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Job Description of an Entrepreneur

Job Descriptions February 15, 2014

An Entrepreneur is an individual who endeavors to create economic opportunity for them and others by forming a small business or corporate entity. Many top economists consider small business to be the heart of the US economy. Countless numbers of individuals dream of becoming independent entrepreneurs.

In order to make this dream come true, one would look to acquire a particular set of universal business related skills. Obtaining these skills can be a key advantage in making a small business undertaking a success. A bachelor’s degree or higher would be the first step towards achieving the status of entrepreneur, although when forming a business network on one’s own, there is no legal requirement to graduate from a college or university.

That being said the best course of action would be to achieve a level of masters in business administration or similar business related masters depending on the type of field or industry the final business plan will relate to. In general, the entrepreneur and small business owner is responsible for the overall direction and daily operation of the business entity. Fundamentally, a major characteristic of successful entrepreneurs is that of a planner.

Sales are a key part of any business, but especially small businesses that may not have established a brand or presence within their respective industry. A successful business owner must excel as a salesman. It does not matter whether they are involved in the direct product of sales or not, every business related encounter is a self promotion.

There is a great deal of selling one’s self when it comes to pitching a business plan to a bank, investor, partner or team. Then the next level is to sell potential clients or customers on the merits of a product or service. An intimate understanding of one’s own strengths and weaknesses is necessary in order to gain the appropriate support and strength from business partners and staff.

The business plan is the first step for the entrepreneur followed by a marketing plan, production plans, sales force and a budget. It is essential that an attainable chain of action steps is created and that they can conceivably stay within an established budget. These are the key ingredients that a bank or investor will be looking at when considering whether to lend money or invest money into the undertaking.

Daily job duties of the established entrepreneur might be to review daily sales forecasts and specific financial information and compare them against market and business plan goals. Business owners and CEO’s can then direct their administrative and sales staff to achieve these goals. The business owner will be responsible for all hiring and firing of team members and bear the ultimate weight of responsibility for success or failure.

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Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Our top-ranking program blends modern business theory with real-world experience
  • Institutionally accredited by SACSCOC with ACBSP graduate business program accreditation
  • High-quality, Christ-centered education with online and select on-campus & evening courses
  • Qualifying bachelor's students can transfer up to 90 credit hours into their degree program
  • 86% of Regent students receive some form of financial aid
  • Online Courses
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

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