Step-by-step explanation:
An entrepreneur is a person who starts his own business and is solely liable for the losses and profits of the business. He is a highly innovative person. He is highly enthusiastic. He is a strong Decision Maker. He is a problem solver and highly efficient person. When an entrepreneur starts a business, the very first decision he should take would be of the Product he is going to manufacture and sell. He should launch a product or service which is not present in the market at the moment or at least his product must be innovative enough to compete the similar existing products. He should work on the features of his new product which will make it different and innovative from other products in the market.