Any individual who creates and adds new value is an entrepreneur. Being an entrepreneur does not necessarily mean being an owner of a business. One who creates value, whether an employee or owner of any organization, business or otherwise is an entrepreneur.

Entrepreneuring alone leads to creation of wealth in society and creates opportunities for fulfillment of needs and aspirations for all. Most of all,it can lead an individual towards... being in control of own mind and time.

Each and every individual, irrespective of age, educational background etc.

Venture may not be right. You may not be right for the venture. You are not well prepared to implement the venture.

Finacial-risk & Credibility-risk

Genuine value-addition to customers, effective communication, fair-deal and TEAM-work.

First and foremost, identify a product or service that you are able to offer. Next, ensure that there are few customer(s) willing to buy this from you at a price that allow you to earn reasonable and sustained profits. Once these two aspects are in place, you need to do things, which can be learned.

You may need to build a TEAM with one or more co-founders who share common purpose and are willing to work together.

Well, you have to overcome this feeling on your own. What you need to do is to get to interact with entrepreneurs who have failed a few times and still did not lose self-confidence and bounced back. Remember, perhaps no one can learn riding a bicycle without falling a few times, initially. All you need to ensure that initial falls are bearable. That does not mean every entrepreneur has to fail initially before one's venture succeeds. If you learn and mature the art of entrepreneuring much before starting your own enterprise, your chance of failing is practically zero.

Generally none, unless enterprise has legal matters to deal with

Many. They help you form a private limited company or partnership deed. Also, a few may like to help prepare bankable business plan.

To new and potential customers, your name may give an idea of your business without your telling them.

By effective communication and developing personal rapport.

Inadequate Risk Analyses.

Identify key customers, competitors' distributors and approach them with details about your products and prices. Prepare a questionnaire-form and request them to fill.

Being a leader means taking charge proactively. You can prove to be a great entrepreneur, provided you learn how to develop a trusted TEAM of people who are willing to bring their ideas and expertise together.

In simple terms, when your sales revenue is so much that you are not incurring loss.

Employees are humanbeings. They would perform to their best only under one condition: When they feel great self-satisfaction and inspired in doing what they do.

Money is an outcome of business, as a result of genuine value-addition to customers. Ease to earn more money from business is direct function of what is the nature of value-add you are offering to customers. Ordinary services which anyone else can offer easily cannot make great money, but exceptional value-add through research and innovations can surely be way to being very rich. But then innovation and reasearch is never so easy. It would require substantial and sustained creative efforts.

As important as making a sale. Accounting brings in discipline of finance, the fuel of running the business.

Not necessary. However, mentor, i.e., someone who can guide on overall strategies and even participate in monitoring overall progress on regular frequency is a major asset to entrepreneurs, who are caught in day-to-day activities.

What you really need is coping capacity to deal with uncertainties, especially in matters of adequate cash-flow.

Primarily three goals are required: One, a long-term vision in terms of where you want to reach in say 10-15 years. Two, immediate vision of ensuring that each year remains viable; three, supported by medium-term course-corrective growth plan.

Ease of access to customers, effective channels of communications and efficient delivery are vital factors. Each business may have different ways to define location in this context.