Entrepreneur-Who is one?

The word “entrepreneur” derives itself from the french word entreprendre, which means to undertake. An entrepreneur is anyone who is willing to undertake a venture, with all its risks.

A businessman is different from an entrepreneur. The purpose of the former is to only market the products of the latter. An entrepreneur is enterprising. He comes up with new ideas to market, new products that a consumer might want. He is liable for all the associated risks. A businessman might evolve into an entrepreneur in some time, when his perspective broadens, and his understanding of his clientele becomes better. When his product is marketed, it is sold by other businessmen.

Entrepreneur: The backbone

Entrepreneur or organizer, in the most common parlance is considered to be one of the four major factors of production. However, in the recent times it is revealed that the entrepreneur forms the back bone of the entire production process. it is the organizer's job to coordinate the entire production process by accumulating and assimilating the required raw materials. It is also the entrepreneur's job to make innovations in the economic process which will result in better output. The role of the entrepreneur has become so important that in recent days a new branch of study has come up known as 'Entrepreneurship'. This branch is gaining more and more prominence and this field is becoming more and more popular.

Traits of a successful entrepreneur.

There are always certain reasons behind every person’s success. Success as a businessperson or entrepreneur needs certain qualities which if a person possess then he is sure to get what he wants. The first characteristic of a person with winning traits is that he knows his good and bad points. The knowledge of one’s strengths and weaknesses makes them let go of their ego and stand up to face their worst fears with courage. A successful person is always searching for good opportunities and he never misses when he gets one. It is true that opportunities come to all but only some can make the best out of them.