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Entrepreneurs: Who are they? What do they do?

Entrepreneurs: Who are they? What do they do?. Entrepreneurs are people who take risks of organizing productive resources to produce goods and services.

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Entrepreneurs: Who are they? What do they do?

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  1. Entrepreneurs:Who are they?What do they do?

  2. Entrepreneurs are people who take risks of organizing productive resources to produce goods and services. As a quick review, productive resources are human, natural and capital resources. Entrepreneurs organize resources, workers and equipment to produce a good or service. Often entrepreneurs see a problem and think of how they can solve it or an opportunity that will bring success through creating a new product or service for the marketplace. Who are entrepreneurs?

  3. Characteristics of Entrepreneurs • Critical thinker • Problem solver • Creative • Risk taker • Hard worker • Planner • Visionary • Good communicator • Focused • Determined • Leader • Learner • Money manager • Optimistic Here are a few of the characteristics of entrepreneurs.Can you think of other characteristics? Which do you think might be most important? Why?

  4. Lack of demand in the marketplace Lack of financial support Security of a stable income Loss of time with family Lack of qualified staff to run business operations Risks Entrepreneurs Face Here are a few of the risks entrepreneurs face.Can you think of other risks? Which do you think is the biggest risk? Why?

  5. Profit motive Product innovation Job creations Improving society Being your own boss Rewards and Incentives for Entrepreneurs Here are a few rewards and incentives for entrepreneurs.Can you think of others? Which do you think is the most important? Why?

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