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08 Sep, 2017

Entrepreneur Definition

An entrepreneur is a person whose work is to manage a business while undertaking risks with the aim of making profits. There is no age limit for one to be an entrepreneur. There are student entrepreneurs who start businesses in their college rooms. The age, education level and experience of an entrepreneur are not necessary as the willingness to weather all the storms to come up with new business ideas. The kind of ideas an entrepreneur has is what matters most. A good entrepreneur is a person who takes an idea and modifies it to come up with good end products out of it. He or she should be able to develop an idea into revenue. The idea an entrepreneur has can be a new way of providing services to people in a simple way. This is the idea that can be given to other companies for implementation. The entrepreneur may also decide to implement this idea on their own. The products of these ideas can be simple but then may receive warm welcome in the market. There are many responsibilities of an entrepreneur. It is the work of an entrepreneur to design an idea, service or product. This same entrepreneur is supposed to finance the process of implementing this idea. He/she should do research before introducing the idea into the market. They should venture into the market to know the attitude people will give to this idea and the kind of products that will come out. If they hire employees to help them in the research they should be the one to pay them. Another responsibility of the entrepreneur is to market and promote the products they sell. It is upon the business person to advertise the products they are selling. This is a good way of ensuring you have many customers to your business hence good income. If you want to be a good entrepreneur then your personality must be good. A good entrepreneur should have perseverance. This is because business is all about ups and downs. There are times when your business will face problems. This is a moment when you need to persevere. Another quality of a good entrepreneur is interpersonal skills. You should know how to relate with your customers. You should have good communication skills to be able to effectively communicate with your customers. You should also be a good time manager if you want to make it in business. This means that you should be able to convert time to money.

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