Definition Of Entrepreneur In Business

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

Definition of entrepreneur in business. The terms entrepreneur and small. The entrepreneur is commonly seen as an innovator a source of new ideas. An entrepreneur is someone who engages in the organization and management of an enterprise. What is an entrepreneur.

The definition of an entrepreneur isn t set in stone. Someone who starts their own business especially when this involves seeing a new opportunity. A person who can take an idea or an innovation and create a product or service that is in demand by the general public the government or even the military. Entrepreneurs from all stages in their career were asked because i think our definitions all change as we get to different times in our lives.

An entrepreneur undertakes a venture organizes it raises capital to finance it and assumes the whole or major part of the risk of business. It goes beyond starting a business. One who starts or assumes control of a business or other independent enterprise often employing innovation and more than an ordinary degree of risk. An organizer of an economic venture especially one who organizes owns manages and assumes the risk of a business.

The oxford english dictionary has revised the meaning of entrepreneur in 1933 and meant a contractor acting as an intermediary between capital and labor. In order to answer the question i contacted 15 successful business people to find out their own definition of entrepreneur. Entrepreneur translated from its french roots means one who undertakes. To better understand what an entrepreneur is learn more about the different types of entrepreneurs what they do and characteristics you re likely to recognize among them.

The definition of entrepreneurship combines ideas hard work and innovation in one s work.