Explain the characteristics of an Entrepreneur.

Answer: An entrepreneur is innovative, a risk taker, a good decision maker, has leadership, self-confidence, hard work and is goal oriented.

An entrepreneur is a person who has an idea, starts a business venture, organises resources and bears the risk in order to earn profit.

1. Innovative: He thinks of new products, methods, markets and ideas.
2. Risk taker: He is ready to take calculated risks and face uncertainty.
3. Decision maker: He takes quick and correct decisions in changing situations.
4. Leadership: He leads, motivates and guides his team.
5. Self-confidence and hard work: He believes in his abilities and works hard with determination and patience.
6. Goal oriented: He sets clear objectives and works towards them.
7. Organising ability: He brings together land, labour, capital and other resources and uses them efficiently.
8. Flexibility and vision: He adapts to change and has foresight about future opportunities.