Identity of "ENTREPRENEUR"

Often we come across the word 'entrepreneur' and ponder' Who are they?' In simple language, they  are  someone who creates a new business of their own. The term 'Entrepreneur' has been derived from a French word 'Entreprendre' meaning to undertake certain activities. It may sound simple that someone is an entrepreneur but reality is that they are the ones carrying high risk. They got to invest lots of money to make more money.We can call them the 'risk bearer'. For facing uncertainities he may get profit or incur loss. It is not easy to become an entrepreneur. He must have some qualities or skills like ability to organise various factors effectively, understand all the ascepts of the business. He should be professional in approach and should adopt modern techniques of production rather than outdated ones. The most important quality is that an entrepreneur must be quick in his/her decisions or we can say 'right decision at right time'. An effective communication is also equally important as an entrepreneur comes in contact with various persons like consumers, workers, some dignified authorities and government officials.