ENTREPRENEUR

An Entrepreneur • The word entrepreneur is derived from the French word “entreprendre” which means “to undertake or to try”. • A common definition of an entrepreneur is someone who establishes a new entry to offer a new or existing product or service into a new or existing market, whether it is for a profitable or non-profitable outcome. • An entrepreneur is an individual who is able to perceive an opportunity for a business and create an organization to develop and manage that business successfully. • An entrepreneur is an individual who organizes, manages and assumes the risks of a business.

What You Need to Become an Entrepreneur
• Qualities like passion, tenacity, vision, and self-confidence
• A great idea that people will pay money for
• A plan of success
• Consistent execution of the plan

Characteristics and Traits of an Entrepreneur listed by International Labor Organization Characteristics Traits Self-confidence Confidence Independence Individuality Optimism Task-oriented Need for achievement Profit-oriented Persistence Determination Perseverance Hard work Drive Energy Initiative Risk-taker Risk taking ability Likes challenges Leadership Leadership behavior Gets along well with others Responsive to suggestions and criticisms Originality Innovative Creative Flexible (openness of mind) Resourceful Versatile Knowledgeable Future-oriented Foresight Perceptive