An entrepreneur is someone who creates, manages, and scales a business by taking calculated risks and being innovative. They develop an enterprise around an innovation and assume the risk for its success. Entrepreneurs are businesspeople who find their success by taking risks and often become disruptors in established industries. They are individuals who start or own a business, whether its in farming, retail, manufacturing, or in the service sector. Entrepreneurship involves combining resources, skills, and vision to bring forth new products, services, or solutions that meet market demands and create value.
Here are some key points about entrepreneurship and entrepreneurs:
- Entrepreneurship is the pursuit of creating, managing, and scaling a business by taking calculated risks and being innovative.
- An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
- Entrepreneurs take on most of the risk and initiative for their new business and are often seen as visionaries or innovators.
- There are different types of entrepreneurs, including social entrepreneurs who are motivated primarily by their desire to make a positive impact on the world by creating a new business.
- Entrepreneurship involves understanding when you have an opening in the marketplace that no other provider is meeting and having the business sense to know how to go after this new opportunity at the right time.
- Successful entrepreneurs possess many abilities and characteristics, including being curious, flexible and adaptable, persistent, passionate, willing to learn, a visionary, and motivated.
