Saturday, April 11, 2009

Functions of an Entrepreneur.

Here are various functions an entrepreneur should perform.
  • 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.
These are a must functions every entrepreneur should perform.
"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.

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