Finance School Blog

    Introduction: The word entrepreneur is derived from the French word entrepender. An entrepreneur is a person who establishes a new enterprise or business with an innovative idea and also he tries to convert that business into a reputed company.  OPEN FREE DEMAT ACCOUNT IN UPSTOX CLICK HERE Entrepreneur meaning: An entrepreneur comes up with an innovative idea and initiates and organizes the business according to that Idea. Entrepreneur combines the factors of production in a manner to maximize production and he strives to decrease the cost of production. Characteristics of entrepreneurs: Entrepreneurs have specific characteristics those characteristics will make the difference between entrepreneurs and the common people. 1. Innovation 2. Risk-taking 3. Decision making 4. Leadership 5. Planning 6. Hard work 7. Optimistic nature 8. Foresight. 1. Innovation: The entrepreneur should have innovative skills. These skills will help the entrepr

The Entrepreneur establishes a new enterprise or business with an innovative idea and also he tries to convert that business into a reputed company. Types of entrepreneurs: 1. Innovative entrepreneurs. 2. Adaptive entrepreneurs. 3. Fabian entrepreneurs. 4. Drone entrepreneurs. 5. Imitative entrepreneurs.  OPEN FREE DEMAT ACCOUNT IN UPSTOX CLICK HERE 1. Innovative entrepreneurs: Innovative entrepreneurs come into the market with a new product or a new method of production or a new service. These entrepreneurs implement their ideas in different places and also in various ways. They will analyze their own idea by implementing them in the market. They will believe in themselves and also in their idea especially. 2. Adaptive entrepreneurs: Adaptive entrepreneurs adopt successful models (business models) from developing countries or other countries. They will implement that Idea or business model in their country. First of all, they will analyze business models of diff