What is an Entrepreneur?

Business Entrepreneur
9/6/2019

Business Entrepreneur 1
What is an Entrepreneur?
An entrepreneur is an individual who leads to the new corporate, dealing with maximum of
the risk and enjoy maximum rewards in the economy. The entrepreneur is normally found as
an innovator, who brings the new thoughts for the products and services or for any kind of
procedures. In the views of economist, Joseph Alois Schumpeter (1883-1950) entrepreneurs
are not required to encourage by revenue but regard it as the standard for evaluating
achievement or accomplishment (Masurel and Masurel, 2019). Schumpeter also discovered in
there research that entrepreneur are equipped with some skills which include: -
 Greatly value with the self-reliance
 Struggle for the difference through the excellence
 Entrepreneurs are extremely optimistic
 Continuously support the issues of the average sort of risk
In the dynamic environment, the entrepreneurs are the one who perform the vital role in the
economy by making the effective utilization of the initiative as well as skills that are required
to anticipate the needs and leads to the new good ideas to the market (Barreto, 2013).
However, different people in the market have different meaning for the entrepreneurs. Some
of the people says that entrepreneurs are the one who prove to be successful in opening the
start-up which involves the risk factor that are rewarded with fame, continued growth
opportunities, profits and many others. Some of them get fail in their new start-up due to
which they suffer the high losses and become less predominant in the global market. In the
research, it has been found that entrepreneur works as a starter who works as an initiator,
challenger as well as driver. Entrepreneur is someone that leads to something new which can
be initiative, a firm, project or any activities. It has been found that might be entrepreneur is