Business Entrepreneur

What do Business Entrepreneur's do?

An entrepreneur combines the first three of these to manufacture goods or provide services. They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Entrepreneurs commonly face many obstacles when building their companies.

Business Entrepreneur - information graphic

Duties and Responsibilities

  • Prepare staff work schedules and assign specific duties. 
  • Review financial statements, sales or activity reports, or other performance data to measure productivity or goal achievement or to identify areas needing cost reduction or program improvement. 
  • Perform personnel functions such as selection, training, or evaluation. 
  • Establish or implement departmental policies, goals, objectives, or procedures in conjunction with board members, organization officials, or staff members.
  • Monitor suppliers to ensure that they efficiently and effectively provide needed goods or services within budgetary limits.

Job Outlook

Employment prospects for entrepreneurs are subjective and vary among industries and demographics. It is likely for this reason that the U.S. Bureau of Labor Statistics does not provide a specific job outlook for entrepreneurs, but does state that entrepreneurs are the driving force of a market economy.