What Is An Entrepreneur?

What Is An Entrepreneur?
An entrepreneur is defined by the personal risk they take on in pursuit of a new business, innovation, or some other form of enterprise. In exchange for taking on that risk, they often profit most significantly from their enterprise’s success.

There is some debate over the exact definition of an entrepreneur. Some have a wide definition that includes anyone who works for themself. Others have a narrower viewpoint, suggesting that an entrepreneur doesn’t just work independently for their own business, but their business must also involve innovation and leadership.

What Does An Entrepreneur Do?
An entrepreneur identifies a need that no existing businesses addresses and determines a solution for that need. Entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit.

An entrepreneur who regularly launches new businesses, sells them and then starts new businesses is a serial entrepreneur. Additionally, although the term “entrepreneur” is often associated with startups and small businesses, any founder of a successful household-name business began as an entrepreneur.