Question

if someone buys a business but hires professional manager to run it so they don't have to be involved in the operations, are they entrepreneur?​

Answer 1

Explanation:

2222222I212224747392

Answer 2

The answer to this question is that yes, they will be called entrepreneurs.

• An entrepreneur is a person who makes money by starting or running businesses, especially when it involves taking financial risks.
• We must focus on the part of the definition which says that '...makes money by starting or running businesses....'
• It is clearly mentioned that running businesses and owning them also constitutes being an entrepreneur.
• Anyway, an entrepreneur can not run his business alone. He needs to delegate some tasks to the employees he has hired.
• A successful business requires hiring good staff and delegating correct tasks to them so that a business may run at its greatest efficiency.
• Thus, in this case, when someone buys a business and hires a manager to run it, they will still be classed as entrepreneurs.
• So, the answer to this question is that yes, they will be called entrepreneurs.

#SPJ5