The word ‘entrepreneur’ is derivedfrom the French word entreprendre. Itmeans ‘to undertake’.
Thus,entrepreneur is the person whoundertakes the risk of new enterprise.
Prepared By: Dr. Shiv Mohan
An entrepreneur is ordinarily called abusinessman. He is a person whocombines capital and labour for thepurpose of production. He organizesand manages a business unit assumingthe risk for profit. He is the artist of thebusiness world.
J.B. Say, “An entrepreneur is one whobrings together the factors ofproduction and combines them into aproduct”
Prepared By: Dr. Shiv Mohan
“ one who innovates, raises money, assembles
Inputs and sets the organization going with theability to identify them and opportunities,which others are not able to fulfill sucheconomic opportunities”
Prepared By: Dr. Shiv Mohan
Need to Achieve: Entrepreneur is action-oriented,highly motivated individual who takes risk toachieve goals.
Independence: Most of the entrepreneurs start ontheir own because they dislike to work for others.They prefer to be their own boss and want to beresponsible for their own decisions.
Risk-Bearing: Entrepreneurs are the persons whotake decisions under uncertainty and thus they arewilling to take risk, but they never gamble with theresults.
Prepared By: Dr. Shiv Mohan
Positive Self-Concept: Entrepreneurs arealways positive in their actions.
Hope of Success: Significant quality ofentrepreneurial personality. Entrepreneurs settheir goals with a hope of success rather thanfear of failure.
Flexibility: The successful entrepreneursmeasures pros and cons of a decision andtrends to change if the situation demands.
Prepared By: Dr. Shiv Mohan
Analytical Ability of Mind: Entrepreneursare unaffected by personal likes and dislikes.They usually avoid emotional and sensitiveattitude towards their business or problems.
Confronting Uncertainty: Successfulentrepreneurs are always optimistic and takeevery odd as the opportunity.
Interpersonal Skills: Entrepreneurs arealways comfortable while dealing with peopleat all levels.
Prepared By: Dr. Shiv Mohan
Stress Takers: Capable of working for longhours and solving different complexities at thesame time.
Innovators: They are innovators. Theyconstantly put their new ideas.
Business Communication Skills: In order tomotivate others in the business, entrepreneursmust have good communication skills bothwritten and oral.
Prepared By: Dr. Shiv Mohan
Leadership: Entrepreneurs as a leader shouldprovide necessary spark to motivate byguiding, inspiring, assisting and directing themembers of the group for achievement oforganization goal.
Ability to Mobilize Resources: They have tomobilize 6M’s Man, Money, Material,Machinery, Market and Methods effectively torelease the final product.
Prepared By: Dr. Shiv Mohan