ENTREPRENEURSHIP

Detailed explanation-1: -An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Detailed explanation-2: -An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.

Detailed explanation-3: -Meaning of Entrepreneur An entrepreneur is an individual having an exclusive idea to establish and initiate a new venture and bring a change in the world. An entrepreneur is highly innovative and creative, takes a risk, and endures unpredictable situations in the business.

Detailed explanation-4: -According to Schumpeter, the entrepreneur is someone who carries out “new combinations” by such things as introducing new products or processes, identifying new export markets or sources of supply, or creating new types of organization.

Detailed explanation-5: -An entrepreneur is an individual who identifies a need in the marketplace and works to fulfill it. The term, historically, has been applied to an individual who starts a business, seeing the ability to fulfill that identified need as an economic opportunity.