What they do
An entrepreneur is a person who organises and manages a business venture or enterprise with considerable initiative. They will assume the risk, responsibilities and potential rewards or failures of the venture.
They are often opportunists who can identify a niche in the market and have the ability to innovate, develop a business idea and generate new products and services.
Entrepreneurs find opportunities in an extremely diverse range of business or industry sectors. They play a key role in any economy.
Becoming a successful entrepreneur is not always easy. Many entrepreneurs have experienced both failures and successes. Being successful is assisted by planning your business venture properly and having resilience and optimism to overcome challenges.
Researching the market, developing a business plan and considering financial costs will assist you in working out if your business idea is viable.
To increase opportunities for success you should get advice on how to set up a business, how to employ and manage staff and be able to understand regulations and licensing requirements.
Entrepreneurs can expect to work in a variety of conditions dependent on what business or industry their business venture is involved in.
Tools and technologies
Entrepreneurs use a range of general office equipment including computers, photocopiers and mobile phones. They will generally need a valid driver's license. Other tools and technologies will depend on the type of business venture the entrepreneur is involved in.
How do I become one?
Education and training
It is possible to work as an entrepreneur without any formal qualifications. However, you are more likely to improve your chances for the success of your business venture by obtaining a qualification in business, commerce, entrepreneurship or a related field.
Business courses are offered at TAFE colleges and other registered training organisations throughout Western Australia.
You can also study a degree majoring in business, commerce or entrepreneurship. Most universities in Western Australia offer relevant courses. Contact the universities you are interested in for more information.
Required registration and licensing