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Write a short note about Entrepreneurs..
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Answers
⬛ An entrepreneur is a person who either invests money to run a business or plays a vital role in the business .
⬛ He also gains the profit from the business .
⬛ He may lose money due to the business .
⬛ Entrepreneurs result in the growth of the economy of a country .
⬛ An entrepreneur plays a vital role in capital formation .
⬛ An entrepreneur always requires a high initial investment .
⬛ Hence he should have the financial ability to start the business .
⬛ An entrepreneur should have unique and effective plans for his business to be successful and profitable.
⬛ Entrepreneur is defined as the act of initiating and running a business .
⬛ An entrepreneur should have the ability to invest and come up with innovative ideas in order to gain profit otherwise he will experience a great loss in the business .
⬛ An entrepreneur has a good idea about where to invest and what to invest .
⬛ Wherever business is concerned , it always leads to capital formation and hence entrepreneurs are believed to play a good role in capital formation.
⬛ We should not confuse "entrepreneur" with "philanthropists" . Philanthropists are helpful persons as they donate money . Entrepreneurs are also helpful because they lead to capital formation but they may or may not donate money .