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.