According to Wikipedia, “An entrepreneur is a person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks. In the context of the creation of for-profit enterprises, entrepreneur is often synonymous with founder.”
Lets see if we can break this definition down into bite sized chunks.
Entrepreneur as an Undertaker
This term indicates a certain amount of initiative that drives an individual to do something tangible with an idea they have conceived. This initiative is in context of a business startup.
Entrepreneur as an Operator
This term is indicative of an individual willing to get in the thick of things and develop the business from the standpoint of administrator and marketer. In effect, an entrepreneur must be willing to do everything needed to manage the business they are seeking to develop.
Entrepreneur and Accountability
An entrepreneur understands that the buck stops with them. They are willing to be responsible in the development and affairs of the business.
Entrepreneur as Risk Taker
There will always be the risk that a business startup will...
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