Explain any two functions of an Entrepreneur.
Answers
Answer:
sets up a business or businesses, taking on financial risks in the hope of profit
The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business
Explanation:
Functions of a successful entrepreneur are;
- Taking Initiative,Organizing Resources,Identifying Opportunities and Prospects,Risk-Taking,Decision Making,Technology Transfer and Adaptation,Innovation,Fostering Autonomy,Social Responsibility,Public Relations,Experience Sharing,Managerial Roles,Balanced Economic Development
These are explained below;
1. Taking Initiative
Entrepreneurship is an active profession that deals with such actions, which some may not even recognize.
This symbolic entrepreneur’s work provides our civilization with a variety of products, techniques, production strategies, etc.
Therefore, final action and qualifications are the main business activity of the entire economy.
2. Organizing Resources
Planning to identify those resources needed to turn a particular idea into reality. Resources include human and non-human resources. Business planning will increase productivity, develop new businesses, distribute and direct work and commitments, and will remove barriers to work.
Commercial, therefore, is a painting tool that captures indigenous skills and resources for production purposes
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