THE NATURE AND DEVELOPMENT OF ENTREPRENEURSHIP.
CHAPTER 01. 1.0. THE NATURE AND DEVELOPMENT OF ENTREPRENEURSHIP . 1.1.0 . Definition of words entrepreneur and entrepreneurship. 1. An entrepreneur is a person who organizes and operates a business taking on financial risk to do business. Is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. To an economist, an entrepreneur is one who brings resources, labor, materials, and other assets into combinations that make their value greater than before, and one who introduces changes, innovations, and a new order. To a psychologist, certain forces- typically drive such a person the need to obtain something, to experiment, to accomplish or perhaps to escape the authority of others. For the person who actually starts his or her own business there is a high failure rate due to poor sales,