ENTREPRENEURSHIP AND SELF EMPLOYMENT

Entrepreneurship-and-Communication-Skills-notes

Entrepreneur – an entrepreneur is a person having specific skills, ability, knowledge, awareness and self confidence who bares the risk of operating a business in the face of uncertainty about future conditions.

  • According to J. B, an entrepreneur is a person who is an organizer and a supervisor of a business enterprise and lifts economic resources out of an area of lower into an area of higher productivity and greater yields.
  • According to David McClelland, an entrepreneur is a person with a high need of achievement. He is energetic and a moderate risk taker.
  • According to Peter Drucker, an entrepreneur searcher for change, responds to it and exploit the opportunities. Innovation is a specific tool of an entrepreneur hence an effective entrepreneur converts a source into a resource.



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