Question

Entrepreneurship development concept characteristics, need and meaning

Answer 1

An entrepreneur is a person who starts a new business and usually risks his own money to start the venture. Important characteristics of successful entrepreneurs include risk taking, creativity, initiative, problem solving, organizational skills, communication and independence.

Answer 2

Explanation:

Entrepreneurship is the act of setting out on your own and starting a business instead of working for someone else in his business.

While entrepreneurs must deal with a larger number of obstacles and fears than hourly or salaried employees, the payoff may be far greater as well.