What fuels entrepreneurship?
Who is an Entrepreneur?
· Entrepreneur is a person or individual who perceives a need and then brings together the manpower, materials and capital required to meet that need. They search for change, respond to it and exploit it as an opportunity
What is an Entrepreneurship?
· Entrepreneurship involves combining various factors of production to initiate the changes and it is a discontinuous phenomenon. On the other hand, management involves continual combining and ongoing coordination of productive factors.
· Entrepreneurship is not related to birth, religion, caste or community and any person who possesses the basic aptitudes for business can be trained, groomed and developed as a successful entrepreneur.
What fuels entrepreneurship?
· Entrepreneurship is a mind set of creating, nurturing and growing a venture to create value and it is more of an art than a science. Liberalisation, globalization and privatization has provided a boost to entrepreneurship activities in our country.
· The following are some of the qualities of an entrepreneur that fuel entrepreneurship:
01. Believing in himself, his talents, his qualities and his calibre
02. Becoming a smart thinker who uses his creative abilities in uplifting his firm
03. Smart person who is very cautious in avoiding the debt trap
04. He is a person who is willing to observe and learn many things
05. He keeps his mind open at all times
06. He is not afraid of failure
07. He keeps on learning each minute
