Why an entrepreneur is called a risk taker?

A.VERIFIED ANSWERfact-checked by tutors

An entrepreneur is called a risk an entrepreneur should be stern and must have the guts to handle any type of risk. Also, he should not be afraid of taking chances when the opportunity strikes. Just like the mind behind Reliance Industries, Dhirubai Ambani. He had the vision and hence converted his dream into reality.

Suggested Q&A

GENERAL · CLASS 10

GeneralCLASS 10
Explain the role of an entrepreneur as an innovator and job and wealth generator.
GeneralCLASS 10
The spirit of entrepreneurship helps an individual to grow. Explain this statement in detail.
GeneralCLASS 10
Explain the process of entrepreneurship in detail.
GeneralCLASS 10
Explain the role of entrepreneur as described by Peter Drucker.
GeneralCLASS 10
How does Jean Baptiste Say envisage the role of the entrepreneur?
GeneralCLASS 10
According to a famous thinker Peter Drucker, innovation is a specific instrument of an entrepreneur. Hence he believes that an effective entrepreneur converts a source into a resource. When is a source converted into a resource? Explain with the help if an example.