Entrepreneur

Entrepreneur

Entrepreneur is an innovator of new ideas and business processes. He possesses management skills, strong team building abilities and essential leadership qualities to manage a business.

Entrepreneurship

Entrepreneurship is a process of a action of an entrepreneur who undertakes to establish his enterprise. It is the ability to create and build something.

Role of an Entrepreneur

Entrepreneurs play a most important rolein the economic growth and development of a country’s economy.

1. They promote development of industries and help to remove regional disparities by industrialising rural and backward areas.

2. They help the country to increase the GDP and Per Capita Income.

3. They promote capital formation by mobilising the idle savings of the citizens and country’s export trade.

4. Entrepreneurs provide large-scale employment to artisans, technically qualified persons and professionals and try to maximise profits by innovations.

5. They enable the people to avail better quality goods at lower prices, which results in the improvement of their standard of living.