Entrepreneurship plays a very important role for the economic development of the country. Entrepreneur is the person who commences his business with his innovative ideas. Initiative is the first quality of an entrepreneur. Entrepreneur is an independent. An entrepreneur is the owner of the enterprise. An entrepreneur has a good foresight. Hard work is the key to success. The reward of an entrepreneur is profit. An entrepreneur is neither a science nor an art. It is a practice.
Transition of Entrepreneur to manager:
When an entrepreneur enters in the process of enterprise then there are so many factors which are necessary for the entrepreneur to take knowledge about the resources:
- Managerial resources.
- Economic resources.
- Supplier resources
- Market resources.
- Agent resources.
There are the so many factors who acquire to the entrepreneur.
Person starts the business always in small scale then he is not popular in the beginning. But after a few years he became a popular all over the world with the help of new technology, innovation, and creativity in the business then business will run very smoothly and efficient way.
Once, he has to make the decision attract with customer, supplier, and employer.
- With Customer: He has to be very polite with customer.
- With Supplier: He has to be commendable with employer.
- With employer: He has to be negotiator.
In the same way, different kinds of personality are called Transition of Entrepreneur to manager. Every entrepreneur thinks how to tackle the things properly. ![]()
Following are the qualities which are in every entrepreneur:
· He should be a technical knowledge.
· He should be able to calculable.
· He should be able to handle the problem.
· He should be able to take the risk.
· He should be able to take the decision immediately.
· He should not delay his schedule.
· Proper time management acc. to work.