- Perceive opportunity of going for a profitable investment.
- Project Planning.
- Explores prospects of starting such a venture.
- Obtain various required licenses.
- Arranges for initial capital.
- Promises to meet shortfall in capital if any.
- Provides personal guaranty to financial institutions.
- Supplies technical know how.
"Risk Taking" is not mentioned in the above list because it is a must for every businessmen. The core of every business lies behind the risk taken by the entrepreneur. So I have not mentioned in the list of functions.