AS ROY ASH SAYS,”AN ENTREPRENEUR TENDS TO
BITE OFF A LITTLE MORE THAN HE CAN CHEW
HOPING HE WILL QUICKLY LEARN HOW TO CHEW
Functions Of an entrepreneur
Entrepreneurs help in job creation:- An
entrepreneur creates organisations and makes use
of resources and technologies to make profit and
business. For making business organized he/she
makes small scale units, creating jobs in society.
Entrepreneurs contribute to the economic
development:- Entrepreneurs face challenges
and make profits in every economic systems. They
create jobs , wealth and capital. They promote
investment, increase productions and bring
competitiveness in business.
Entrepreneurs help in enhancing the
standard of living of people:- By increasing
income of a country of people and by bringing new
and better products , they help in improving the
standards of living of people.
Entrepreneurs help in bringing new
products to the people:- By competing in
markets for making profits and winning attention
of people entrepreneurs think of new ideas foe
new and better products.
Entrepreneurs help in increasing
productivity :- Entrepreneurs can produce more
goods and services with less inputs and play an
important role in increasing productivity to provide
more to people on higher profits.
Entrepreneurs help promote research and
development :- Entrepreneurs try to test their ideas
of goods and services by experimentation so they
provide funds for research and development with
universities and research institutions providing general
development and research.
Entrepreneurs are UNIQUE`
A BUSINESS DOES NOT GET STARTED BY ITSELF. IT ISTHE
ENTREPRENEURWHOTAKESTHE RISKAND ISWILLLING
TO FACE DEVASTATING FAILURE . HE BRAVES
UNCERTAINTY STRIKESOUT ON HIS OWN ANDTHROUGH
NATIVEWIT , DEVOTIONTO DUTY AND SINGLENESS OF
PURPOSE , SOMEHOWCREATES BUSINESS AND
INDUSTRIALACTIVITIESWERE NON-EXISTED BEFORE .
HISVALUESAND ACTIVITIES HAVE BECOME INTEGRAL
AS JOSEPH SCHUMPETER SAYS,” ENTREPRENEURS’TASK
IS “ CREATIVE DESTRUCTION”.HE DESTROYSTO CREATE
NEWTHINGS . HE CHANGESANDTRANSMUTESVALUE.
HIS SEARCHESCHANGEAND RESPONDSTO IT. HE IS A
CHANGECREATOR RALPH HARWITZWRITES IN HIS
BOOK” REALITIESOF PROFITABILITY”. ENTREPRENEURS
MAKEA HAPPENING,WANT PIECE OF ACTION , ISTHE
Entrepreneurs help in improving quality of
community life and integration of people in a
society :- They provide employment to people and also
try to attract them for work by providing good salary ,
working conditions etc.
Entrepreneurs are a source of inspiration:- They
inspire youth and other groups of people to never give up
and to follow their dreams and ideas , to take risks and
succeed In life. Many people decide to become
entrepreneur themselves and themselves contribute to
the development of their nations.