INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Developing and executing business plans
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Making sure the financial health of the company is good
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Giving solutions to every problem
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Making sure customers’ needs are satisfied
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Detailed explanation-1: -An entrepreneur is an individual who creates and grows a business through their creative ideas. Entrepreneurs play key roles besides generating income as they grow their businesses. An entrepreneur identifies a commercial need in their community, crafts a business idea and takes the lead role to start their business.
Detailed explanation-2: -Meaning of Entrepreneur The entrepreneur is defined as someone who has the ability and desire to establish, administer and succeed in a startup venture along with risk entitled to it, to make profits. The best example of entrepreneurship is the starting of a new business venture.
Detailed explanation-3: -Ans-An entrepreneur performs all roles from owner to lowest level of work and manages all resources while an employee is assigned or given fixed roles and manages only what is defined in assigned role.
Detailed explanation-4: -The process of setting up a business is known as entrepreneurship.