Who is an entrepreneur?

An entrepreneur is an individual who starts and runs a business with limited resources and planning. This individual is responsible for all the risks and rewards of their business venture. The business idea usually encompasses a new product or service rather than an existing business model.

What are the characteristics of an entrepreneur?

Seven primary characteristics among entrepreneurs include versatility, resilience, flexibility, money-savviness, business smarts, focus, and having strong communication skills. An entrepreneur is an individual who takes an idea or product and creates a business, a process known as entrepreneurship.

What is entrepreneurship & why is it important?

Entrepreneurship is the process of planning, starting, and running a business. These principles are present in every type of entrepreneur. Where entrepreneurs differ depends on the kind of business, their reasons for owning a business, and their goals. These factors will influence the skills, business challenges, and resources necessary to succeed.