A final report for characteristics and factors that influence Bumiputera street hawkers become successful in business / Patrick Mukan Tajai

An entrepreneur 1s refer to a person or somebody that working within an existing organization or by individually, who categorizes a business opportunity within a given market and sets up an enterprise or minor to take advantage of the opportunity that have (Gartner, 1988). They take up the risks involved in pursuing the opportunity and also take recognition for the reward that may grow from taking such risk. They however, ensure that the risk is well calculated before venturing (Timmons, 1978; Lynskey, 2002). Entrepreneurs by nature are innovative, creating new ideas and developing new business processes (Kirzner, 1973; Schumpeter, 1934; Bolton, 1986; Timmons, 1978). Entrepreneurs identify new markets; revise existing processes and ways of doing business in other to create something new, with improved value to the community within vvhich the entrepreneur brings out his business (Hitt, Ireland, Camp & Seton, 2001).