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According to Stevenson, entrepreneurship is the pursuit of opportunity beyond resources controlled. Entrepreneur defines a person who organizes and manages business with initiative and risk. They are commonly seen as creators and innovators who offer to sale new ideas in the business market.
Wardle Ball of Entrepreneurship |
Entrepreneurs play a key role to start up a business and act
as a root of new firms in economy. The seeds are the ideas which need proper
nutrition of business planning, investment and objectives. They make right
decisions to make the ideas profitable. The rewards for risk taking in the
potential market that entrepreneur could earn ventures.
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Thinking different makes a person capable of Entrepreneurship. |
As
being an Entrepreneur everyone seeks the ideas and concepts of the leader. An
Entrepreneur should have the ability to introduce products and services in
creative way by introducing new technology, increasing more productivity and
generating new products. An Entrepreneur builds an environment of positivity
and creativity around themself. For example, Real Estate Agents are good
example of Entrepreneurs. As the agents are positive in creating and innovating
new buildings with a particular target market and provide great deals of
investment for their clients. They are good in finding the needs of the
customers and plan their services according to their clients need. However,
every business needs an entrepreneur who can give direction to a firm.
Entrepreneur binds their employees together as a team members aimed to one
objective i.e. fulfillment of their clients need. Entrepreneurs are the
innovators who lead people for their goals by providing them different ideas
for their businesses.
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