Lets know about an entrepreneur-
Entrepreneur is a person who takes the risk or has the capability of taking risk for starting and developing new business venture. Entrepreneur is such a person who creates something novel by the work done by him/ her. This creation means the creation of new opportunities or utilities for his or her self development as well as for the society.
An entrepreneur is a person who takes the risk by purchasing goods at a certain price and selling them at an uncertain price. He/ she must have the capability of taking risk, foresightedness, good leadership, persistent, creativity, dynamism and other necessary characteristics to be a successful entrepreneur. An entrepreneur is such an entity which never born rather it is created through proper mode of practices done by him or her. So, we can say that an entrepreneur is a person who organizes an economic venture on the basis of taking calculated risk and controlling the venture for further development and expansion.
Risk taking capability of an Entrepreneur
An entrepreneur is a person who takes the risk by purchasing goods at a certain price and selling them at an uncertain price. He/ she must have the capability of taking risk, foresightedness, good leadership, persistent, creativity, dynamism and other necessary characteristics to be a successful entrepreneur. An entrepreneur is such an entity which never born rather it is created through proper mode of practices done by him or her. So, we can say that an entrepreneur is a person who organizes an economic venture on the basis of taking calculated risk and controlling the venture for further development and expansion.