Who is an Entrepreneur?

Entrepreneur is a person who establishes a business that generates some value to the customer and proves to be profitable for him.

Examples of some eminent Entrepreneurs are Mark Zuckerberg - founder of Facebook, Bill Gates-founder of Microsoft Corporation, and Steve jobs- Co founder of Apple Inc.

Entrepreneurship

Entrepreneurship is the process of establishing one's own business.

It is the process of developing a business plan, launching and running a business using innovation with all risks to meet customer needs in order to get profit.

Entrepreneurship can be described as starting a business by using the resources available to a person.

Entrepreneurs and Society

Entrepreneurs benefits the society in many ways:

• Boost Economy: They create businesses, increase wealth, and drive economic growth.
• Fulfil customer needs: They use their creativity to come up with a business idea that will meet that demand.
• Lower Price of Products: As more entrepreneurs sell the same product, the price of the product goes down.
• Create Jobs: Entrepreneurs provide employment opportunities.
• Innovate: They bring new ideas, products, and technologies.
• Improve Lives: Their innovations solve problems and improve living standards.
• Promote Diversity: They create opportunities for people from all backgrounds.