What are the functions of an entrepreneur?
The following are certain functions of an entrepreneur:
· An entrepreneur is expected to perform a lot of functions namely; management of workforce; supervising the functions of workers and employees; finance management; marketing management; delivery of goods and services and realization of money from the clients etc.
· The following are some of the functions of an entrepreneur which includes managerial functions also:
01. Perceiving market opportunities
02. Gaining command over scarce resources
03. Purchasing the inputs
04. Marketing of the products and responding to competition
05. Dealing with the public bureaucracy (Concessions, licences and taxes)
06. Managing human relations with the area
07. Managing customer and supplier relations
08. Managing the finance portfolio
09. Managing the production (Control by written records, supervision, coordinating input flows with orders, maintenance etc.,)
10. Acquiring and overseeing assembly of the factory
11. Industrial engineering(minimizing inputs with a given production process)
12. Upgrading process and product quality and
13. Introducing new production techniques and products
Thank you for the information, it is interesting and relevant to me. How an entrepreneur became interested in the issue of revaluation. And I became interested in software that helps create reports and monitor all asset movements. It’s convenient and saves time.
