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Take Responsibility
                                                     This means that an entrepreneur owns their decisions and actions, whether
                                                     they lead to success or failure. They don't blame others when things go
                                                     wrong but instead look for ways to fix the problems and learn from their
                                                     mistakes. Taking  responsibility  also  involves  being accountable to their
                                                     team,  customers, and  stakeholders.  It shows that they are reliable  and
                                                     trustworthy, which helps build a positive reputation for their business. 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.


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