Definitions of an entrepreneur

An entrepreneur is a person who combines various factors of production, processes the raw materials, converts the raw materials into a finished product and creates utility in the product and sells the product in the market in order to earn profit.

An entrepreneur is a person with unusual foresight who can recognize potential demand for goods and services. He reacts to economic change who become an economic agent who transforms demand into supply.

Entrepreneurs are innovators who use the process to shatter the status quo through new combination of resources and new methods of commerce to satisfy consumer wants and who enjoys monopoly profits.

Entrepreneurs create or identify an opportunity and pursue it by taking risk and then creating an economic organization for gain and /or growth.

Entrepreneurship is the result of disciplined, systematic process of applying creativity and innovations to needs and opportunities in the market place for attaining gain and / or growth.

Entrepreneurship is the quality of uncertainty bearing….coordination of productive resources ….introduction of innovations and the successful provision of capital for gain or/and growth.

Entrepreneurship involves any deliberate activity that initiates, maintains and grows a profit-oriented enterprise for production or distribution of economic goods or services.

Priya Chetty

Partner at Project Guru
Priya is a master in business administration with majors in marketing and finance. She is fluent with data modelling, time series analysis, various regression models, forecasting and interpretation of the data. She has assisted data scientists, corporates, scholars in the field of finance, banking, economics and marketing.

Related articles

  • Cultural theories of entrepreneurship Entrepreneurs are considered to be the seeds of the development of industries. Entrepreneurs play a pivotal role in the process of the promotion and execution of the business.
  • Qualities of an entrepreneur Entrepreneurial personality is distinct from the personality of a common man. An entrepreneur possesses special qualities, values, skills, attitudes
  • Theories of entrepreneurship Theory is not merely bookish. Theory helps us to comprehend phenomena better. Understanding theory one can apply the same in practice more....
  • Psychological theories of entrepreneurship Psychological theories of entrepreneurship put emphasis on the emotional and mental aspects of the individuals that drive their entrepreneurial activities.
  • Transformational leaders of the century Transformational leaders explore hidden talents of individuals and make them perform exceedingly well.
Discussions

5 Comments.

  1. Salutation, maybe this is not on subject but anyway, I have been reading about your web site and it looks truly neat. impassioned about your activity. I’m building a new blog and hard put to make it appear great, and provide really good content. I have observed a lot on your web site and I look forward to more updates and will be coming back.

  2. I’m so splendidthat I found this article at last this is what I was looking for! I positively love reading each bit of it.

  3. There are some attention-grabbing closing dates on this article but I don’t know if I see all of them center to heart. There may be some validity but I’ll take hold opinion until I look into it further. Good article , thanks and we wish more! Added to FeedBurner as nicely

  4. Thanks for the info, had a good time looking for this, please post it and share it. Kisses.

  5. I would like to thank you for the efforts you have put in writing this article. I’m hoping the same high-grade articles from you in the upcoming as well.

Discuss

We are looking for candidates who have completed their master's degree or Ph.D. Click here to know more about our vacancies.