SSC MTS EXAM

Detailed explanation-1: -An entrepreneur is a person that has opened his/her own business and operates it. The main reason for which people start a business is to generate profit.

Detailed explanation-2: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture.

Detailed explanation-3: -According to the Oxford Dictionary, an entrepreneur is “a person who organizes and operates a business or businesses, taking on greater than normal financial risks to do so.” An entrepreneur can focus more on independence and innovation than a small business owner.

Detailed explanation-4: -A sole proprietor is a commonly used legal term that describes the single owner of a business, someone who is also legally tied to the respective company and considered the same legal entity.