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    CH 1

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    Uzair Ahmed Mastoi
    An entrepreneur is defined as someone who takes initiative by bundling resources innovatively while bearing risks and uncertainty. The process of entrepreneurship involves creation, devotion of time and effort, assuming risks and rewards, deciding to leave present activities and change lifestyles, and developing new ventures. Key traits of successful entrepreneurs include commitment, determination, leadership, opportunity obsession, risk tolerance, creativity, adaptability, and motivation to excel.

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    CH 1

    Uploaded by

    Uzair Ahmed Mastoi
    23 views8 pages
    An entrepreneur is defined as someone who takes initiative by bundling resources innovatively while bearing risks and uncertainty. The process of entrepreneurship involves creation, devotion of time and effort, assuming risks and rewards, deciding to leave present activities and change lifestyles, and developing new ventures. Key traits of successful entrepreneurs include commitment, determination, leadership, opportunity obsession, risk tolerance, creativity, adaptability, and motivation to excel.

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    An entrepreneur is defined as someone who takes initiative by bundling resources innovatively while bearing risks and uncertainty. The process of entrepreneurship involves creation, devotion of time and effort, assuming risks and rewards, deciding to leave present activities and change lifestyles, and developing new ventures. Key traits of successful entrepreneurs include commitment, determination, leadership, opportunity obsession, risk tolerance, creativity, adaptability, and motivation to excel.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    23 views8 pages

    CH 1

    Uploaded by

    Uzair Ahmed Mastoi
    An entrepreneur is defined as someone who takes initiative by bundling resources innovatively while bearing risks and uncertainty. The process of entrepreneurship involves creation, devotion of time and effort, assuming risks and rewards, deciding to leave present activities and change lifestyles, and developing new ventures. Key traits of successful entrepreneurs include commitment, determination, leadership, opportunity obsession, risk tolerance, creativity, adaptability, and motivation to excel.

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    of 8

    SAIMA SALEEM

    Some people see opportunities


    whereas others see none
    The Nature and importance
    of Entrepreneurs
    An entrepreneur is a person who takes initiatives to bundle
    resources in innovative ways and is willing to bear the risks or
    uncertainty to act.

    He is a person who gather resources to create an economic


    activity while bearing different types of social and economic
    risks.
    The process of entrepreneurship involves:
    •Creation Process.
    •Devotion of time and effort.
    •Assumptions of taking risks.
    •Involves rewards of taking risks.
    •Deciding to become an entrepreneur by leaving
    present activity.
    •Change from present life style.
    •Desirability of new venture formulation.
    • Economic Development.
    •Innovation.
    •Product Evolution Process.
    •Opportunity gaining Process.
    • Commitment & Determination.
    •Leadership.
    •Opportunity Obsession.
    •Tolerance of risk and Uncer tainity .
    •Creativity and Adaptability.
    •Motivation to excel.
    •Creativity and Innovation.

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