An entrepreneur is a person who organises and manages a business venture or enterprise with considerable initiative. They will assume the risk, responsibilities and potential rewards or failures of the venture.
They are often opportunists who can identify a niche in the market and have the ability to innovate, develop a business idea and generate new products and services.
Entrepreneurs find opportunities in an extremely diverse range of business or industry sectors. They play a key role in any economy.
Becoming a successful entrepreneur is not always easy. Many entrepreneurs have experienced both failures and successes. Being successful is assisted by planning your business venture properly and having resilience and optimism to overcome challenges.
Researching the market, developing a business plan and considering financial costs will assist you in working out if your business idea is viable.
To increase opportunities for success you should get advice on how to set up a business, how to employ and manage staff and be able to understand regulations and licensing requirements.