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Hi, need to submit a 1500 words paper on the topic Entrepreneur, Manager and Owner.
Hi, need to submit a 1500 words paper on the topic Entrepreneur, Manager and Owner. This person is responsible for establishing a new entity or unit so that the establishment could provide an existing product or service into the form of a single new market, which could have a profit or non-profit result. The entrepreneurs have strong insights as regards to the opportunities that exist within the market and the threats that come as a result of the very same. The risks that could arise in the wake of these include personal, financial or professional ones so that opportunity could be grabbed with both hands. (Martin, Routledge, 1997)
In societies found within the United Kingdom, business entrepreneurs are regarded as the pivotal components of social order. (Covin, 1999) Entrepreneur manages and runs an organization and manages the different undertakings of the enterprise. This enterprise could be a business that is normally associated with peculiar initiatives and foreseeable risks. An entrepreneur is also an employer of productive work or in other words of labor. He is also the contractor who deals with or initiates the process of entrepreneurship. The entrepreneur is the person who is responsible for running the system which is in place in a normal process. He is the one who organizes the whole process. Entrepreneur creates or sells a product and/or service so that he could earn a considerable profit/benefit. The entrepreneur is the risk bearer and an organizer within the business enterprise. More than anything else, an entrepreneur is a leader by sheer definition. An entrepreneur wants to achieve high since his ambitions are always at the top. He is a person who believes in dedication and hard work. These people like to work for their own selves rather than working for some other business. They believe in the quality of work and take acceptance for the responsibility which is a hallmark of a true leader. These entrepreneurs believe in a positive approach and give rewards whenever they deem fit.
