Define entrepreneur. Explain the characteristics of entrepreneur.
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"An individual who sets up a small business instead of working for someone else is called an entrepreneur. An entrepreneur has the following characteristics:
• An entrepreneur is the originator of the business and is the one who brings the idea to reality
• He is the individual who leads from the front and shows everyone the way
• All responsibility for the business also lies on the entrepreneur’s shoulders"
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Explanation:
An entrepreneur is a person who develops new innovative idea and starts a new business that generates some value to the customer and proves to be profitable for him.
Characteristics of entrepreneur
- Hard working
- Energetic
- Independent
- Optimistic
- Leadership
- Goal oriented
- Risk taking
- Motivator
- Self confident
- Decision maker
- Creative
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