Difference between revisions of "Introduction to entrepreneurship/IENT101/Nature/Define"
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Revision as of 22:27, 2 October 2018
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. [1]
- 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.[2]
- A person who sets up a business or businesses, taking on financial risks in the hope of profit.[3]
- A person who is willing and able to convert a new idea or invention into a successful innovation.[4]
In a nutshell, we can see that entrepreneurs
- start businesses
- take financial risks, and
- are innovative
References
