The Strengths And Characteristics Of An Entrepreneur?

1924 Words8 Pages
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
Get Access