Introduction To Entrepreneurship
Introduction To Entrepreneurship
What is an Entrepreneur?
Entrepreneur is a French word coined by the economist Jean-Baptiste Say. An Entrepreneur, rather than working as an employee, runs a small business
and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.
Characteristics of an Entrepreneur
Functions of an Entrepreneur
Role of Entrepreneur
The young man from Charigaon, a small village in Assams Jorhat region, has been doing some impressive work in the bee keeping industry.
At a yearly turnover of Rs 70 Lakhs and a work force of twenty people, Dutta has achieved the status of the most successful honey producer and bee keeper in the north-eastern province of the country. After two years of rigorous struggle, Dutta started his business with a mere Rs 10,000 and a set of 10 bee-hives about two decades back. He later registered his business under the CK Udyog that operates under the Small Scale Industry Department of Assam. Now Dutta runs his own processing unit that was initiated in 1994 with an investment of Rs 3 Lakhs from the Assam Finance Corporation Bank.
CONCLUSION
In this era of falling Indian Rupee, entrepreneurs can be important catalyst in reinforcing and stabilizing the plummeting Indian Economy. We can easily say that entrepreneurs are indispensable for improving Indias economy. They are one of the chief agents of pushing the GDP forward. Thus, if proper avenues are provided and their issues resolved, there is no way entrepreneurs would lag behind the corporate biggies