BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A person who undertakes the risk of starting a new business venture is called an entrepreneur. An entrepreneur creates a firm to realize their idea, known as entrepreneurship, which aggregates capital and labor in order to produce goods or services for profit.

Detailed explanation-2: -Entrepreneurship is the willingness and ability to establish, organise and manage a business and take financial risks to make profits. An Entrepreneur is an innovator who brings in new ideas to create a successful business venture.

Detailed explanation-3: -An entrepreneur is the one who organizes, manages, and assumes the risks of a business or enterprise. Risk taking is one of the key elements of entrepreneurship. An entrepreneur bears all the risks associated with the activities of the business.

Detailed explanation-4: -Generally speaking, entrepreneurs take risks as it allows them to distinguish themselves from their competitors. In the competitive business environment that exists today, those who are willing to position themselves as risk-takers position themselves as leaders as well, while others get left behind.