Explain characteristics of an Entrepreneur.

Answer: An entrepreneur is innovative, a risk bearer, a decision maker, an organiser and leader, self-confident, hard working and goal oriented.

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

1. Innovative: He introduces new products, new methods of production, new markets and new ideas.
2. Risk bearer: He is willing to take calculated risks and face uncertainty of profit or loss.
3. Decision maker: He takes quick and sound decisions about what, how much and how to produce.
4. Organiser and leader: He brings together land, labour and capital and leads the people working with him.
5. Self-confidence: He believes in his own abilities and is not discouraged by failures.
6. Hard work and dedication: He works hard and is committed to his venture.
7. Goal oriented and visionary: He has a clear vision and works to achieve his goals.