The document defines an entrepreneur as someone who recognizes opportunities through needs, wants, problems or challenges and develops people and manages resources to capitalize on those opportunities by creating a profitable business venture. It further states that entrepreneurship is the process of creating something new and valuable by devoting the necessary time and effort.

1. A PERSON WHO CREATS AND MANAGES CHANGE BY THE
RECOGNITION OF
OPPPORTUNITIES(NEEDS,WANT,OPPORTUNITIES,PROBLEMS
AND CHALLENGES) AND DEVELOPS PEOPLE AND MANAGES
RESOURCES TO TAKE ADVANTAGES OF THE RESOURCES TO
TAKE THE OPPORTUNITY AND CREATES A VENTURE
(PROFITABLE BUSINESS).
IT IS THE PROCESS OF CREATING SOMETHING NEW OF
VALUE BY DEVOTING THE NECESSARY TIME AND EFFORT.

2.  Never believe you know better than your staff.
 Don’t go big or go home.
(Instead, how about this -- start small and start now.)
 You don’t have to be smart to succeed.
(we don't have to be smart to be a successful entrepreneur -- you
just have to hire smart people.)
 Be selfish in solving problems.
(to ensure success in entrepreneurship, focus on solving your own
problems.)
 Invest in your own backyard.
(so many people become much smarter than and lose as much
money They forgot to invest in their own backyard)
 The money is not the bottom line.
 Those entrepreneurs who are purely chasing the
money? They’re the ones who crash and burn.

3.  Accept failure as a part of journey.
 Keep your eyes open for new opportunities.
 never stop creating.
 Believe in yourself.
 Always be constantly improving.
 Develop a high tolerance for risk.
 Change your attitude towards failure.
 Resiliency is an entrepreneur’s best friend.
(The difference in winning and losing is most often not quitting)

4. Entrepreneur are most made not born. Its just a matter of
nature versus nurture.
JAMAL EDWARDS, founder of SB.tv said entrepreneur are
5%born with innate abilities and 95% made by life experiences.
Well many people are still debating that they are born or made,
because some people are naturally intelligent and have high IQ
scores, while other struggle in this area.
Entrepreneurs need a “succeed despite the hurdles” mentality
and drive.
It provides people the required encouragement and business
skill.