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Outline the role of an entrepreneur in an enterprise

Outline the role of an entrepreneur in an enterprise

Answers

Faith
i) The bearing of uncertainty is the primary function of the entrepreneur i.e. losses or profits.
ii) The management of the business enterprise can delegate
iii) Provision of risk capital and invention.
iv) Identifying gaps in the market and turning such gaps to business opportunities i.e. to initiate a business.
v) Financing the businesses, through raising and mobilizing the necessary resources to exploit opportunity.
vi) Searching for business opportunities through environmental scans.
vii) Mobilization of resources needed to start and run a business e.g. from
a) Personal savings
b) Friends & relatives
c) Financial institutions etc.

viii) Evaluation of business opportunities to access viability and any other benefits that might accrue to the business.
ix) Provide the necessary leadership for the business and those working in it.
Titany answered the question on November 10, 2021 at 07:19

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