Concept of entrepreneur is comparatively new and dynamic. What is entrepreneur? There are many ways to describe an entrepreneur. Entrepreneurs can be described as an innovative and creative people who response to the environment. Such response can take in any field or social endeavour as in agriculture, business, education, social work and etc. Entrepreneurs can be someone who creates new things or someone who doing things that already been done in a new way is a simple way o how to define entrepreneurs.
The concept of entrepreneur is always related with a very high aptitude that pioneers change, possessing characteristic only found in only a very small fraction of the population. Entrepreneurs are always quick in to see possibilities for achievement. They are not blinded as; mangers in large, sedate organization often are, by the in-grown culture in which they are embedded. As we are aware, for entrepreneurs, the new ideas for new products and services often originate in unexpected places. It could be anywhere in every single daily life problems. One of the greatest inventions created by entrepreneurs is the Xerox machine in office. With the birth of Xerox machine, daily office work has become more efficient and effective.t
Entrepreneurs are understood as a combination of creativity and innovation. People define it as a businessman who is applying inherent creativity as the act of ‘thinking of’ new things. It involves a lot of processes such as coming up with innovative ideas and trying out new methods. In this competitive world, entrepreneurs need to shift paradigms and do things differently. They need to do away with old assumptions and perspectives. The entrepreneur basically adopts techniques to stimulate creativity amongst employees. This is most important concept of an entrepreneur where he needs response to the environment as quick as he can. He will function as a brand new sponge which will absorb everything within his surrounding.
Entrepreneurs always see the gap and hence capitalize on the same. An entrepreneur grabs such novel ideas, developed it and pursued its success doggedly with unflagging spirit. Therefore, these people are successful in their venture and are entrepreneurs in the true sense of the word. Thus, entrepreneurs are self-starters and doers who have organize and build successful enterprises. On the other hand we can not call an entrepreneur an opportunist because it is not only the selfish interest that drives him but he is also meets the need of the people.
However, not anyone is cut out to become an entrepreneur. Leadership skills, and especially self discipline, are must-have characteristics of a successful entrepreneur. Someone who not only has viable and profitable business ideas, but also the know-how and personal drive and ambition to implement those ideas, can become successful at entrepreneurship. In the end, though, the most highly required quality of any entrepreneur is that of a risk-taker. Any business venture is a risk, no matter how small or big, and start-up organizations are at the greatest risk of failure. A good entrepreneur is confident enough of his or her plans to take that risk and proceed.