ENTREPRENEURSHIP

WHO IS AN ENTREPRENEUR?

Entrepreneurs are business people who can detect and sense the availability of business opportunities in any given scenario. They will then utilize these opportunities to create new products by employing new production methods in different markets. They will also function in different ways by using various resources who will give them profit.

READ ALSO WHAT IS ENTREPRENEURSHIP?

It is important to note that although most entrepreneurial businesses start small, the owners of such businesses need not be small scale owners. They could in fact be big business owners, who first try and test the waters before investing big time in the business. Small business owners dread risk, but successful entrepreneurs are very innovative and know how to operate profitably in a business environment, even if the risk is very high.

In fact, innovation is the life blood of any kind of entrepreneurs; this is one of the tools that helps them gain an advantage over established players in the market. Entrepreneurs are, thus, defined as “individuals or groups of individuals who carry out entrepreneurship activities that are based on their innovative approaches to solving real-word problems”.

READ ALSO  HOW TO START AND MAKE MONEY WITH AN ATM BUSINESS
Tags

wealthideas

Business ideas | Start-up ideas | Wealth ideas And Entrepreneurship SKILLS 👇👇 www.wealth-ideas.com

Related Articles

Leave a Reply

Back to top button
Close