Origins of business Essay Example | Topics and Well Written Essays - 500 words

Origins of business - Essay Example Entrepreneur can be defined as, "the one who undertakes an enterprise, especially a contractor, acting as intermediatory between capital and labor". (Jean-Baptiste Say) Entrepreneur is basically referred to a person who is willing to launch a new venture or an enterprise. He should have the qualities of carrying out a successful business. The effects of a good entrepreneur on business are that he has the quality to innovates efficiency and productivity in his business by introducing new technologies and ideas. He is a versatile and creative personality who brings in new strategies in his business or launches new types of products or services in order to profit his business. Planning or outline: Planning or an outline is a very important origin to start up a business. The founder of the business must plan first about the business. What, where, when and how, all these questions about the business are very necessary to answer before starting a business. The founder of the business must make a proper draft or an outline about his business and analyze all the expected aspects included the profit and loss of his business. This will be quite helpful in the future as the business will not be inclined towards any sort of loss and even if any loss may be occurring in the business, the entrepreneur will be ready to face it and handle it properly through the planning made before the launch of the business.