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An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.
Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn.
NAME:- MR Manish Kothari BUSINESS:-Semi precious color jewelry and precious stones TYPE :-First generation entrepreneur TYPE OF ENTREPRENEUR:Innovative entrepreneur
Q1 What were the problems faced by you when you were staring the business ?
Q3 Was there financial problem ? ANS3 No, there was no financial problem to start the
business I had enough capital to invest in the business and by rotation in the business and profit earned increased the profits and the profits were invested in the business as capital.
Q7 For minimizing your risk what steps have taken ? ANS7 We have taken many steps to minimize the risk
because risk is an important factor or feature of a business . Steps taken are : Insurance of the goods All machines required for the process are setup in the office Safety of goods from theft or fire we have both the systems installed in the office and many more steps we have taken to minimize the risk .
Q8 what would you like to do with your profit ? ANS8 I like spend my profits in land or as my capital in the business for more profits but less looses and when we sell land money received is also used as capital in the business.