INTRODUCTION
Most of the people did not really know deeply and practically the meaning of entrepreneurship and an entrepreneur, so most people see it as the same but the fact is that one is the act while the other is the person.
Entrepreneurship is an act of being or becoming an entrepreneur. It is also refers to the owner, controller or manager of a business enterprise who by initiative and risk taking attempts to maximize profits.
While entrepreneur is simply an individual, person who key start and single handedly take up the risk of starting a business enterprise.
FEARS OF AN ENTREPRENEUR
Profit
Profit is simply what every business person or an enterprenure aim at when starting a business. In essence the basic reason anyone will want to start a business is profit maximization, so on that starting a business the person term to fear making profit since that is the motive so it is point first into consideration.
Demand
Demand is simply the degree or level at which request or purchase is made for once product. It is also an economic term that refers to consumer's desire to buy goods and services and willingness to pay a price for a specific good or service offered for sale.
This became a real fear of an enterprenure because demand is practically desire and not only desire but a willing desire for a particular, so that there is possibility of people not demanding for the product if necessary thing is not put into consideration before producing. Some of the things to put into consideration is what to produce, how to produce, where to produce, when to produce and for whom to produce.
Failure
Failure give birth to rejection most time.No one want to fail or love to fail that is certain, but to fail does not necessary makes one is failure. Failure is simply lack of success or the act of neglecting or omitting an expected or required action which leads to imperfection. It is the act of not doing what is expected of you to do. This became a fear because possibility of failing is certain in as when began to produce a particular. Failure as fear of an entrepreneur came up when there is little or no demand for a certain product place on market for sales. Failure came up when something is not properly done.
Rejection
Failure bring about rejection most times. Rejection is simply lack of acceptance or mot been welcome in market. This became a fear because when there is rejection that implies that what is produce is not accepted in market.
Risk taking
Risk taking is the basic of life and business as a whole. This involve been endanger trying to do something or a particular thing, risk have to be taken in order to achieve a goal. Beginning or creating a business always involves some level of risk-taking.
Conclusion
If all the above fear is been lifted success is certain. When one is starting a thing for the very first time those certain that not be done totally but should certainly be dealt with and done without and living and producing should not be practically base on that.
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