Entrepreneurs are the most important persons in business sector development.He is the person that love risk in return of monetary reward or for independence and personal satisfaction.As we know that risk is taken by businessman and enterpreneurs for some specific reason.Each entepreneur differ from one another,as well as their personality or nature is concerned.So the way they think,they learn and they adapt all differ from one another.
There are mainly two processess through which each and every enterpreneur has to passed.i.e Effectuation and Casual process.In Effectuation enterpreneur think about his skills and competencies and then start the business while in casual he has to go for planned business.