Roles of the entrepreneur
Provide a detailed plan carefully drawn up with ideas regarding the business and products for producing to make a profit, with .the location, size of the business, number of departments also number of staff to assist in both the short and long term planning of the business.
Sourcing capital to start the business by borrowing from financial institutions, or friends and relatives where a signed contract will state the terms for repayment. Organization comes out of proper planning which yield maximum outputs and profits for the business.
With the capital approved the business can commence operation. As a production business, the aim is to manufacture and trade to make a profit. At the end of each month or week, an evaluation of the business will be done to ensure the business has made a profit during the period.