What Do Entrepreneurs Do?
Describing what entrepreneurs do isn’t an easy or simple task! No two entrepreneurs’ work activities are exactly alike. In a general sense, entrepreneurs create something new, something different. They search for change, respond to it, and exploit it.
Assessing Potential and Starting up
Initially, an entrepreneur is engaged in assessing the potential for the entrepreneurial venture and then dealing with startup issues. In exploring the entrepreneurial context, entrepreneurs gather information, identify potential opportunities, and pinpoint possible competitive advantage(s). Then, armed with this information, an entrepreneur researches the venture’s feasibility—uncovering business ideas, looking at competitors, and exploring ...
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