Introduction to entrepreneurship/BMAN111/Nature/Define



Before we can start exploring entrepreneurship, let's define what an entrepreneur is. An entrepreneur can be defined as:
 * A person who starts, organizes, and manages any enterprise, especially a business, usually with considerable initiative and risk.
 * Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.
 * A person who sets up a business or businesses, taking on financial risks in the hope of profit.
 * A person who is willing and able to convert a new idea or invention into a successful innovation.

In a nutshell, we can see that entrepreneurs
 * start businesses
 * take financial risks, and
 * are innovative

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