Page 83 - IT 402 v2.0 class 10
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Big entrepreneurs play a very crucial role in development of the nation as they help to build and establish
huge infrastructures or services like telecom facility aeroplanes etc. which wouldn t be possible otherwise.
Most of the successful entrepreneurs are philanthropists. hey always contribute to the society for the
betterment of people in a community. Such philanthropic acts include establishment of facilities like schools
colleges hospitals etc. and donations to organisations and providing sponsorships.
On the other hand society provides market for the services and products that have been created or are being
produced by the entrepreneur. he society provides raw material to entrepreneurs for production of goods
that the society needs. For example a restaurant provides cooked food but the vegetables to prepare the
food are provided by the society.
Society also provides financial support for entrepreneurs. o start an entrepreneurial venture one needs to
have su cient capital. Microfinance institutions often provide the startup capital that is essential to support
the startup. It also provides land and space to work on and environment of security where the business can
grow.
QUALITIES OF ENTREPRENEURS
ntrepreneurs have several ualities. Some of them are:
ntrepreneurs are very clear with their targets. hey visualise plan and then implement their ideas.
hey work hard from the beginning and then for extra hours so that they can achieve the best.
hey are courageous and are always ready to take risks for their business.
hey have clear vision of what will be needed in the future and they prepare their next move accordingly.
hey are very creative and innovative. hey always come up with products and services which are new to
the market.
hey are problem solvers. hey conceive new ideas and achieve innovative solutions.
hey have good communication skills for convincing potential stakeholders.
hey are updated with the current scenario of the market.
hey are dedicated and passionate towards their work.
Entrepreneurship 81

