Davido Digital Solutions

Functions of an Entrepreneur

1. Bearing of uncertainty is the primary function of the entrepreneur, that is, losses or profits.

2. The management of the business enterprise delegation.

3. Provision of risk capital and invention.

4. Identifying gaps in the market and turning such gaps to business opportunities.

5. Financing the businesses, through raising and mobilizing the necessary resources to exploit opportunity.

6. Searching for business opportunities through environmental scans.

7. Mobilization of resources needed to start and run a business e.g. from personal savings, friends & relatives and financial institutions.

8. Evaluation of business opportunities to access viability and any other benefits that might accrue to the business.

9. Provide the necessary leadership for the business and those working in it.

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