Entrepreneurs - Characteristics of entrepreneurs
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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