Is It Important for An Entrepreneur To Have An Inventor?

[Sammyesx]

They are somewhat intertwined. An entrepreneur can also be an innovator, having a unique idea even if is not a physical one is an innovation in Itself, some like Bill gate is an entrepreneur and also an innovator, such people are fiiled with ideals

 

[Abiodun omolayo]

Entrepreneurship is into solving problem in a creative manner , so as entrepreneur or a business owner, you must be able to innovate new ideas into the business world. That is needful for a business

 

[Mary]

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.



An entrepreneur is sometimes seen as an innovator, a source of new ideas, goods, services, and business/or procedures. But the truth is, it’s Very rare to someone that has both.

An entrepreneur might be good in the business aspect while the inventor is an expert in creation of new things, method or procedures.

If you’re an entrepreneur with business skills you need and inventor. Vice versa

Success happens when an innovative product gets in the hands of an entrepreneur that CREATES a business model around the invention

Jobs (Entrepreneur) + Woz (Inventor) = Apple Computer

It is possible for an entrepreneur to play both roles effectively?

It is possible for an entrepreneur to play both roles but I don't think it will be that effective as that of being separated. When there is an entrepreneur and an inventory in a business set up, the business will be outstanding

 

[Ayoknl]

When an entrepreneur has investors that trust his business to succeed and his decision making skills, and therefore invests in his idea makes the entrepreneur feels fulfilled as he has been given the signal that he is bound to succeed. Having investors makes the sharing of risk possible am helps Maximize profit

 

[FreshKaz11]

Although

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.



An entrepreneur is sometimes seen as an innovator, a source of new ideas, goods, services, and business/or procedures. But the truth is, it’s Very rare to someone that has both.

An entrepreneur might be good in the business aspect while the inventor is an expert in creation of new things, method or procedures.

If you’re an entrepreneur with business skills you need and inventor. Vice versa

Success happens when an innovative product gets in the hands of an entrepreneur that CREATES a business model around the invention

Jobs (Entrepreneur) + Woz (Inventor) = Apple Computer

It is possible for an entrepreneur to play both roles effectively?

Although it is not bad when an entrepreneur has an inventor it's like the person who initiate the idea of what the entrepreneur venture into. But most of them will want to share in the entrepreneur profit at the end of the month or year. So the best thing to do is to pay the inventor off,so he or she won't come later to disturb your business when it start booming ..

 

[Alexandoy]

As the saying goes, you do not need to re-invent the wheel. There are existing standard procedures in business that we learn from school, workshops, seminars, forum and symposium. When the entrepreneur needs to innovate he can hire a consultant to help him with that if he is not capable. Innovation is no big deal now especially with the help of the internet.

 

[bhennie]

Burning an entrepreneur is one of the most difficult things to do, managing people and also sourcing for funds when the needs arises and also bearing the loose when it happens. As an entrepreneur it is not necessary to have an investors but depending on how much funds you have and the size you are looking out for it is always nice to have one

 

[Bangiszz]

An incredible business visionary should have the option to successfully impart, sell, center, learn, and plan. A capacity to consistently learn isn't only a key enterprising expertise, yet additionally a truly significant fundamental ability. Growing a business requires a sound procedure dependent on inalienable negotiating prudence and abilities.

While business visionaries can have a few qualities of creators and trailblazers inside them, a business person is ordinarily more centered around the business side of things than trend-setters or designers.

 

[Mostee501]

Reasoning and inventing ideas for the purpose of generating income is one of the jobs of an entrepreneur,an entrepreneur takes risks and manage loses and benefits from success,inventing as an entrepreneur is added value.

 

[Emirons]

Playing both inventing and entrepreneurship is very difficult, entrepreneurs focus on sales while inventors focus on improvement of services rendered. There only few person who has practiced both and it was successful because the listened to customer feed backs and concentrate more on development

 

[Princeeffiong]

It’s very possible to play both enterpreneur and innovator. Though it’s not a compulsory quality an enterpreneur must posses but the growth of the business depends on new ideas. An enterpreneur may be the person with the money while he/she employ the services of brilliant and intelligent minds

 

[Cissé]

It is good for an entrepreneur to also be an inventor. It helps in growing the business, but sometimes it depend on the type of the business. An entrepreneur will always want to invest in new things to grow his/her business.

 

[oluwaseun tope]

I don't think it is important for an entrepreneur should have an investor because an entrepreneur itself is also an investor , an entrepreneur plan also invest also make use of is skills to establish a business without any investor .

 

[Chris Jo]

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.



An entrepreneur is sometimes seen as an innovator, a source of new ideas, goods, services, and business/or procedures. But the truth is, it’s Very rare to someone that has both.

An entrepreneur might be good in the business aspect while the inventor is an expert in creation of new things, method or procedures.

If you’re an entrepreneur with business skills you need and inventor. Vice versa

Success happens when an innovative product gets in the hands of an entrepreneur that CREATES a business model around the invention

Jobs (Entrepreneur) + Woz (Inventor) = Apple Computer

It is possible for an entrepreneur to play both roles effectively?

Firstly, entrepreneurship is all about originality but over the years we have seen intraprenuers who claim to be entrepreneurs which is quite misleading. For an entrepreneur to thrive in any competitive business terrain, business development skills shouldn't be far-fetched as matter of fact, it's a very important part of entrepreneurship. There is no dividing line.

 

[btaliat]

At times, the entrepreneur can also be the inventor of new ideas. But in the case the entrepreneur fails to think deeper to initiate some invention, it is better to hire some people who are conversant in the area to promote the business.

 

[Sariana23]

It is important but not essential. Of course, if you start a business and at the same time have an innovation that attracts the public, it is very sure that you will be successful, but if you do not have said innovator, you can still achieve success, following the correct parameters for success in your business.

 

[Dowenship]

Inventors are not necessarily needed at first I man when your business just started... but as u fries in brand and name then you can start considering inventors. But not every business that need inventors.

 

[Godleads1]

Only if the entrepreneur doesn't want to over burden himself, that's when he can go ahead and employ an inventor. But in the real sense if it, an entrepreneur is also an inventor. Because he must be able to design new product or invent a new product that doesn't seem to exist in the market and yet, it still pulls profit and customers.

 

[Hellen]

Entrepreneurs create companies around those products. With guys like Ford and Gates, these aren't people who invented something new; rather, they took what was already made and built organizations around them.

 

[Onachukwu]

Though not compulsory but it is very important that an entrepreneur shouldd be an inventor because it will give the business a first hand experience as no other product or business has similar trend as his. It will also give him a ground at the labor market