Enterprenuership

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Avatar for Favvy3456
4 years ago

What is enterprenuership? enterprenuership is the ability and willingness to develop, organize and manage a business and it's risk in order to make profit.

Who is an enterprenuer? An enterprenuer is a person who initiated/creates a business and bears the risk of the business.

There are alot of benefits and risks that comes with being and enterprenuer.

There are also characteristics and functions of an enterprenuer.

Characteristics;a good enterprenuer must have a vison.

He/she must have a goal and a good strategy to achieve that goal.

He/she must be skillful,risk tolerance,creative, self-confidence,money management.

A good enterprenuer must avoid proscastinaton,he/she must be time conscious.

Functions;the following are functions of an entrepreneur;

  • Organizing

  • Risk taking

  • Decision-making

  • Coordination of resources

  • Implementation of innovation

  • Utilization of experience

  • Managerial roles

  • Formation of business,e.t.c.

    Enterprenuership is a very important part of our economical sector, infact enterprenuership should be encouraged in our world today because it promotes alot of good values like self-confidence , self-Independence, discipline,e.t.c,thanks.

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