What is Entrepreneur? Meaning
The term 'Entrepreneur' has been derived from a French give-and-take 'Entreprendre' pregnant to undertake sure as shooting activities. Normally, entrepreneur has to perform ii types of functions which are explained hither alongside the tending of pictures given below.
blogspot.com//search?q=4-factors-of-production-land-labour">Factors of production viz. land, labour in addition to uppercase are scattered at dissimilar places. All these factors induce got to live on assembled together. This piece of employment is done past times corporation through entrepreneur. This is an 'Organization Function'. Organization business office is the piece of employment of bringing the required factors together in addition to making them piece of employment harmoniously.
Entrepreneur has to deport risks in addition to uncertainties. For facing uncertainties he may larn net or may incur loss. This is the 'Risk Bearing Function' in addition to entrepreneur is the opportunity bearer.
Qualities / Skills of an Entrepreneur
To live on a successful in addition to ideal entrepreneur, ane should induce got sure as shooting qualities or skills every bit given below :-
- Ability to organize : He should live on able to organize diverse factors effectively. He has to empathise all the aspects of the business.
- Professional approach : He should live on objective in addition to professional person inwards approach.
- Risk bearer : He should live on opportunity taker. He should live on laid to deport opportunity in addition to uncertainties.
- Innovative : Organiser should live on innovative. He should adopt modern techniques of production. He should non live on reluctant to changes.
- Decision Making : One has to induce got correct conclusion at a correct fourth dimension past times showing his promptness. Quick decisions are expected only hasty decisions shouldn't live on taken. Delay inwards decisions may increase toll of projection in addition to bring down the profits.
- Negotiation skills : Businessman regularly comes into contact alongside diverse persons similar consumers, workers, authorities officials, etc. then he should communicate tactfully.
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