An entrepreneur is a person who initiates a business venture, and as such he has certain features that are unique to him/her. State and explain these features.
a) Risk taking capacity: every business has risk of time, money
etc. So an entrepreneur must have the capacity to take such
b)Creativity and innovation: an entrepreneur has an initiator ,
creativity and innovative power
c)Need for achievement: the entrepreneur has strong desire to
achieve the goal of business. he is always driven by the needs
d) Need for autonomy: an entrepreneur does not like to be under
anybody. It is the need for autonomy which drives a person to
be an entrepreneur.
e) Internal locus of control: an entrepreneur believes in him his
Risk taking capacity, creativity and innovation, need for achievement, need for autonomy and internal locus of control.