Entrepreneur is one of the important elements in the economic growth of any country. He is a person who has initiative, skill, innovative ideas and look towards for higher and higher achievements. This urge can be taken as his intrinsic quality. He is thus a very critical factor in the social-economic change. He is a person responsible for new opportunities, new techniques and produces something new.

According to the modern concept, entrepreneur is defined as one who defects and evaluates a new situation in a given economic environment and skilfully and efficiently possesses one or more of the following attitudes :



  •  Tendency to exploit opportunities of profitable investment.

  • Finding out new and prospective business ventures.

  • To collect required capital or the proposed project.

  • Creates Confidence in the mind of financial institutions and investors for the repayment of debts.

  • Supply the required technical ‘know how’ in manufacturing organisation or to his business.




The term entrepreneur now-a-day has been attributed to all small industrialists, manufactures and even large scale industrialists. It also means all such people who are gainfully engaged in the work of manufacturing, distribution and other sectors of economy are called as entrepreneurs. The sense of social responsibility is necessary for entrepreneurial attitude (out look)