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• Open-Minded: An entrepreneur should be open for all circumstances and suggestions for the betterment of
              the business. He should be an opportunist who should always be ready in all circumstances to work for the
              benefit of the business and its people.
               • Flexible: An entrepreneur should be flexible to all circumstances. He should understand that all days are not
              the same and all strategies don’t work, so he should be ready to adapt as per the situation for the benefit of the
              business.
               • Knows his Product: A good entrepreneur should know his product well. He should be aware of its market value
              and demand, so that he can make an honest decision and work on its improvement areas.

                    Role of an Entrepreneur


            These days people are interested in innovations and bringing a positive impact in our society. To be a successful
            entrepreneur,  certain  roles need  to  be  performed well. Let  us discuss some of these important  roles of an
            entrepreneur:

            Economic Development

            Entrepreneurs  bring  economic  development  through  efficient  use  of  resources.  With  their  innovative  ideas  in
            business, entrepreneurs bring faster economic development. Some of the important roles of an entrepreneur in
            economic development are:
               • Mobilise revenue of the country.
               • Increase national wealth.

               • Help increase foreign exchange reserves of the country.
               • Efficiently utilise of local human resources.
               • Establish industries in backward and rural areas to bring balanced regional development.

               • Increases production activity and utilise idle land and other natural resources.


            Social Development
            Entrepreneurs provide people with good quality products and services which inspires them to push the boundary
            of social advancement. They initiate a positive change in the workplace and in the lives of the people associated
            with them. They work and live for the better.








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