The relationship between opportunity and entrepreneur is similar to the water fish relationship. Fish has no chance of survival in absent of water that looks for its food in water and lives in it. To an enterprising seeing fish water is its opportunity and a life-**** relationship exists between them. After obtaining various relevant information” an entrepreneur evaluates the reality and then he determines and ensures to establish a new enterprise after dual consideration in term of managing resources for it.
i. Mode of Identification: - An entrepreneur by exercising his prudence and perception identifies certain opportunities and starts contem planting on various aspects under the prevailing environment. Taking into account the existing circumstances newly innovative ideas are conceived in his mind and he begins to analyse and weigh all the **** and cons before obtaining the relevant information with regard to his planning of the project on his mind. After deliberating over all the relevant aspects he arrives at a firm decision now what to do next.
ii. Personality of the Innovator:- After determining “what to do next,” an entrepreneur now comes to determine his modus operandi on the project at hand and the removes ahead and establishes the new project. As such, the job of an entrepreneur being with the ideas which lead to the establishment of the project. But not only this, all in not yet over, rather his actual work starts now onwards as he is supported to ensure the viability of his newly established project and its sustenance in the time to come.
