Role of an Entrepreneur in a Business

The central position in the market economy is occupied by Entrepreneurs. These are the ones who spark plug in the engine of the economy, activating and stimulating all the activities of the economy. Even if we consider a society, the most dynamic societies in the world are the ones that are having the most successful Entrepreneurs.

1. An Entrepreneurial energy, motivation, creativity, innovation are the main cause for the production and sale of the goods and services. An Entrepreneur is the one who takes up the risk of the enterprise in search of profit and who satisfies the unsatisfied needs.

2. Entrepreneur’s looks for disequilibrium, which is a small gap in-between the wants and needs of the customer of the products and services that are currently available. The Entrepreneur then tries to bring all the factors that are necessary for the production and selling the desired products and services to its customers. Entrepreneur’s take the complete risk while investing their money and others money and produce according to the customers needs and requirements of the customers.

3.Entrepreneurs are the most important members in the society as they know the ways to bring all the resources together like money, man, machinery and material and then give birth to a product or service. Due to the effect of the position, these are optimistic and future oriented. They believe in success which comes from hard work.


4.They are fast moving trying to implement new technology, strategies, to achieve their goals i.e., profits to an organization. Most Entrepreneurs are flexible and willing to change when new things pass their way.

As an Entrepreneur, you are the most important to your organization world. Your success is crucial to the success of the nation. All the best‼‼

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