Question

Hi Any body write essay on ENTREPRENEURSHIP ​

Answer 1

Answer:

The Entrepreneur:

In a modern organisation it is not possible to identify an entrepreneur because he(she) is not a single person. The entrepreneur is no doubt the creator and manager of a business. But he is not to be treated as a specific type of individual.  

Rather, as Donnally has rightly suggested, “entrepreneurship can be considered a behaviour, encompassing an individual’s pursuit of opportunity without regard to the resources the entrepreneur currently controls”.

Risk-Taking:

Entrepreneurs assure significance in the context of small business, or at least during the early stages of the enterprise.

We use the term ‘small business’ to refer to the organisation that is privately owned (usually by top management), is not dominant in its market, maintains local operations (though it may serve a much wider market — domestic and international) and employs fewer than 100 people. Most small businesses in India employ 10 or less people.

The entrepreneur has to face different types of risk. Firstly, in launching a small business, the owner entrepreneur has to face substantial business risk in the sense that the failure rate of small companies is quite high.

Secondly, entrepreneurs have to face a high degree of financial risk simply because they invest most, if not all, of their personal finance in their own business. They do not normally get seed (venture) capital from external sources.

Thirdly, they take a career risk in the sense that they leave a secure job for a venture with highly uncertain future.

Fourthly, they incur family and social risks because the demands of starting and running a young business take away a major portion of their time. So, they are left with little time for attention to family and friends.

Finally, they assume a psychological risk — the risk of a deep sense of personal failure should the business fail. The personal risks of the entrepreneurship may be summed up by describing the emotions of launching a business as “entrepreneurial terror''

Explanation: