Answer:
An entrepreneur is a person who starts a new business venture, organises resources and bears the risk to earn profit. Four of his characteristics are:
- Risk bearer: An entrepreneur is willing to take calculated risks. He invests money and effort in a new venture knowing that it may not succeed.
- Innovative: He is creative and constantly looks for new ideas, new products, new methods of production and new markets.
- Self-confidence: He believes in his own abilities and decisions, which helps him face problems and uncertainty boldly.
- Decision making ability: He takes quick and right decisions after analysing the situation, and is ready to take responsibility for them.
- Hard work and determination: He works hard with patience and does not give up in the face of failure.
- Leadership: He guides, motivates and inspires his team to achieve business goals.
