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 amongst the assistance of pictures given below.
blogspot.com//search?q=4-factors-of-production-land-labour">Factors of production viz. land, labour together with upper-case alphabetic quality are scattered at dissimilar places. All these factors get got to live on assembled together. This piece of job is done past times company through entrepreneur. This is an 'Organization Function'. Organization business office is the piece of job of bringing the required factors together together with making them piece of job harmoniously.
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Entrepreneur has to demeanour risks together with uncertainties. For facing uncertainties he may larn profits or may incur loss. This is the 'Risk Bearing Function' together with entrepreneur is the opportunity bearer.
Qualities / Skills of an Entrepreneur
To live on a successful together with ideal entrepreneur, 1 should get got sure as shooting qualities or skills equally given below :-
- Ability to organize : He should live on able to organize diverse factors effectively. He has to sympathise all the aspects of the business.
- Professional approach : He should live on objective together with professional person inwards approach.
- Risk bearer : He should live on opportunity taker. He should live on cook to demeanour opportunity together with 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 get 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 growth terms of projection together with cut down the profits.
- Negotiation skills : Businessman regularly comes into contact amongst diverse persons similar consumers, workers, authorities officials, etc. together with therefore he should communicate tactfully.
