What Is Entrepreneur ? Pregnant Qualities Skills Of Entrepreneur

What is Entrepreneur? Meaning

The term 'Entrepreneur' has been derived from a French give-and-take 'Entreprendre' important to undertake for certain activities. Normally, entrepreneur has to perform 2 types of functions which are explained hither amongst the aid of pictures given below.

Factors of production viz. land, labour together with upper-case alphabetic quality are scattered at dissimilar places. All these factors get got to locomote assembled together. This piece of occupation is done past times corporation through entrepreneur. This is an 'Organization Function'. Organization constituent is the piece of occupation of bringing the required factors together together with making them piece of occupation harmoniously.

Entrepreneur has to demeanour risks together with uncertainties. For facing uncertainties he may instruct profits or may incur loss. This is the 'Risk Bearing Function' together with entrepreneur is the adventure bearer.

Qualities / Skills of an Entrepreneur

To locomote a successful together with ideal entrepreneur, ane should get got for certain qualities or skills every bit given below :-

1. Ability to organize : He should locomote able to organize diverse factors effectively. He has to sympathize all the aspects of the business.
2. Professional approach : He should locomote objective together with professional person inwards approach.
3. Risk bearer : He should locomote adventure taker. He should locomote gain to demeanour adventure together with uncertainties.
4. Innovative : Organiser should locomote innovative. He should adopt modern techniques of production. He should non locomote reluctant to changes.
5. Decision Making : One has to get got correct determination at a correct fourth dimension past times showing his promptness. Quick decisions are expected precisely hasty decisions shouldn't locomote taken. Delay inwards decisions may increase terms of projection together with bring down the profits.
6. Negotiation skills : Businessman regularly comes into contact amongst diverse persons similar consumers, workers, authorities officials, etc. together with then he should communicate tactfully.

Articles on Entrepreneur

1. Functions of Entrepreneur.
2. Features of Entrepreneurship.