An entrepreneur is a person who buys factor services at certain prices with a view selling ts to products at uncertain prices. Entrepreneur is a dynamic of change. An entrepreneur is a agent person of telescopic faculty drive and talent who perceives business opportunities and promptly seizes them for exploitation. Entrepreneur needs to possess some core like competencies innovative, perceiving opportunities, persistence, information gathering, concern for quality planning, problem solving etc a clear distinction can be made between an entrepreneur and A manager An entrepreneur has to perform various functions like idea generation, determina business objectives, raising of funds, procurement of machines and materials, market researc deciding forms of ownership, recruitment of man power etc entrepreneurs can be classified bahd on various factors. Intrapreneurs take the responsibility of innovation