Business Entrepreneurs

Entrepreneurs are pioneers and administrators are those who apply existing best practices. Entrepreneurs participate in strategic activities and management needs to pay attention to tactics and operational activities. Entrepreneurs develop strategies and managers execute strategies. The success of the project depends on continuous renewal and application of entrepreneurial spirit. Business success depends on applications and efficient management team. The churn rate of new business is very high.

Not all entrepreneurs are executives of their business. Entrepreneurs can play different roles in their business depending on how they were built. Entrepreneurs can work at three basic levels. Perhaps they started their own business. They may work for other entrepreneurs. Third, they may be part of entrepreneurs and big companies. The third category can be called the internal entrepreneurial spirit. Entrepreneurs are people who access information and find new opportunities that others can not buy. Entrepreneurs are foresighted people who identify opportunities, take action and launch new businesses. Entrepreneurs are opportunists who must constantly be aware of changes in the surrounding environment. Then they grab these new opportunities, evaluate them and use them in the market.

a) The entrepreneur is the main driving force of business. If there is no entrepreneur, there is no business at first. He / she is a person who identifies the market gap and then converts these gaps into business opportunities. Therefore, one of the entrepreneur's functions is to start a business. b) Entrepreneurs will fund the project. After identifying business opportunities, entrepreneurs propose necessary mobilization resources to utilize this opportunity. By doing so, the entrepreneur will be the company 's financier. Entrepreneurs can not reliably rely on personal savings to finance their business. You can borrow the necessary funds and other funds. Therefore, the entrepreneur's function is to fund enterprises.

Schumpeter distinguishes between "replicating" entrepreneurs (building small and medium enterprises as well as other small businesses) and "innovative" entrepreneurs (destroying and destroying existing practices). They also differentiate between "small business" and "high growth company" (most small and medium enterprises are small scale). Both types play an important role in economic success. But they are totally different organizations. Most people trying to measure social entrepreneurial spirit try to measure the first entrepreneurial spirit. They measure the number of SMEs, the number of self employed, or the number of startups. However, this results in unusual results. Egypt is more "entrepreneur" than the United States. It also creates a very distorted image of business activities in developed countries.