monetary systems to turn assets and circumstances to practical account, (3) the acceptance of risk and failure. To an economist, entrepreneur is the one, who knows how to optimally use different recourses like labor, assets and materials. They have the quality of being innovative and they know how to create new process to generate more profits. Ta a psychologist, entrepreneur is the person who wants to be their own boss, or they
INTRODUCTION Both small businesses and entrepreneurs are key for the economic growth and development for any given economy (Lucky & Olusegun, 2012). It is common to get the two mixed up, as they tend to achieve the same goal, however they differ considerably and hence, it is important to distinguish between a small business and an entrepreneur (Darren & Conrad, 2009). Oxford English Dictionary defines an entrepreneur as “a person who sets up a business or businesses, taking on financial risk in
Entrepreneurs are people with unique vision and the ability to take risk which other people might not take. According to the statement given “Sometimes the manager of the small business does not have the capacity to operate it successfully. The owner lacks the leadership ability and knowledge necessary to make the business work”, this reflects to the situation when the entrepreneur does not have the resources, in terms of financial, physical labour. The second line reflects to the point when the
and has published several books. Sally R. Osberg is President and CEO of the Skoll Foundation, which supports social entrepreneurs whose proven models are giving solutions to many of the world’s most compelling problems or issues. She is also a founding director of the Social Progress Imperative and serves on the Advisory
INTRODUCTION Traits and Qualities of a successful entrepreneur is the differentiating factor, from any average entrepreneur. Owing to the increase in the multitude of offerings and products in the market, finding profitable ventures need not only a good idea/business plan, but also the proper frame of mind and business acumen to execute the idea. Some traits are acquired with years of experience, whereas some qualities are innate such as having an intuition about the viability of the idea after scanning
Candace Allen’s article titled “The Entrepreneur as Hero”, she introduced that every society needs heroes. First she said that heroes go to the unknown. Second is the encountering of the hardship and challenges. Third is the return with something new. The author tries to compare the pattern of the hero to the entrepreneur, finding themselves in a difficult situation then finding ways to get a solution. Furthermore, she also mentioned that “The heroic entrepreneur will continue to anticipate what the
survive successfully and, in the process, is an incredible inspiration to others to keep their battles fighting bravely too. Yes I am talking about the ‘Entrepreneurs’, they are inspiration for others because they try to anticipate the roadblocks and dare to take a risk to combat the failures that comes in the way of their success. Entrepreneurs truly understand the difference between success (winning) & failure .The difference between those who win & those who don’t is the application of
Types of Entrepreneurs Definition: An Entrepreneur is a person who has a role of an industrialist and forms an organization for the commercial use. He is a change agent who transforms the demand into supply by forecasting the needs of the society. an entrepreneur is an initiator, a challenger and a driver. An entrepreneur is someone creates a new one company or a business. Entrepreneur is the beginning or sometime end of a venture, project or a activity.an entrepreneur is thus not idea creates,
ABSSTRACT: Women entrepreneur is any women who organizes and manages any enterprise, especially a business. Women entrepreneurs who engage themselves in business due to push and pull factors which encourage women to have an independent occupation and stand on their legs. A sense towards independent decision-making of their life and career is the motivational factor behind this urge. Saddled with household chores and domestic responsibilities makes the women to get independence. Under the influence
A study of Challenges and Problems before Women Entrepreneurs in Jammu and Kashmir 1Muneer Ahmad Khan1, Dr. Nisar Ahmad Wani2 1Research Scholar, School of Studies in Commerce, Viram University, Ujjain, MP 2 Head department of Economics, Govt. Degree College Shopian J&K Email: muneerahmad1983.mak@gmail.com ABSTRACT: Women in present day world play a numerous economic roles in our society. Women today are potential customers, bankers, teachers, inventors, the prospective farmers, scientists, etc