Entrepreneur
Entrepreneur
is the person who undertakes the responsibilities and risks of employing land,
labour and capital. He decides how to use these resources in the production
process.
Importance
of Entrepreneurs
An
entrepreneur is important for any business.
- He makes decisions
- He bears risks
- He organizes and manages the business
- He takes all the responsibilities of
running the business
- He initiate in seeking new business
opportunities
- He invent and commercialize new products
Functions
of Entrepreneurs
- Taking initiative
- Planning and promotion of the business
- Coordinating daily works
- Raising necessary capital
- Marketing of goods
- Inventions and innovations
