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Definition of Entrepreneur

Entrepreneur

An entrepreneur is a man who organizes and manages the business. The following are the responsibilities of an entrepreneur that what he has to do?

1. Planning

First of all an entrepreneur should be a good planner. His first duty is to do good planning. The main purpose of planning is to direct the intentions actually the need for planning is needed where there are so many ways n an entrepreneur has to select one right way this is what done by an entrepreneur, so the entrepreneur should be a good planner.

2. Organizing

An entrepreneur should be a good organizer the entrepreneur does the planning so the organization can achieve the specific targets. In an organization there are separate departments come into existence this is because one man or an entrepreneur cant do the work for all .in this way an entrepreneur divides the work.

3. Staffing

Third duty of an entrepreneur is staffing this is because that the burden is not gone onto one person. By staffing the work is done properly and there is no chance for the organization to be in loss so the entrepreneur has to staff the people so that an organization do the work properly.

4. Controlling

This includes direction, improving and training of employees. To achieve good controlling an entrepreneur should put in order the plans. Entrepreneur should have full control over its production its inventory and quality etc.

Except of all it an entrepreneur should be good communicator .he should convey message in clear, correct and complete so that everybody can understand it. He must be a good reader, writer and listener

So in the end an entrepreneur should be a rational and a good manager so that he can manage and organizes the organization the above-mentioned rules must be followed by the entrepreneur otherwise his organization will be in loss.

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