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BAKOMA HANSON
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BAKOMA HANSON
Asked: October 28, 20242024-10-28T09:25:48+03:00 2024-10-28T09:25:48+03:00In: Entrepreneurs

What are the major roles of entrepreneur?

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    1. [Deleted User]
      [Deleted User]
      2025-10-15T10:39:07+03:00Added an answer on October 15, 2025 at 10:39 am

      The key roles of a major entrepreneur (begin with minor include:

      Initiating and leading business activities by identifying market needs and launching ventures to address them.

      Allocating duties and organizing team responsibilities to maximize productivity.

      Forecasting changes and preparing the business to adapt quickly.

      Creating job opportunities within their business or community.

      Identifying and capitalizing on new business opportunities.

      Creating and sharing wealth by generating income and reinvesting in the business or community.

      Improving the standard of living through innovations that reduce costs and improve products or services.

      Taking up and managing business risks responsibly.

      Building strategic partnerships to enhance business growth and decision-making.

      Embracing digitalization and technology to stay competitive and efficient.

      Additionally, for minor entrepreneurs specifically, empowering decision-making, learning from mistakes, and balancing new responsibilities with education are important aspects of their role. They work on nurturing creativity, problem-solving, and business skills to build and grow their entrepreneurial ventures.​

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