An entrepreneur is responsible for starting a business and taking on risks and uncertainty to achieve goals and drive innovation. An entrepreneur exhibits leadership, competitiveness, and a drive to persist in the face of challenges. They see opportunities where others see problems and work to benefit society by creating new businesses, jobs, and growth. Entrepreneurship involves both innovating and creating value through new ventures and initiatives.

1. Entrepreneurship
& Management
Introduction to Entrepreneur

2. Entrepreneur.
Basically an entrepreneur is a person responsible for setting
up a business or an enterprise. He has the initiative , skill
for innovation and who looks for high achievements. He is
a catalytic agent of change and works for the good of
people . He puts up new green field projects that create
wealth, open up many employment opportunities and leads
to growth of other sectors.

3. Entrepreneur’s profile.
• He is a person who develops and owns his own enterprise
• He is a moderate risk taker and works under uncertainty
for achieving the goal.
• He is innovative
• He peruses the deviant pursuits
• Reflects strong urge to be independent.
• Persistently tries to do something better.
• Dissatisfied with routine activities.
• Prepared to withstand the hard life

4. Entrepreneur’s Profile
• Determined but patient
• Exhibits sense of leadership
• Also exhibits sense of competitiveness
• Takes personals responsibility
• Oriented towards the future.
• Tends to persist in the face to adversity
• Convert a situation into opportunity

5. Entrepreneur.
The word "entrepreneur" is derived from a French root
‘entreprendre’, meaning, "to undertake". The term "entrepreneur"
seems to have been introduced into economic theory by Cantillon
(1755) but Say (1803) first accorded the entrepreneur
prominence. It was Schumpeter however, who really
launched the field of entrepreneurship by associating it clearly
with innovation. Drucker’s definition of entrepreneurship,
namely a systematic, professional discipline, brought a new level
of understanding to the domain (Maurer, Shulman, Ruwe &
Becherer 1995:526). Sharma and Chrisman (1999:12) identified
two clusters of thought on the meaning of entrepreneurship. One
group focused on the characteristics of entrepreneurship (e.g.
innovation, growth, uniqueness) while a second group focused on
the outcomes of entrepreneurship (e.g. the creation of value).

7. Reading assignament.
• http://www.forbes.com/sites/annabel/2013/10/08/how-an-
ecuadorean-entrepreneur-built-south-americas-most-luxe-
jungle-hotel-mashpi-lodge/

8. Elements for a successful
venture.

9. “Decision-Making”
For Entrepreneurs
• Problem solving and decision-making are important skills for
business and life. Problem-solving often involves decision-
making, and decision-making is especially important for
management and leadership. There are processes and
techniques to improve decision-making and the quality of
decisions. Decision-making is more natural to certain
personalities, so these people should focus more on improving
the quality of their decisions. People that are less natural
decision-makers are often able to make quality assessments,
but then need to be more decisive in acting upon the
assessments made. Problem-solving and decision-making are
closely linked, and each requires creativity in identifying and
developing options, for which the brainstorming technique is
particularly useful.