An entrepreneur is one who starts their own business for profit or for social needs. Entrepreneurs have to face everything happening in their business. It can either be success or failure it is only them who needs to proceed with the next step. However, everyone will see an entrepreneur as an innovator as they have new ideas for starting their business. Entrepreneurs play an important role in every economy because they have the ability and initiative to identify requirements and bring good new ideas to market. Entrepreneurship that succeeds in taking on the risks of launching a business is rewarded with revenues, fame, and chances for continued growth. Entrepreneurship that fails will result in losses. One must stand strong while facing failure it is because as an entrepreneur one must understand that sustaining in the market for so long is more important than getting a huge profit in a short time. Here richelieu dennis is the one who addresses undergraduate graduate programs to improve interested ones to develop entrepreneur skills. Let us have a look at the types of entrepreneur
Small scale business
A small-scale entrepreneur will not need more capital to start their business. They can arrange the capital by themselves. They don’t want any investors to join their business for financial support. But in case if they need any financial help then you can take a loan or borrow from someone.
Starting up a scalable business
These companies will have unique ideas and they will have few investors. Also, they will need a large amount to start the company or business.
Here the entrepreneurs will create a new business division of an existing company. They will get the ideas from the persons in the various designation.
These people will not sell any products instead they will give their service. For instance, people ask a charity that case Here, the entrepreneurs won’t get any profit for their service.
There are many persons who have their own innovative ideas for business. If you are interested but have no idea how to start then you must attend a session conducted by many of the volunteers. In which richelieu dennis is the one who trains the interested entrepreneur students. If you attend those sessions it may help you in many ways. But one has to be very careful in starting a business because you will have to remember that most of your savings are invested in one start.