Explanation:
Entrepreneurs are people with the ability and desire to establish and administer a startup. Successful entrepreneurs see the risks involved in starting a new business but understand that without risk, there is no reward. Entrepreneurs are innovators that work tirelessly to bring their business ideas to life and reap the profits. Great entrepreneurs possess several key skills and traits, such as the following:
Tolerance for risk: Starting a new business involves the risk of failure. However, great entrepreneurs are courageous and ready to take risks.
Leadership qualities: To turn a business idea into a real business, entrepreneurs must recruit and lead a team of employees. Since the entrepreneur is the owner and vision behind the company, they must set the standards and guide employees towards the path of success.
