ENTREPRENEUR
Entrepreneur is a person who starts a new firm and bears the most of the risks while reaping the majority of the benefits. Entrepreneurship refers to the process of starting a business. The entrepreneur is frequently portrayed as a pioneer, a provider of novel ideas, products, services, and/or business processes. Entrepreneurs are critical to any economy because they have the ability and initiative to anticipate requirements and bring good new ideas to market. Entrepreneurship that succeeds in taking on the risks of starting a business is rewarded with revenues, fame, and chances for continued expansion. Failure of an entrepreneur results in losses and a lower market presence for individuals concerned. An entrepreneur is a person who takes the risk of beginning a new business enterprise. The method entrepreneurs file and pay taxes is determined by the form of their business.
4 Types of Entrepreneur
- Small business entrepreneurship is the concept of starting a company without expanding it into a major corporation or branching out into other locations. Small company entrepreneurship could include a one-location restaurant, a single grocery store, or a retail shop where you sell your handcrafted goods.
- Scalable startups on the other hand, frequently require investors and substantial sums of money in order to expand their business and reach new markets.
- Large-scale entrepreneurship is the creation of a new business segment within an existing corporation. The present company may be well positioned to expand into other industries or to become involved in new technology.
- Social entrepreneurship they focus on helping communities or the environment through their products and services.
Give the definition of entrepreneur ship and entrepreneur
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