Function of an Entrepreneur

 Entrepreneur plays an important role for the development of country so their role ad function is very wide. Some of important function of an Entrepreneur os as below-

1.To establish Enterprise- It is the first function of an Entrepreneur. They have an innovative idea. To convert this idea into practical form they establish as Enterprise.

2.To bear risk- It is the second function of Entrepreneur. They arrange capital, land,labour and infrastructure to produce innovative product or service. If this idea is not success they face a financial loss so they bear risk in the performing their dicision.

3.Decision making-It is also an important function of Entrepreneur. They take all decisions in the area of Production, Demand, Supply, Price, Advertising, Ware housing, Communicating,Trading, Distributing, Financing etc. If any decision is wrong they face negative impact of that decision.

4.Managerial function- Entrepreneurs are the manager of Enterprise. They make policy, programme, rules, regulation, procedure for the development of Enterprise.. 

5.Administrative function- Entrepreneur are the administrator of Entrepreneur. They implement, execute the policy, programme, rules, regulations inside the Enterprise to perform the function of business by effective efficient way to achieve goal.

6.To set objective- Every Entreprise has an objective. These objectives may be Survival, Sales revenue maximization, Profit maximization etc. Entrepreneur chooses one of the objective that they want to achieve in current financial year.

7. To arrange resource- There are different types of resources Enterprise require to perform the function of business. These are human resource, non human resource, technical resource, Financial resource and so on. All these resources are present at different places. Entrepreneur forecasts all these resources and arrange resource for performing the function of business.

8. To recognize opportunity- Today large scale company perform their function at every corner if the country so market has less opportunity. Entrepreneur finds out the opportunity that is present in the market and they cash the opportunity for the growth of their Enterprise.

9.To maintain relation- There are many members of Enterprise. These members are employees, Suppliers, Retailers, Government authorities and so on. Entrepreneurs maintain relationship to all concern people for the growth of Enterprise.

10.Innovation-Entrepreneurs are innovator. They innovate new idea, opinion, thought, technology in any function of economy so they always find out new things and implement in business.