneur new ideas and technologies, to make the business ideal and successful. Entrepreneurs need to have a keen eye on seeing opportunities which others can not see, they need to take financial risks in setting up a business, or improve the performance of other businesses. “Starting your own business/Entrepreneurship is like jumping off a cliff and building a plane on the way down”, says Nikhlil Shah, Founder of Mixcloud.
An entrepreneur is someone who starts, operates or sets up a business and is usually the main shareholder in the business venture. They take on financial risks with the hope of making a profit
Before looking at the challenges facing entrepreneurs, it is important to define who an entrepreneur is. Entrepreneurs are basically people who organize and operate businesses. They are commonly known as businessmen because they take the financial risk of running businesses.
Entrepreneurship as a lot of meaning but for me it divided into two separate fundamental, the first part debate high involve on dichotomy which in a whole set that dividend in two that identify in a entrepreneur joint exhaustive that it only belong in one business to other business but in the other has mutually exhaustive nothing will belong to simulate for both
Economist 's view, In the economist 's view, an entrepreneur is one who takes a good amount of risk and also uses capital to make profits.. Psychologist 's view says that for a person to become an entrepreneur he/she must possesses some special traits, a certain personality type. The management view lays importance on the presence of skill competence, decision making and opportunity identification ability in an entrepreneur, process view says that entrepreneurship is like a scientific process and
According to Reynolds et al. (2000) "entrepreneurs are people who have both the will (in other words, desire or motivation) and the skill (the ability) to project their ideas or schemes into the future, and, by backing their judgement with
-According to Skinner SJ and Ivancevich JM,” An entrepreneur is a person who takes the risks necessary to organize and manage a business and receives the financial profits and monetary rewards”