Entrepreneur

The definition of entrepreneur is a person who starts a new endeavor or business and takes on all the danger for a product, business, or service that they have faith in. The term entrepreneur is a person who takes a risk on a type of company or a new original idea of a product so that they can make a certain amount of profit, which will normally involve in a high level of personal and financial risk to pursue the opportunity.

An Entrepreneur is an person who creates and runs a business with the belief of making a profit and with the posibility of growth. The entrepreneur is characterized as a person who principally has the fortitude of innovative behavior and will bring on strategic management practices to their business.

(Source: Small Business and Entrepreneurship. Paul Burns and Jim Dewhurst, pg 11)

These are the people who have the skills and initiative necessary to take good news ideas to market and make the right decisions to make their idea profitable. Here is a quotation of what is an entrepreneur “One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize on those opportunities”

(Scarborough and Zimmerer, 2003, p.3)

“Someone who takes nothing for granted, assumes change is possible, and follows through: someone incapable of confronting reality without thinking about ways to improve it; and for whom action is natural consequence of thought”

(Source: Useem, 2001. In Scarborough and Zimmerer, 2003, p.3)

Being an entrepreneur is about more than just starting a company, it is about having strong belief in their product and have the attitude and the drive to make their business successful. All successful Entrepreneurs have a similar philosophy and has several crossing personal qualities that make them successful in business. They usually have a healthy opinion of themselves and often have a strong and assertive...