Source
An Entrepreneur is a person who takes a business risk. He takes financial risk and dictate the pace of the business.
Entrepreneurship is the willingness and the ability of an individual to seek out investment opportunity,establish and run a business outfit successfully. It can also be seen as the process of bringing together creative and innovative ideas and combine people, money,and resources to meet an identified need and thereby create wealth.
CHARACTERISTICS OF AN ENTREPRENEUR
He must be resourceful and creative
Discovering new sources to improve their enterprize
Enjoy a comparative in terms of supply cost and quality
Organizer, coordinator of factors of production (land,labour,capital)
Create goods and service with initiative and self confidence
Entrepreneurship; Sole propraetorship form of Business
Advantages
easy to form : it does not need strict formality and legal processes
ownership: no bottled service affect him. He work for longer hours including sunday if he want
decision: it id taken quickly,since the propraetor does not need to consult and inquire from anybody
policy formulation: he formulate all policy that make for internal and external
nature: the nature of it attract less tax because he doesnt disclose his income.
law: no law compel the owner to submit his account balance sheet to cooperate affairs
privacy: no body enclouch the running of the business internally or externally etc.
ENTREPRENEUR : CAN YOU BE ONE? | Ecency
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