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By taking responsibility, entrepreneurs demonstrate leadership and a strong commitment to their goals and values.




                                        Youngest self made entrepreneur in India

              Take Decisions after Thinking


              An entrepreneur has the ability to make thoughtful decisions. This means that
              before  taking  any  action,  an  entrepreneur  carefully  thinks about  whether  the
              decision  will be good or bad for the business.  They consider all the possible
              outcomes, weigh the risks and benefits, and gather all the necessary information
              to make an informed choice. This careful decision-making ensures that their
              actions support the long-term success and growth of the business. By thinking
              things through, they avoid rash decisions and are better prepared to handle any
              challenges that may arise.


                       Functions of an Entrepreneur


              Entrepreneurs are good at seeing opportunities in the world. They find ways to fix problems or make things that
              people want. Some of the important functions of an entrepreneur are:
              •  Making Decisions: Entrepreneurs make their own decisions. They have to decide on many things to steer their
                business in the right direction.
                These decisions can be big or small and cover everything from what to sell and how much to charge, whom to
                hire and how to spend money. Entrepreneurs need to be smart decision-makers to make sure their business sails
                smoothly.
              •  Managing  the Business:  Managing  the  business  well  is  crucial  for  its  success  and  growth.  This  involves
                overseeing day-to-day operations, handling resources like money and people, and making sure everything runs
                smoothly. Entrepreneurs set goals, create plans, and organise the work to keep the business on track.
              •  Divide Income: Dividing income wisely is essential for the financial health and sustainability of the business.
                Entrepreneurs need to figure out what to do with the money their business makes. Dividing income involves
                making decisions about how to use the profits. They might reinvest some of it back into the business for things
                like improvements or expansion. They also need to decide how much to save for the future and how much to
                pay themselves.
              •  Taking Risk: It is the courage to take chances that can lead to innovation and business success. They're willing
                to try new things, even if there's a chance it might not work out perfectly. Starting and running a business
                always involves uncertainty, and entrepreneurs embrace that uncertainty by taking calculated risks. Whether it's
                introducing a new product, entering a new market, or investing in a new technology.
              •  Creating a New Method, Idea or a Product: They use their creativity and vision to think differently and bring
                something new to the table. Whether it's inventing a groundbreaking product, introducing an innovative service,
                or finding a better way to do things.

                       Role of an Entrepreneur


              In order to become successful, an entrepreneur needs to perform different roles. The following are the roles of an
              entrepreneur:
              •  Innovator’s Role: An entrepreneurship is about new and creative ideas converted into a real world of business
                which is beneficial both for the entrepreneur in making profits and for the customer in getting a new product in
                the market. All those once was just an idea but only entrepreneurs brought those ideas to life.


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