Q:

What is the role of an entrepreneur?

A:

Quick Answer

Entrepreneurs start their own businesses. They help contribute to the economy by employing others and generating revenue. Entrepreneurs see opportunities created by market demand. Anyone can become an entrepreneur.

Know More
What is the role of an entrepreneur?
Credit: Thomas Barwick Stone Getty Images

Full Answer

Often, people become entrepreneurs by monetizing their passions. Many people have hobbies they turn into successful businesses. They create a product and place it for sale on websites. Alternatively, they market their products to other businesses to make money. Ultimately, they start by having a product that others are willing to buy.

Entrepreneurs are different from other people. They see opportunities where others see a waste of time. Also, they can overcome obstacles that stand in their way. The following are a few other qualities entrepreneurs have that set them apart from others: confidence, creativity, open-mindedness, passion, ambition and analytic. Although the list is not exhaustive, it highlights what makes entrepreneurs unique.

The risks associated with becoming an entrepreneur are that starting a business is risky. In order to improve their chances of success, many entrepreneurs continually scan the market for threats and opportunities. Even when they hit stumbling blocks, they learn the lesson and move forward. The best way to reduce the risk of failure is through research and understanding the market.


Is this answer helpful?

Similar Questions

  • Q:

    What is the role of a nurse?

    A:

    The role of a nurse is to give healthcare services to communities, families and individuals through communication, decision making, teaching and management of care services. However, the role of a nurse has expanded due to the changes, especially in technology, that have been experienced in the healthcare industry.

      Full Answer >
    Filed Under:
  • Q:

    What is the role of a duty manager?

    A:

    Duty managers primarily handle an organization’s customer service, and they often meet with managers and executives. They also deal with security and management concerns. They are responsible for the overall maintenance and safety procedures in the workplace.

    Full Answer >
    Filed Under:
  • Q:

    What is the role of an engineer in society?

    A:

    Engineers have the unique role of solving social problems through the use of machines, devices, systems, materials and processes. Engineering has an inherent impact on society that differentiates it from science.

    Full Answer >
    Filed Under:
  • Q:

    What is the role of a media sales executive?

    A:

    Media sales executives maximize sales revenue by developing new leads, increase client portfolios, call potential advertisers, manage customer relationships and increase advertising profits for media outlets, according to TotalJobs.com. A media sales executive typically works for a newspaper, radio station, television station, website or a large media conglomerate.

    Full Answer >
    Filed Under:

Explore