☞ Following are the functions of an entrepreneur :
1. Making Decision 2. Managing the Business 3. Divide Income 4. Taking Risk 5. Create a New Method, Idea or Product
MAKING DECISION : What to produce and sell, how much and where to sell.
MANAGING THE BUSINESS : Arranges for raw material, hires peoples for work and tell everyone what to do.
DIVIDE INCOME : Spend money to buy material, pays rent of building and salaries to people.
TAKING RISK : Against fires, lost items and theft.
CREATE A NEW METHOD, IDEA OR PRODUCT : to increase their importance and income.