Who is an entrepreneur?
An entrepreneur is someone who creates or starts a new business, the individual bears most the risk and also enjoys most of the reward that comes with the business. Let us discuss entrepreneurship types and characteristics of successful entrepreneur.
Entrepreneurs are individuals that create solutions to problem in a society. When they see challenges, they do not complain instead they look for a solution, so you can also say that entrepreneurs are solution providers.
They are also important to the economy of every nation because their businesses provide jobs for others and their profit also make up for economic growth.
Being an entrepreneur has high risk because when they fail, there is no one to fall back on. Entrepreneurs go through a lot of stress, pain and challenges at the initial stage of the business that people cannot see. Most people only see their success and envy them but they do not know the story behind their success.