Frequent question: What is the overriding responsibility of an entrepreneur?

What is the main responsibility of an entrepreneur?

An entrepreneur is an individual who creates and grows a business through their creative ideas. Entrepreneurs play key roles besides generating income as they grow their businesses. An entrepreneur identifies a commercial need in their community, crafts a business idea and takes the lead role to start their business.

What are the responsibility and accountability of entrepreneurs?

Entrepreneurs are held accountable by their clients to provide their product or service and to themselves to market their business, keep track of all income and expenses and make all the decisions that affect every aspect of their business.

Why do entrepreneurs need responsibility?

For entrepreneurs seeking to pursue world-changing results, or impact investors looking to align their capital with their values, The Responsible Entrepreneur provides the frameworks to build a business and to evaluate and direct investments to create the greatest benefit for all stakeholders.

How would you explain the responsibility of entrepreneur to customers?

Entrepreneurs have the responsibility to encourage market and customer research. For that, research regarding new uses of new commodities and services is essential, so that changes occurring in desires, tastes, lookings sand designs may be known.

What for you is the biggest and hardest responsibility of an entrepreneur?

If someone asked me what the hardest part about being an entrepreneur is, I would say making decisions and knowing when I am right or when I am wrong. Each day in our businesses, we are forced to make decisions on market conditions, prices, costs, and accepting or declining business deals.

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What are the responsibility of an entrepreneur towards environment?

Business enterprises should take lead in solving environmental issues. It is their responsibility to check the consequences of their actions and also to protect environmental resources.