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Sunday, January 28, 2007

Definition of Entrepreneur

en·tre·pre·neur (ŏon'trə?-prə?-nûr', -nʊ?r') n.

A person who organizes, operates, and assumes the risk for a business venture.
[French, from Old French, from entreprendre, to undertake. See enterprise.]
en'tre·pre·neur'i·al adj.en'tre·pre·neur'i·al·ism or en'tre·pre·neur'ism n.en'tre·pre·neur'ship' n.
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Definition:

Essentially, an entrepreneur is a person who starts a new business venture.
However, we tend to think of entrepreneurs as people who have a talent for seeing opportunities and the abilities to develop those opportunities into profit-making businesses.

Are entrepreneurs born or made? The debate still rages, but the current consensus is that successful entrepreneurs share a constellation of personality traits. In other words, some people are naturally more entrepreneurial than others.

A common misperception about entrepreneurs is that entrepreneurs are wild risk-takers. Entrepreneurs do take risks, but only calculated ones. One of the abiliities successful entrepreneurs share is the ability to evaluate risks.

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