There is a wide range of definitions of “entrepreneurs”.
Examples:
“An entrepreneur is one who organizes, manages and assumes the risks of a business or enterprise”
The Merrian Webster Dictionary
“An entrepreneurs is the person who destroys the existing economic orders by introducing new products and services by creating new forms of organization or by exploring new row materials”
Joseph Schumpeter
Some reasons for being an entrepreneur are given below
• Tending to self creations
Example: • Creation of new products and services
• Parents and family members are engaged in business fields and other family members following it too.
• Social and economic background suitable for the entrepreneurs
Example: • Social background valued by the entrepreneurs
• Government incentives
By the experiences received from employment
Activities done as a hobby have been converted to a business
Example:
• Raring of wet pets
• Education and practice gained about various professions and other fields
• As a result of finding the solution to social problems
Example:
• Producing compost to reduce garbage.
• Presenting solution to the menace of flies and mosquitos.
• Construction of hearth of different types as a solution to the fuel crisis.